the 2019 account started off like a rabbit but is ending like a turtle.... little under 900 trades total which is low..... average trade length 42 hours which is high..... all in all, 2019 was average......
looking back at the trades from a highly critical perspective, one ratio in need of improvement stands out...... the average trade pips won divided by average trade length..... pips per hour.....
they say you can get rich on 10 pips...... that might be true if the average trade length is less than 24 hours...... however, if my average pips won is 10 and my average trade length is 120 hours, well i can do that average draw down in my head.....
there is nothing wrong with giving trades plenty of rope unless the need for it was brought about by throwing too big a loop..... limiting my counter trend trades should shave off considerable time, not to mention needless draw down.....
below is a simple script, goes in the scripts folder..... you can adjust the dates as desired...... it will display and print the values.....
//-------
my qualifying for topstepfx program is taking longer than i than expected.... step 1, you must make 50% on your account with certain conditions.... that took me 2 weeks..... in step 2 you must double the account while the certain conditions are twice as strict...... really thought it would take less than 3 months, but in my third month now.... would like to be done with it before 2020....
speaking of which, goals for 2020 will be doubled from 2019 also...... 20% return along with doubling my pips/hour ratio.....h
//------
looking back at the trades from a highly critical perspective, one ratio in need of improvement stands out...... the average trade pips won divided by average trade length..... pips per hour.....
they say you can get rich on 10 pips...... that might be true if the average trade length is less than 24 hours...... however, if my average pips won is 10 and my average trade length is 120 hours, well i can do that average draw down in my head.....
there is nothing wrong with giving trades plenty of rope unless the need for it was brought about by throwing too big a loop..... limiting my counter trend trades should shave off considerable time, not to mention needless draw down.....
below is a simple script, goes in the scripts folder..... you can adjust the dates as desired...... it will display and print the values.....
//-------
my qualifying for topstepfx program is taking longer than i than expected.... step 1, you must make 50% on your account with certain conditions.... that took me 2 weeks..... in step 2 you must double the account while the certain conditions are twice as strict...... really thought it would take less than 3 months, but in my third month now.... would like to be done with it before 2020....
speaking of which, goals for 2020 will be doubled from 2019 also...... 20% return along with doubling my pips/hour ratio.....h
//------
Attached File(s)
trade metrics.mq4
2 KB
|
228 downloads
trade metrics.ex4
8 KB
|
176 downloads
to trade and code, keep both simple... no call to impress....h