Steve, indeed over the whole month it must be good. I started halfway in this month. In general I see that systems which were doing good previously have challenges at the end of the month. Personally I thnik it is linked to the Holiday Season. I think your 33% is based from your wins at the beginning of the month.
Once again I think it is a great system and I will do more forward testing until I'm ready to go live with it. I would expect this t happen at the end of Januray.
For now enjoy your Holidays and thanks for sharing a great system.
Eric
Once again I think it is a great system and I will do more forward testing until I'm ready to go live with it. I would expect this t happen at the end of Januray.
For now enjoy your Holidays and thanks for sharing a great system.
Eric
Quoting stevietDislikedHi Eric,
Yes, you are right - it 'seems' to have been a difficult month for the system . Only 33% of trades closed have been winners, however still over 700 pips up at nearly 9% profit is a good month in my book. That also discounts the trade still running on USDJPY which has 224 pips profit booked.
It's a system that on the face of it can be disheartening as you can take a loss on trades that would have been in profit if you closed them earlier. However, by doing that you would almost certainly close early the trades that make the system what it is. On my old way of trading, I would never have kept positions 200,300,400,500,600, even 700 pips in profit.
As I said when I started out, my target is 500 pips a month and I will test for the full year. You have to be extremely disciplined and patient but if it works over the full year then I think I have stumbled on something that can work pretty consistently for people that simply cannot sit in front of the pc each day.
It's been another frustrating day on 4 of the 5 trades but when I stepback and look at the whole picture I think again and say, ''hey, it's working just as planned so far''. If I get a big month somewhere then that's a bonus but as long as it reaches my target over the whole timeframe the I'll be more than happy. Remember, 95% of people don't make it and I don't aim to be one of those even if I have to look again in 10 months time.
Kind Regards
SteveIgnored