Results for January are as follows. 8 trades. All winners. Up $10,097.29 for a 10.34% gain. See attached. Note. There will always be 1 share of QQQ and SPY on statement as it was a gift to my son that I hold in my account.
Wow. That is pretty good result for one contract. How many contract you hold concurrently? From your previous posts, you just trade ES, NQ, YM rt. or did you add other markets also? Anyway congrats on your first month. It was always nice to start new system with the gain. Sequence of risk is always the main risk for any new capital.
Still just trading ES, NQ and YM. My risk component will allow a maximum of 4 concurrent positions (so that would be 4 contracts with my current account size). While I am very pleased with the result, the true test will be when we have some different market conditions as stock indexes shot straight up in January.
Long NQ at 6877.25 for 30 minute bar strategy Trailing stop order at 6798.25 (will trail by close - (3 x ATR)) Limit order at 7092 Exit after 10 bars
Interesting ... you have a time stop. I assume that it is something your backtests/optimizations revealed.
The biggest Newb Error I observe [and have to warn myself of, constantly] is that Entry & Exit and Long & Short fill in a 2x2 square. So, Enter-Long____Exit-Long Enter-Short____Exit-Short As well, any counter-trade you might wish to work has its *own* 2x2 square interposed. So, trading a SPY trend on EOD basis, countered with an 1hr-cycled SPXS 3x bear, implies another, opposite, Long/Short;Enter/Exit condition for each of the original 2x2.... Yipes! It is, of course, very frustrating to see so many default backtesting set-ups that assume that an Exit-Long == Enter-Short -- merely because the order ticket might look the same, sometimes. With that said, one of the first things that would kill an Enter position for me (lots of looking, pondering, backtesting) is time-in-trade. One of the first things I look at is, how long were profitable signals (trades) running, whether long or short, or both. And similarly, how long were UNprofitable trades running? (We'd hope there to be a fine, regular, exploitable difference, of course....!)
And the epic winning streak ends with a small loss. Long NQ at 6877.25 for 30 minute bar strategy Trailing stop order at 6798.25 (will trail by close - (3 x ATR)) Limit order at 7092 Exit after 10 bars Exit after 10 bars at 6870.50 -$139.10