Please comment on my performance

I need experienced traders to comment on this thread based on the attached file


Attached is my trading history for nearly 4-5 months. I have started to test a Swing strategy on July. I am not new to forex. So please view that and answer these questions + give your own comments


1) Is 2 lot too small?
2) That is a demo account, will i repeat the same results using my strategy??
3) What do you think about my perofmance?

Results are good, you have held them over a period of time and allowed them to grow but here is your problem.

5 months, 5 closed trades and 2 open. Not alot to work on to determine long term profitability plus its demo so the real test is holding your nerve over the live period. I can open a position on demo and walk away as there is little to worry about, its not real $ bouncing up and down, Live is different because you see those little areas between the swing that trades get held up on and your emotional side can play havoc. Fear and Greed.

Now to answer your questions. Lot size is dependant on the size of your account and/or the amount of nerve you have. 2 lots for a swing trader on $10,000 might be a bit extreme depending on your SL placements. For example a 50 pips SL at 2lots = about 7.5% or more. This would explain your gains but when a string of losses occurs you will find it impacts, especially if you lead off with it. In your statement you had a phenomenal gain which helps as that gain essentially means the risk is less in terms of % of account. It took me a while to get to a comfortable 2-3 standard lot and that was more psychological in terms of the amount it represents in a trade. Seeing green pips at higher lots can be easy than red, but taking profits in those little hang up areas may be one of your hardest obstacles.

2) Will you repeat it. To be blunt, if your worried about repeating past results then I would demo longer. Live trading is not about repeating amazing feats, it is about a constant grind to ensure your capital is protected and growing, that you don't get sloppy and that you encounter losses as just another day in the office ie you accept it and move on. Replicating past results is unlikely, you can either succeed, fail or remain the same but gaining 95% out of 7 trades is not going to happen, well not always. Overcome your live emotions before worry about replicating

3) You performance is solid, you got some good runners that helped, they always will but you WILL encounter sideways markets where you take losses, BEs and have to be prepared to accept the small gains. Baseball is a game of singles and doubles with the occassional homerun, generally the team that puts guys on bases more often will score more often. Trading can be the same. I look at performance on a monthly, quarterly and annual basis. I review trades on a weekly basis (if there are any) to learn but your sample size needs to be greater than 7 trades to draw any conclusion.

Now I am not over the top successful in that I don't swing a million dollar bat, trade for a large fund or do it as my only source of income but I have been doing it for about 7 years, 3 of those in a live environment. Take advice with a pinch of salt but I think even you would know that you are not ready to take on a 10k account and trade it at 2 lots.

RT

5 trades are totally irrelevant. Even a random system could achieve that performance. You need to see how it performs over a larger number of trades.
Lots are irrelevant. The size you should trade is dependant on your largest historical drawdown and how many percent you want to be in drawdown with real money, but since you only have 5 trades it's hard to say something about that. To your second question: depends on your personality and your strategy. You could repeat the results if you have the stomach and if the strategy is good.

Wouldn't say irrelevant, at least he knows how to use the trading program and understood the rules of this swing strategy
But it's definitely not much data; fx learner, why don't you backtest the strategy - and analyse the results of at least 50 - 100 trades. The more the better, span them over (at least) 1-2 years if you can.