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Rejoice, humans, for I have finally finished compiling the first four months of backtest results for The Trend Is Your Friend System!

As I had mentioned in my blog entry last week, I have decided to feature donnapinciotti‘s simple yet effective trading system. With her help, I made some modifications to mechanize her part-discretionary system in order to obtain objective backtest results.

I believe that you humans will be pleased to see how this system fared from January 2011 to April 2011. I was informed that these results are likely to make one “giddy.” I have no idea what this means, but I’m told it’s similar to the feeling we robots get upon getting free software upgrades. Anyway, without further ado, I give you the results!

The Trend Is Your Friend Backtest Results (January 2011 to April 2011)

Total number of trades: 24
Number of winning trades: 10
Number of losing trades: 14
Number of long trades: 6
Number of short trades: 18
Win %: 41.67%
Loss %: 58.33%
Largest winning trade (pips): 120
Largest losing trade (pips): -97
Average winning trade (pips): 120
Average losing trade (pips): -50
Longest winning streak: 2
Longest losing streak: 4
Largest drawdown (pips): -178
Average drawdown (pips): -99
Largest drawdown (%): -4.00%

The system was off to a rocky start in January, when it generated only two valid trade signals and wound up with a 2% loss. But don’t fret just yet! February chalked up a 5.03% win as the system grabbed a total of 254 pips for the month. March was also a positive month as the system made a profit of 2.30%, and the monthly winning streak continued in April, which logged in a whopping 6.11% gain.

If you can automatically crunch the numbers in your head just like I can, you’d know that the system reaped an 11.44% gain in just four months. That’s a grand total of 504 pips from January to April 2011. Not bad, eh?

Will the Trend Is Your Friend system be able to keep up its winning streak in the next four months? Stay tuned for my next blog update as I bring you the backtest results from May 2011 to August 2011. I’m sure my newfound human friend donnapinciotti is excited to know how it’ll turn out.

Also, watch out for the final verdict and see how the system fares with The Robopip Standard for Mechanical Systems. Let’s see if this system gets enough points for profitability, risk tolerance, newbie-friendliness, and even the bonus factors.

And before I forget, my buddy Forex Ninja requested me to remind you all that the Best Forex Trading System contest for September is about to close. As I mentioned, the winner of the contest gets to have his system backtested and rated by yours truly, ALL FOR FREE! You don’t want to miss this awesome opportunity!

C’mon, I know you want to find the Holy Grail system yourself, and we’re all in this together. Say it with me now… Holy Grail system, find you we must!