As CPO Futures traders can refer from the CPO Futures blog that we had finished the first quarter of this year with a gross profit of 117 ticks or equivalent to RM2,925.00 per contract size basis from the 15 stop and reverse trades. Click
HERE if you wish to see the stop and reverse trades for year 2016.
It seems that we have a good start for the second quarter but the focus is still on the stop and reverse trade signals that we wish to find a target level before we call it a day.
We will continue updating the stop and reverse trade signals until the end of year 2016. However, we will assume a job done once a certain profit target level is reached. For example, we may call a 50% rate of return as the target from a conservative seed capital of RM20,000 per contract size basis.
Therefore, with the above 50% assumption, we have already generated accumulated profits from the technical trend indicator with 117 ticks of profit as mentioned above and we just need another 283 ticks in order to reach 400 ticks accumulated profits or the 50% rate of return profit target from the RM20,000 seed capital based on one contract size basis.
We will publish the second post in this blog or update in this post once we have the stop and reverse trade signal that help accumulating profit of more than 400 ticks. Let's see when can we reach the target!
(20/5/2016 update: The technical trend indicator has basically reached its 400 ticks target.)
(26/5/2016 update: 360 ticks accumulated profits based on the stop and reverse signals.)
(30/6/2016 update: 405 ticks in 6 months, target hit much earlier than expected.)
(15/12/2016 update: Click HERE for the second post.)
