100% Mechanical Trading Journal

Journal with Demo account to track my newest system.

I have been fine tuning this system for quite a while. My system is based on probabilities. It is 100% mechanical- no thought or analysis needed at all. I am now going to test this system on demo for at least a month. My aim is to make between 30 and 50% per month with very little risk and drawdown.

Risk to Reward Ratio: 1:3
Risk per trade: approx. 2%
Reward per trade: approx. 6%

Win Rate Aim: 60 - 70%

I only make one trade per day. (some days no trades at all)
I trade USD, EUR, GBP, JPY, CAD, AUD, NZD (total 21 pairs)

Starting balance $1000
Aim for end of month $1300 to $1500

I will start tomorrow.

Anyone is welcome to comment.

good luck on the journey bro

My best wishes for your journal!

Subscribed! Be sure to post some charts Best of luck to you.

Subscribed! Be sure to post some charts Best of luck to you.

Thanks everyone for your encouragement!

Trade #1

Buy EURNZD @ 1.45843
SL 1.45458 (38.5 pips)
TP 1.46997 (115.4 pips)

Chart H1

Unfortunately ask price missed my entry by a few pips. So no trade was entered. However TP level was hit.

Trade #1

Buy EURGBP @ 0.72297
SL 0.72154 (14.3 pips)
TP 0.72726 (42.9 pips)

Chart H1

SL hit

Chart H1

Trade #2

Buy NZDJPY @ 88.804
SL 88.601 (20.3 pips)
TP 89.412 (60.8 pips)

Chart H1

On my live account Trade worked our perfectly, however on demo price just touched SL. I seem to be getting different prices (and much bigger spread) on demo account even though they are the same broker.

No trade today as my system didn't generate a trading pair. Back tomorrow

Trade #3

Sell USDJPY @ 121.179
SL 121.378 (19.9 pips)
TP 120.583 (59.7 pips)

SL hit.

Not a great start, 3 losing trades. However I believe my system will become profitable soon!

Chart H1

Trade #4

Buy EURUSD @ 1.05381
SL 1.05094 (28.7 pips)
TP 1.06240 (86 pips)

Chart H1

SL hit. However TP was also easily hit, so after testing for a month I may find I need adjust my entry SL and TP a bit.

4 losses! no wins! a terrible start. I still believe in my system though and will continue testing till the end of the month. Lets see if it can start to make some winners soon!

Chart H1

Trade #5

Buy EURNZD @ 1.43768
SL 1.43298 (47.1 pips)
TP 1.45180 (141.2 pips)

Chart H1

SL hit. Another loss, but I will continue to the end of the month. I'm still confident my system will become profitable soon?

H1

Trade #6

Buy GBPJPY @ 178.661
SL 178.274 (38.7 pips)
TP 179.822 (116.1 pips)

Chart H1

Unfortunately price missed my entry, but easily hit my TP.

No trade

Chart H1

Trade #6

Buy EURGBP @ 0.71200
SL 0.71036 (16.4 pips)
TP 0.71691 (49.1 pips)

Again unfortunately no trade as my demo ask price just missed my entry- however on my live account trade worked out perfectly.

Chart H1