Attached are charts from the first 10 trading days of April 2007. These trades are strictly by close of price candle. I've only included the 1st 10 days because it took a lot of time to edit the charts to be non-discretionary, so there are no discretionary trades.
I have coded the files as such
April 27 2007 50 x100x76x76
Date Pips Cross 100, 1H stoch cross 76.4, 30M Cross 76.4
Also there are "b0" = bounce off zero "x0" = cross 0 and "b100"=bounce off 100.
Anything like April 27 2007 F40 means a failure and loss of 40 pips
From April 2 to April 13 there were 8 trades over 10 trading days...
5 trades gained pips(325)
1 trade broke even(0)
2 trades loss pips(-85)
This includes spread and rounding down to make the pips "even" numbers.
6 of the 8 trades were simple x0 or x 100 trades of which in all cases the stochastice were above 76.4 (long) or below 23.6 (short).
There are some arguable gains:
...April 13...the 1st breakout came on Easter weekend...trading without discretion would mean entering the trade on the last day before the weekend and carrying it over the holiday weekend...if you are opposed to trading over weekends and not following the system...then you lost 125 pip gain for not following the system....
....April 5....the breakeven trade was discretionary because there was no exit signal but a trader trading safely could have grabbed 20-40 pips and a trader watching the stochastics would have exited long before the breakeven and still gained pips.....at worst without discretion and waiting for complete reversal the loss would have been about 30 pips...
....April 10....this trade is based on MTF STochastic rules from my journal...it is not dicretionary if those rules are applied where there is an upward cross by both stochastics and well defined upward movement...so arguably these 55 pips are gained from early entry and only count as 20 pips when the price crossed 100 and the stochastics crossed 76.4 which is a non-discretionary entry...
Otherwise, all other trades are all closed entries and clearly identifiable.
A reminder, this is a breakout system. The first 10 trading days really haven't had any great breakouts...the highest being 125 pips and the next 80 pips. So, arguably this non-dicretionary method still shows we can trade for the breakout and not be suffering any losses while we wait...and we have gained a few pips along the way.
I have coded the files as such
April 27 2007 50 x100x76x76
Date Pips Cross 100, 1H stoch cross 76.4, 30M Cross 76.4
Also there are "b0" = bounce off zero "x0" = cross 0 and "b100"=bounce off 100.
Anything like April 27 2007 F40 means a failure and loss of 40 pips
From April 2 to April 13 there were 8 trades over 10 trading days...
5 trades gained pips(325)
1 trade broke even(0)
2 trades loss pips(-85)
This includes spread and rounding down to make the pips "even" numbers.
6 of the 8 trades were simple x0 or x 100 trades of which in all cases the stochastice were above 76.4 (long) or below 23.6 (short).
There are some arguable gains:
...April 13...the 1st breakout came on Easter weekend...trading without discretion would mean entering the trade on the last day before the weekend and carrying it over the holiday weekend...if you are opposed to trading over weekends and not following the system...then you lost 125 pip gain for not following the system....
....April 5....the breakeven trade was discretionary because there was no exit signal but a trader trading safely could have grabbed 20-40 pips and a trader watching the stochastics would have exited long before the breakeven and still gained pips.....at worst without discretion and waiting for complete reversal the loss would have been about 30 pips...
....April 10....this trade is based on MTF STochastic rules from my journal...it is not dicretionary if those rules are applied where there is an upward cross by both stochastics and well defined upward movement...so arguably these 55 pips are gained from early entry and only count as 20 pips when the price crossed 100 and the stochastics crossed 76.4 which is a non-discretionary entry...
Otherwise, all other trades are all closed entries and clearly identifiable.
A reminder, this is a breakout system. The first 10 trading days really haven't had any great breakouts...the highest being 125 pips and the next 80 pips. So, arguably this non-dicretionary method still shows we can trade for the breakout and not be suffering any losses while we wait...and we have gained a few pips along the way.
Attached File(s)
