FOREX TECHNIQUES DETACHMENT ALPHA or FTDA for short.
To Keep track of my trades. That is all there is to it.
This is the location of Forex Techniques Development Group. Where i brainstorm/develop/adapt forex techniques.
Here, at the FTDA(forex techniques detachment alpha), is where i keep track of their performance. I dont want too much clutter all in one thread. Anyways, those techniques will be judge on accuracy of PT, sufficiency of SL buffer, r/r, frequency of occurrence, ultimate success/failure rates, and BE frequency.
Accuracy of PT is worth +1points.
SL buffer: -5pips = 1 point, -10pips = 2 points, etcetera.
R/R depends on the ratio. r/r of 1:1 = +1 points, r/r of 1:2 is worth +2 points, etcetera.
Frequency of occurrence is arithmetic based. 1 = +1 points, 2 = +2 points, etcetera.
Success/Failure = +1/-1 points.
BE frequency is also arithmetic based; 1 = +1points, 2= +2 points, etcetera.
All this will give me a handy, ready to reference hard data in fine tuning various aspects of my trading evolution.
That said, here are the methods: http://www.forexfactory.com/showpost...3&postcount=25
To Keep track of my trades. That is all there is to it.
This is the location of Forex Techniques Development Group. Where i brainstorm/develop/adapt forex techniques.
Here, at the FTDA(forex techniques detachment alpha), is where i keep track of their performance. I dont want too much clutter all in one thread. Anyways, those techniques will be judge on accuracy of PT, sufficiency of SL buffer, r/r, frequency of occurrence, ultimate success/failure rates, and BE frequency.
Accuracy of PT is worth +1points.
SL buffer: -5pips = 1 point, -10pips = 2 points, etcetera.
R/R depends on the ratio. r/r of 1:1 = +1 points, r/r of 1:2 is worth +2 points, etcetera.
Frequency of occurrence is arithmetic based. 1 = +1 points, 2 = +2 points, etcetera.
Success/Failure = +1/-1 points.
BE frequency is also arithmetic based; 1 = +1points, 2= +2 points, etcetera.
All this will give me a handy, ready to reference hard data in fine tuning various aspects of my trading evolution.
That said, here are the methods: http://www.forexfactory.com/showpost...3&postcount=25