Building a journal around the "Building An Equity Millipede" thread to evaluate the system. Post 1 will be for continual updates of the results, as well as a work in progress of important information.
Since I am trading from the United States, management and tracking of trades, similar to the thread will present a challenge due to US rules with accounts. Sub accounts will be used to allow trading a currency pair both long and short at the same time, as well as having multiple positions with the flexibility to close out a position after the initial position has been taken to cover losses and keep the account balance growing.
Starting capital = $20,000 broken down into 4 accounts to accomplish above flexibility.
Objective = Develop 5 mini lot positions per account, similar to discussion in thread. Additional accounts added as continued positions are added per pair, for closing early flexibility.
Metrics = How many trades does it take to develop one trending position? Pips lost (average) to develop each trending position or legs?
Instrument Evaluation
Updated Trade Log
Since I am trading from the United States, management and tracking of trades, similar to the thread will present a challenge due to US rules with accounts. Sub accounts will be used to allow trading a currency pair both long and short at the same time, as well as having multiple positions with the flexibility to close out a position after the initial position has been taken to cover losses and keep the account balance growing.
Starting capital = $20,000 broken down into 4 accounts to accomplish above flexibility.
Objective = Develop 5 mini lot positions per account, similar to discussion in thread. Additional accounts added as continued positions are added per pair, for closing early flexibility.
Metrics = How many trades does it take to develop one trending position? Pips lost (average) to develop each trending position or legs?
Instrument Evaluation
Updated Trade Log
Attached Image
Good work is the key to good fortune