We were finally taken out of the market at 233.60.
Total pips for trade six was +304 pips.
Total pips for trade six was +304 pips.
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Would you trade this system? New system #2. 10 replies
DislikedThe toughest part about forward testing my system is when my trade is up 100 pips or more. I naturally want to close my trade. Back testing has shown that if I stay in the trade I will make huge gains but it is a mental challenge when forward testing with a live account. I know that I have created a great system and I must not let my emotions take over.Ignored
DislikedTrade One +134 Pips
Trade Two -61 Pips
Trade Three -66 Pips
Trade Four +73 Pips
Trade Five -30 Pips
Trade Six +304
Total Pips = +354 Pips
Avg. Pips Per Trade = +59Ignored
DislikedYou may or may not have a good system but dont fill up a journal with easily catchable bs. There is no psychology about you making any of these trades, I actually find it funny how much you are gruelling over no money trades. Stop wasting your time and everyone elses and just say what it is I do not know what you mean by this statement- there may still be value in it. Forex is hard enough not having to read bullshit. If you were trading real money I am trading with real money although I do not recommend it for people that are following my journal, trade 2,3, and 5 would have been double the losses I see what you are saying and was actually looking at this myself. I decided to treat a trade in which I reach my first take profit as two trades but one in which I do not reach my first take profit as one trade. I guess it does depend on how you look at it. considering you were entering on 2 lots and that is how you were calculating profits. Your system would still be on the plus with this last monster trade six, around +200 on six trades, still very good, although Max closed Trade Drawdown currently would be 254, but still worth testing further. I feel you may have a good system, just dont coax yourself into believing you are really trading it when you are not Again I do not know what you mean here as I am really trading it with real money- this attitude may make you change certain aspects unnecessarily to prove to a bunch of people you dont know that you,re making money. This bullshit gets in the way of progress, so just spare yourself it and everyone else. No offense and keep up the good real work.Ignored
DislikedThanks for your comments and no offense taken. See my responses in the quote.Ignored
DislikedThis is an open forum in which I am posting a journal of my trades. What more could my intentions be?Ignored
DislikedTrade One +134 Pips
Trade Two -61 Pips
Trade Three -66 Pips
Trade Four +73 Pips
Trade Five -30 Pips
Trade Six +304
Trade Seven -160 pips
Total Pips = +194 Pips
Avg. Pips Per Trade = +28Ignored
DislikedTrade One +134 Pips
Trade Two -61 Pips
Trade Three -66 Pips
Trade Four +73 Pips
Trade Five -30 Pips
Trade Six +304
Trade Seven -160 pips
Total Pips = +194 Pips
Avg. Pips Per Trade = +28Ignored
DislikedThanks fo your comments. You are welcome to calculate my trades as you see fit but as this is my journal please do not post your calculations here. As I have said earlier I understand what you are saying but for my research purposes I am calculating my pips exactly as I am posting them. Without getting too much into my reasoning it has to do with how much money I am placing on my trades. As I do not want to post the actual amount of money that I am placing on a trade I chose to calculate pips in this manner. Thanks again for your contributions.Ignored