What do you think about my trading method?

I learn trading from somewhere else and he teach how to trade out of range with elliot wave by 1k USD. His method wait price advantages and enter at retracement. After 1 year of trading, my result is like this



This year shall I continue this method of trading or dump this method into dustbin

Pay me some beer. I give u something better. Serious. Elaborate more on his method, the trades are too small to judge. But the loss doesnt look great.

Trade GU





Trade EU

Mind explaining how and when u take an entry? Is it entry on Fibo retracement? How u determine trend? The TP seems to be smaller than SL. If win rate is low, you end up losing more than u win.

Risk reward ratio is 0.75 : 1
Determine using the Moving average either crossing up or down on 30 min

Entry base on Fibo retracement

It's hard to judge base with such a brief information you provided. It may be a good strategy but badly executed by you. So, it's not fair to judge.

What is the win rate?
What is the possible annual equity gain?
How is the entry taken?
What MA to use?
How you apply the Elliot waves?
You enter on all retracement?

Your replies are bs, and doesn't help anyone who want to help you.

Although you had an annual loss of 4.6%, I think its not too bad if average annual gain are higher.

- For winning which claim around 70%. Result from 1 year is about 50%

- Possible annual equity gain is unknown.

- Entry is used when price on retracement

- MA using is 21 and 55 EMA

- I only pick 1 retracement either 38.2, 50 or 61.8

Why 21 and 55 EMA?

6 qn asked, 5 answered. And from the look of it. The failure is due to bad trader and a very common strategy u can find on the internet. This kind of money can help alot homeless old people. Wish u good luck bro.

if you traded that for an intire year and still not profitable you should stop trading it instantly!
you should also question your self if you are really following the rules of the system,
if you exit too soon? can have consequences, or if you sometimes do something outside of the system can make any profitable system useless,
I'm not really sure how your system works but to enter at the end of a retrace in a heavy trend is a sound strategy, maybe you are not executing it prooperly.
maybe the system is trash.

This strategy always find retracement in a heavy trend. Sometimes it will just get stoploss by trend reverse 100% like last year EU doing this thing for month and suffer quite big drawndown