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today I will start Journal for one of my trading systems.
This one trades 3 markets on 2 timeframes.
Timeframes used: Daily for direction and 12H for action.
Orders are placed when setup is present. Setups are based on price action. For this system total of 9 setups will be used.
Action points are 11:00 and 23:00h CET. At that time orders will be placed.
Trade management is very simple and it will be performed on Action points, not before. So, idea is to have simple system and without much of work (about 5 minutes work on each Action point).
Markets will not be checked between Action points.
Bet sizing is done in R values, and R is 1%, meaning on each trade 1% of account will be risked (difference between entry and stop loss orders)
Size for order will be calculated based on that value.
There will be no open positions over weekend and holidays.
That is all for now...during my Journaling I will add more details.
Can you help answer these questions from other members on NexusFi?
Regarding historical testing.
Yes, I have done it..
Number of days 427
Total R return 261.24
Number of tradess 732
Number of wins 323
Number of losses 409 Strike rate 0.44
Average R win 1.87
Average R loss -0.84
Number of 1 R losses 315
Average R per trade 0.36
Number of wins above average R win 118
Max Draw in R 9.55
Duration of Max draw – trades 32
Duration of Max draw – days 19 days
R return / Max R draw 27.35
3 Cluster – wins 36
3 Cluster – losses 55
Max wins in row 6
Max losses in row 7
Percentage of new Equity peaks 14.62%
Percentage of days with new Equity peaks 25.06%