Following are my main conclusions from the testing:
1. The baskets almost always had a big drawdown at the start of the week, especially on Mondays. I do not have the specific numbers but is just based on my observations. I wish I had been able to document the profit/loss every hour from the time the basket opened.
2. The first few weeks I opened the baskets without setting a Stop Loss. I wanted to get an idea on what maximum drawdown I could expect. After 10 weeks I decided to use 2000 pips as a Stop Loss based on the lowest drawdown of -1872 pips in Week 1.
3. No matter how low the drawdown, the baskets almost always recovered a significant amount of pips. This is where I began to develop the idea of opening a second basket after a significant drawdown.
1. The baskets almost always had a big drawdown at the start of the week, especially on Mondays. I do not have the specific numbers but is just based on my observations. I wish I had been able to document the profit/loss every hour from the time the basket opened.
2. The first few weeks I opened the baskets without setting a Stop Loss. I wanted to get an idea on what maximum drawdown I could expect. After 10 weeks I decided to use 2000 pips as a Stop Loss based on the lowest drawdown of -1872 pips in Week 1.
3. No matter how low the drawdown, the baskets almost always recovered a significant amount of pips. This is where I began to develop the idea of opening a second basket after a significant drawdown.
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