Journaling: Having traded for nearly 20 years on and off, markets continue to prove they are iterative or repetitive. Whether using a smaller timeframe or larger timeframe, you will see identical patterns in repetition. Given the majority of markets are electronically traded, suggests or has even been demonstrated machine trading, using predefined algorithms, control the timing and direction of trade - especially during RTH sessions.
My need to journal is for purposes of accountability, testing, and to verify that the ES, preferred market for liquidity and order fills, can be successfully traded in automation. While I cannot share the algorithm, I need to determine whether or not I can trust it with real money. Journaling my progress in trading the ES in automation, is a desperate desire to prove to myself whether this is a bag of wind, a willo-the-wisp or can at least generate a Profit Factor greater than 1, an Average winning trade ratio at least 2x larger than Loss.
I will post daily if and when possible depending on my wife's needs -- due to my wife suffering with Stage 4 cancer, it is my job to keep the home, cook and clean when I am not working.
One final note: many critics of automated trading at the retail level are quite vocal on the seeming impossibility. I, too, thought the same way but have had a change of mind over the last 3 years via trial and error. Therefore, this journal will serve as clear evidence to myself whether or not it is possible. I do NOT wish to convince anyone else. Each to his own. One must have confidence in his/her own system or style of trading.
The algorithm used is "always in the market" assuming that a short failed trade is followed by a successful longer trade. Renko is used to define 'sensitivity' to market turns so that an average successful trade is 2x greater than its previously failed counterpart. No SL is used or trailing profit in the algorithm.