I've been going through the past month to collect statistics.
Still not sure if i am happy with that but it's all the information i am currently interested in.
I also added the idea of placing a second entry in order to make up for a potential first entry that failed, but then using the size of the setup's range (high to low) as the take profit target for that second trade. Here we would have achieved an 83.33 percent win rate for July doing so. 6 fails, where 5 of them could have brought back to break even for the affected day.
The success rate for reaching target after the first break and entry was 16 out of 22 (72,73%)
Statistics attached.
Still not sure if i am happy with that but it's all the information i am currently interested in.
I also added the idea of placing a second entry in order to make up for a potential first entry that failed, but then using the size of the setup's range (high to low) as the take profit target for that second trade. Here we would have achieved an 83.33 percent win rate for July doing so. 6 fails, where 5 of them could have brought back to break even for the affected day.
The success rate for reaching target after the first break and entry was 16 out of 22 (72,73%)
Statistics attached.
Attached File(s)
Probability-Stats_BillyBar-July21.txt
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