EVP-2 FXE Euro Currency Trust ETF
FXE is the Currency Shares Euro Trust, Exchange Traded Fund and allows us to trade currencies in an equity/stock account. If you want to trade the Euro Currency and do no have a futures or forex account, you can still take advantage of moves in the Euro Currency by trading the FXE since the price represents the Euro Currency vesus the US Dollar.
EVP-2 is our favorite system and trades the Euro Currency futures and forex. How does it work on the FXE, the Euro Currency ETF? The results are below. We prefer to trade the futures or forex since the ETF version is only open from 9:30am-4:00 pm while futures and forex have 24 hour trading sessions.
Below is a screen shot of the Tradestation Performance Summary for EVP-2 FXE ETF, 1000 shares, going back three years with no slippage or commission. The stop loss, dollar trailing stop loss, and breakeven stop loss are all adjusted to the same point value as the futures and forex version. The futures and forex begin trading this system at 7:45am CST/8:45 am EST while this ETF does not open until the stock market until 9:30 am EST. As a result, some good trades are missed during this time period that are taken on the futures and forex.
The EVP-2 strategy has proven profitability in futures, forex, and now ETF’s.
This strategy works on both the NinjaTrader and Tradestation Platform.