I am feeling like we are about to hit a new high-water mark. It's been a long stretch of moving sideways, which is good. It shows the strategy breaking even after over 100 trades, that with a slight edge is exactly what one needs. Have entered new trades.
Hello kroxobor, what you see may look random, but is the result of over 19 years of trading currencies. Even if I was to only win 50% of trades, my reward to risk is close to 1.4 , so the strategy would still be profitable. Either a win profitability over 50% with 1:1 RR, or lower win % with hight RR works. I believe my strategy will continue to have both a win % over 50, along with an RR greater than 1:1
I am going to make some adjustments and take only higher quality trades. Looking over the past 3 weeks of trading, I have paid almost 3% in commissions and financing fees in the X14 account. That is almost 40% of the actual moves. I have figured how to lower that to about 1/4 of that loss, while lowering my exposure/ risk.