short-term results should never impact a trader. In theory. But in practice, we all know how easily our trading psychology is impacted by the next trade or two.
When you first introduce a trading system to the public, starting with a winning streak is not a must but it is certainly welcomed. And that is exactly what the Ultima EA achieved in its first 2 weeks of trading. First impressions always seem to carry more weight than they should.
This article reviews the performance of Ultima EA in its first 2 weeks. It also explains the importance of long-term results and why short-term results must always be placed and reviewed within a long-term context.
By the way, you can read our Ultima EA announcement if you missed it before.
The Ultima EA been open to the public for a full 2 weeks now. Although we have been trading the Ultima EA live for more than 6.5 months, we only opened up the doors recently because we wanted to be able to show a decent live track record.
The Ultima EA made a decent start – see image below:
The performance of the first 2 weeks showed multiple positive numbers:
Obviously we are satisfied with the results, especially when taking into account that the markets are usually slow at the beginning of the year. But we always remain focused on the long-term (see next part).
Traders often make the classical mistake of judging and evaluating a system based on a small amount of data like 2 weeks of trading or a small series of 10-20 trades.
In reality, these short-term results do not say anything about the system or its long-term performance.
We are happy that the system started off with a win streak. But we want to emphasize that this is not the correct perspective for evaluating systems.
If you decide to trade the Ultima EA yourself and you join FXDD in the month of January, then you will receive a deposit bonus of 10%.
Remember, the profit share module in combination with no up front costs and a low minimum deposit will only be available shortly.
We advise you to sign-up in January if you want to claim a spot before we close the doors.
Many green pips,
Mislav Nikolic and Chris Svorcik