I have been backtesting a trading method that I have discovered recently. I have backtested from Jan 2009 thru Feb 2011. This looks very profitable but this method only takes a maximum of 1 trade per day and some days there aren't any trades. I have attached the trading data and was looking for your input as to the viability of this method. I am looking for any input based on the statistics shown in the data.
2009 - 188 total trades
2010 - 178 total trades
2011 - 27 total trades (so far) roughly the same average as 2009 & 2010
Statistics I see:
1) 2009 & 2010 - approx the same number of trades
2) 2009 & 2010 - Target 1 hit 71% of the time
3) 2009 & 2010 - Target 2 hit 30 -35% of the time
Is there enough trades to be statistically significant?
If this was your method, would you trade this?
Notes: The method is based on trading 2 targets, once target 1 is hit the stop is moved to BE. Statistics are listed as if trading 2 contracts and also if I was to trade 10 contracts.