Overall April was a great month for me in all regards: I'm very pleased with a 4% profit, and I thought I traded well. One mistake I made was not being at the computer to capture an opportunity that would have brought me an additional 0.75% in profits. I also refined my approach so that if I am above 0.5% risk, it must be across multiple currencies that are not directly correlated (i.e. USD/CAD and GBP/NZD). Moreover, to be at 1%, I must also get pullbacks that fill entry orders. Given these pre-requisites, I'm rarely at full 1% risk. Being between 0.25% and 0.75% is more likely. But with 3:1 reward/risk, this can help me achieve the returns I'm looking for.
The table below illustrates the trades I placed for the month. Overall I placed 16 trades; 6 were losers, 2 were breakeven, and the remaining 8 were winners. A win rate of 50% is the highest I've had this year, which I think is a reflection of two factors: (1) luck and (2) more discipline in trading only off the 4 hour chart and in accordance with the aforementioned risk parameters regarding trading non-correlated currencies and placing a greater demand on entry orders.
The table below illustrates which currencies I traded and my average duration per trade. 
Here is a recap of my monthly performance YTD. 
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April: Up 4.02% For The Month; 6.23% YTD
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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