I am starting a Journal here to see if it helps with my trading. I have been Demo trading for almost 1 yr and have been sucessful to a point. I am using small initial capital, and plan to bring it up as much as possible. The reason for this is I will be starting a live account with a small amount of capital. I am using IBFX so my account expire after a month. I will use the last balance from one account to start the next. I have a Full time job and a Family, So I like EA's and longer time frames. I look at my charts first thing EST time and when I get home.
My first 4 weeks:
http://www.hostimage.org/img/43372.jpg
Gross Profit:1 526.16 Gross Loss:319.30 Total Net Profit:1 206.86
Profit Factor:4.78 Expected Payoff:10.49
Absolute Drawdown: 0.00 Maximal Drawdown: 122.34 (13.70%) Relative Drawdown: 13.70% (122.34)
Total Trades: 115 Short Positions (won %): 63 (95.24%) Long Positions (won %): 52 (98.08%)
Profit Trades (% of total): 111 (96.52%) Loss trades (% of total): 4 (3.48%)
The start of the second account:
http://www.hostimage.org/img/7395617.jpg
I will try to post some of my trades and methods here. I do not have as much time as I would like so it may be infrequent.
I have read many of the Threads here and I am using several of the methods in my trading. My Money management ideas have been developed from reading this forum and have helped greatly.
I am using Firebird 63G, Mouteki's Method, and finally The Daily Fozzy Method. I hope this goes well, as it is the testing for a live account.
And as they say, On with the show....
Labrat407
My first 4 weeks:
http://www.hostimage.org/img/43372.jpg
Gross Profit:1 526.16 Gross Loss:319.30 Total Net Profit:1 206.86
Profit Factor:4.78 Expected Payoff:10.49
Absolute Drawdown: 0.00 Maximal Drawdown: 122.34 (13.70%) Relative Drawdown: 13.70% (122.34)
Total Trades: 115 Short Positions (won %): 63 (95.24%) Long Positions (won %): 52 (98.08%)
Profit Trades (% of total): 111 (96.52%) Loss trades (% of total): 4 (3.48%)
The start of the second account:
http://www.hostimage.org/img/7395617.jpg
I will try to post some of my trades and methods here. I do not have as much time as I would like so it may be infrequent.
I have read many of the Threads here and I am using several of the methods in my trading. My Money management ideas have been developed from reading this forum and have helped greatly.
I am using Firebird 63G, Mouteki's Method, and finally The Daily Fozzy Method. I hope this goes well, as it is the testing for a live account.
And as they say, On with the show....
Labrat407