Right, my forward backtesting is complete for my raw, no thrills trading...
My trade management was as follows:
No Break even - I either get a signal to move SL, or it goes to full SL
SL of 50 pips
Allow hedging trades as necessary ie taking ALL trades. This is based off the signal line (according to the EA)
SL moved to Brick High or Low (disregard Tails)
EA only ENTERS trades, no management of the trade, and TP is N/A
Money Management IS in play.
Results of 100 trades:
Start account $500
Min account $495
Max account $1156.13
End account $960.98
winners 41
41% win rate
winning pips 5770.2
average win 140.7
Losing pips 2331.4
average losing pips 28.78
Biggest lot traded - 0.04 (40c per pip)
Max win - 465.3 pips ($93.06)
biggest loss 51.1 (20.16)
max win streak 4
max losing streak 14 (within the last 18 trades for some reason!)
Max drawdown $206.25
Max drawdown from account high (17.8%)
Max risk on one trade 1.92%
So, there you have it, a baseline for the system... about 8 months worth of trades on the USDCAD, 100 in total, and a doubling of the account (or there abouts) with certainly ropey trade management!!!
My trade management was as follows:
No Break even - I either get a signal to move SL, or it goes to full SL
SL of 50 pips
Allow hedging trades as necessary ie taking ALL trades. This is based off the signal line (according to the EA)
SL moved to Brick High or Low (disregard Tails)
EA only ENTERS trades, no management of the trade, and TP is N/A
Money Management IS in play.
Results of 100 trades:
Start account $500
Min account $495
Max account $1156.13
End account $960.98
winners 41
41% win rate
winning pips 5770.2
average win 140.7
Losing pips 2331.4
average losing pips 28.78
Biggest lot traded - 0.04 (40c per pip)
Max win - 465.3 pips ($93.06)
biggest loss 51.1 (20.16)
max win streak 4
max losing streak 14 (within the last 18 trades for some reason!)
Max drawdown $206.25
Max drawdown from account high (17.8%)
Max risk on one trade 1.92%
So, there you have it, a baseline for the system... about 8 months worth of trades on the USDCAD, 100 in total, and a doubling of the account (or there abouts) with certainly ropey trade management!!!