My system is very simple, I don't use indicators, I only look for pin-bars. My profit is at some resistance or support level very far (30-40 ticks). 1 Hour chart. Maximum 4 trades every day (usually I do 1 or 2, even nothing if there is noise in the market).
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is this good or bad?
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is this good or bad?
well, I am with a demo, trying my own trading system (2 years of investigations, changes, frustration, even 1 month with a real account loosing money...) and this last 2 months I started to improve very much. I don't know if this is just casual or my system is really good (I hope so). I show you the profit curve since March 31. I started very good but then I tried to change things and my trading went very bad, so I began again with my system without those changes, and in 3 days I recovered what I have lost in 3 weeks. What do you think?
My system is very simple, I don't use indicators, I only look for pin-bars. My profit is at some resistance or support level very far (30-40 ticks). 1 Hour chart. Maximum 4 trades every day (usually I do 1 or 2, even nothing if there is noise in the market).Tags: None
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Originally posted by marcopicos View Postwell, I am with a demo, trying my own trading system (2 years of investigations, changes, frustration, even 1 month with a real account loosing money...) and this last 2 months I started to improve very much. I don't know if this is just casual or my system is really good (I hope so). I show you the profit curve since March 31. I started very good but then I tried to change things and my trading went very bad, so I began again with my system without those changes, and in 3 days I recovered what I have lost in 3 weeks. What do you think?
My system is very simple, I don't use indicators, I only look for pin-bars. My profit is at some resistance or support level very far (30-40 ticks). 1 Hour chart. Maximum 4 trades every day (usually I do 1 or 2, even nothing if there is noise in the market).
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Originally posted by marcopicos View Posthere are the data of my trading
But, do you really have the fortitude to trade a system that produces 3 losses for every win? Especially in the face of a potential 20 consecutive losers, as shown by your current statistics. That is the real question.Last edited by koganam; 05-16-2014, 12:08 PM.
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that's my problem. I don't know if this 20 consecutive looses are normal in a trading account, or having 3 bad trades for every good one is good or bad. With my strategy, every winning trade has a very high profit that gives me the benefits. If my final goal is to get profit, my system works. But I don't like having so much bad trades. What are the 'normal' numbers for a good trading system? how many consecutive bad trades? how many bad trades for every good one?
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Originally posted by marcopicos View Postthat's my problem. I don't know if this 20 consecutive looses are normal in a trading account, or having 3 bad trades for every good one is good or bad. With my strategy, every winning trade has a very high profit that gives me the benefits. If my final goal is to get profit, my system works. But I don't like having so much bad trades. What are the 'normal' numbers for a good trading system? how many consecutive bad trades? how many bad trades for every good one?
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Originally posted by marcopicos View Postthat's my problem. I don't know if this 20 consecutive looses are normal in a trading account, or having 3 bad trades for every good one is good or bad. With my strategy, every winning trade has a very high profit that gives me the benefits. If my final goal is to get profit, my system works. But I don't like having so much bad trades. What are the 'normal' numbers for a good trading system? how many consecutive bad trades? how many bad trades for every good one?
As a frame of reference, it is now well known that, in fact, the arguably, most famous trading system/group ever, actually used a system with a very poor winning ratio: one that has been put anywhere between 20% and 30% (about as low as yours). However, they were also willing to sit and take large drawdowns or accept large retracements that lost unrealized gains, all in order to stay in the trend for the big ones. I am referring to the Turtle Traders. Then again, they were very long term traders, with large capital behind them, so that system MAY or may not be viable for smaller accounts, and is almost certainly not viable if you do not have the time or wherewithal to wait out large drawdowns.
The point I am making, is that you may be asking the wrong question. The correct question to ask is: "Who am I, and what am I willing to tolerate, to get the kind of returns that I can expect?" If you cannot reconcile your intended returns to a system that you are comfortable trading, I am afraid that your real journey may never get started.
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thanks for your ideas. I did'nt know about the turtle trading system, but now I see is quite similar to mine, I will read more about it. I think I will continue in demo, trying my method and avoiding trading when the market is not in the "good places". I am confident of my system, I know that when I have a good trade, I will follow it until 100 or more ticks, and this single trade can balance my previous bad trades. But I would like to have less trades, much less.
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