Disliked{quote} Hi Idd, below is backtesting data that I did for April and May. without using any filter. With the distribution of the data below, it is true that if there is a loss then profits for a few days will be lost, but im sure we can recover losing trade by compunding... {image}Ignored
Stats: Well, i just did that for the last good month for GBP/USD trying to apply the basics rules given here to me for the 08:00-15 Breakout Setup.
From these stats at least i can't see how a +5 on average per day would have been achieved trading only GBP/USD 08:00-15 Breakout Setup.
Its a huge different if there is a +5 on average to make on a retrace, second, third trade BUT what kind of risk you have to take here to do so?
With the losers and passed trades (filtered with the SMA, not in the rules, Lem advice) i can't see how you would have gotten out positive by taken these 30-34 trades "only" for a target of +5 (well actually more like 7 Pips to compound for spread and commissions). I think some of them not reached the +7, would have to check again.