Some quick looks show that for the data from these 22 down weeks, the optimum point for profit maximization would be an 81 pip straddle with 96 TP + 4 pip spread. This is with a given 100 SL. The SL determines the profits levels entirely.
If we assumed to use the same straddle to the upside of 81 pips then there would have been 27 trades triggered in the 22 weeks since we are allowed 2 possible trades per candle; one long and one short. 17 of those trades would have ended in profit. 17 X 96 = 1632. 1632 - 1000 loss = 632 pips profit.
632/6 = 105 pips a month for down trades. I'm not sure how I should feel about that. Are those pips more guaranteed than any other system? 17 out of 27 trades is 63% correct. Would power of compounding make those 105 pips a month worth a lot in a year or two such that we're not bored with making only 105 pips?
This is from a simple weekly system on down trades. I'm wondering what the results will be like when I look at a daily chart using a years worth of data. Will we be able to pull profits more consistently or frequently then that to produce 150 pips or more a month? I don't know about you, but I'm getting excited. I think a system such as this has more potential to survive the long run than most other systems based around emotion and chart reading. If we replace old data with new data to come up with new trigger and TP levels each week/day then it should keep us winning on the average for the current time no matter what type of trading is occuring.
Anyone disagree with me or think I'm finding my efficient trigger and TP points incorrectly? Matt
If we assumed to use the same straddle to the upside of 81 pips then there would have been 27 trades triggered in the 22 weeks since we are allowed 2 possible trades per candle; one long and one short. 17 of those trades would have ended in profit. 17 X 96 = 1632. 1632 - 1000 loss = 632 pips profit.
632/6 = 105 pips a month for down trades. I'm not sure how I should feel about that. Are those pips more guaranteed than any other system? 17 out of 27 trades is 63% correct. Would power of compounding make those 105 pips a month worth a lot in a year or two such that we're not bored with making only 105 pips?
This is from a simple weekly system on down trades. I'm wondering what the results will be like when I look at a daily chart using a years worth of data. Will we be able to pull profits more consistently or frequently then that to produce 150 pips or more a month? I don't know about you, but I'm getting excited. I think a system such as this has more potential to survive the long run than most other systems based around emotion and chart reading. If we replace old data with new data to come up with new trigger and TP levels each week/day then it should keep us winning on the average for the current time no matter what type of trading is occuring.
Anyone disagree with me or think I'm finding my efficient trigger and TP points incorrectly? Matt
- but what time (GMT) have you based your open and close on for the figures in the spreadsheet?