53,000 pips over 12 years.
Thats 4417 pips per year.
However, the trading is over 22 currencies.
That averages to around 200 pips per currency per year.
Which is around 17 pips per month per currency.
How many of the currencies are correlated?
What is the largest aggregate drawdown over the 12 years?
What is the average time that trade is kept open? (These days, I prefer the longer plays rather than frantic intra-day stuff)
How much you asking for? (do you accept magic beans as currency?)
thanks
Interesting comments and with regards to DB - it just shows how bad they are at trading ;-)
I very much appreciate if you are dealing with billions and you have consistency of an average 4400 pips a year - just on a say half a million dollars a pip - its billions of profit.
But for a retail trader - an average 4400 pips a year - ie just approx 100 pips a week if you include holidays etc.
100 pips a week and 400 pips a month consistently is OK - but hardly good ?
If you average the movements on the main currency pairs - on daily ATR's on say 240 trading days a year you are talking 24- 25000 pips a year on just one pair and on all movements over say 5 pips then total is easily over 35000 pips - per pair - per annum.( yes that many)
So for the automated guys with great systems ( ie not the $199 ones ;-) ) they should be looking at 20 -30% of these totals - ie somewhere between 6000 and 11000 pips per pair per year.- Not like DB's 200 -250 pips per pair per annum
For full time manual traders averaging only 8 hrs a day ( although the key 8 hrs of the 24 hr trading day ) we are not going to be catching all movements - but still 6000 to 10,000 pips of one pair you might major on is still possible and is nothing special at all if you trade 2 to 4 currency pairs a day.
To actually have to trade a large number of pairs ie 20+ is just so inefficient - but there again typical of commercial investment type trading.
Commercial Forex Trading and Retail Forex Trading are just "chalk and cheese" - ie different ball games played with different rules
I would not be interested at all with any Bank method - as it would just not live up to my own particular methods - designed specifically for trading with accounts under 100k or quarter a million maximum.
However - If I do have a £20 or 50 million capital account in the next 10 years - then over to the commercial ball game - and I might then think even at £50 grand DB and other banks methods make a lot of sense
Regards
F