Review of Tuesday: No trade Total # of trades = 16 # of wins = 8 Total profit = 18.25 + 4 - 0.25 = 22 (There was no slippage in this case but I deduct one tick to compensate for future possible questionable fills) Total Loss = 40.75 Win rate = 50% PF = 0.54 Trades for Wednesday:
Review of Wednesday: No trade Total # of trades = 16 # of wins = 8 Total profit = 18.25 + 4 - 0.25 = 22 (There was no slippage in this case but I deduct one tick to compensate for future possible questionable fills) Total Loss = 40.75 Win rate = 50% PF = 0.54 Trades for Thursday:
Review of Thursday: No trade was triggered. Total # of trades = 16 # of wins = 8 Total profit = 18.25 + 4 - 0.25 = 22 (There was no slippage in this case but I deduct one tick to compensate for future possible questionable fills) Total Loss = 40.75 Win rate = 50% PF = 0.54 The following signals are not based on key levels. The reason the key levels are displayed is because the entry points on many signals are not known at the time signals are generated. It is best to adjust the target and stops according to the entry point and key levels. Trades for Friday:
After 5 weeks trading, here is the (final?) update: Total # of trades = 17 # of wins = 8 Total profit = 22 Total Loss = 46.75 Win rate = 47% PF = 0.47 MarketDeception, R.I.P.
Looks like he got tired of having losing trades, so now he just has no trades. Give him a few months though, he may be able to claw back up to no loss. I doubt it, but anything is possible. I would personally like to inject something obvious for newer traders out there. Ask yourself, wouldn't a coin flip give better results than this? The truth is, yes. Since this system usually has a negative risk/ reward, the fact that it so consistently fails shows that is grossly out performs a basic coin flip. He would do better if he risked less than he could win, and just flipped a coin.
Review of Monday: No trade. Total # of trades = 17 # of wins = 8 Total profit = 22 Total Loss = 46.75 Win rate = 47% PF = 0.47 Trades for Tuesday:
If you are sure a coin flip gives you better odds than any given strategy, then you can reverse that strategy and get better than a coin flip.
I'm not saying a coin flip would give better results than any given strategy. I'm just saying that your strategy is so bad, that even a coin flip would beat it. You've already proven this to be true.