Gentlemen/Women, Welcome to my trading journal! I intend on documenting the growth of my trading methods over the next several weeks (possibly months) in this thread. Feel free to criticize, give advice, or post funny pictures . I will not be disclosing exact methods, the occasional statement will be displayed (demo mostly as this is testing). I wish to develop mainly Money Management that fits with the Trading Strategy.
My method was developed off of past experiences using numerous methods, but key components for my strategy were inspired by the Similarity Thread, Buried Treasure, TZ's Basics by vlady, Similarity: A Practical Approach, a handful of traders, and God Almighty
So far my System has the following qualities and components:
Trading Strategy:
High accuracy 80% - 98%
Multiple Entry points for increased growth
Reasonably Accurate Entries and Re Entries (enters at tops and bottoms pretty well)
There is occasionally Large DD
Current Research remaining:
What is the maximum allowable holding time?
What is the maximum that price can deviate during that time?
Largest Loss in History? How many consecutive Losses have occurred?
Stats were based off of history with news, how does this strategy do by avoiding trades near news?
MM... that must take into consideration DD and the above mentioned Price Deviation:
Initial Lot size % based on Equity? That allows numerous Re-entries (How many Re-entries can be expected?)?
Maximum Allowable DD before closing all trades, or treating each trade individually?
Recovery method after a loss?
Personal Goals:
Gain more experience coding
Build an EA on the above System for testing only (I prefer Manual Trading)
Develop Greater Patience
Find consistency in this trading venture and help my friend in need
My method was developed off of past experiences using numerous methods, but key components for my strategy were inspired by the Similarity Thread, Buried Treasure, TZ's Basics by vlady, Similarity: A Practical Approach, a handful of traders, and God Almighty
So far my System has the following qualities and components:
Trading Strategy:
High accuracy 80% - 98%
Multiple Entry points for increased growth
Reasonably Accurate Entries and Re Entries (enters at tops and bottoms pretty well)
There is occasionally Large DD
Current Research remaining:
What is the maximum allowable holding time?
What is the maximum that price can deviate during that time?
Largest Loss in History? How many consecutive Losses have occurred?
Stats were based off of history with news, how does this strategy do by avoiding trades near news?
MM... that must take into consideration DD and the above mentioned Price Deviation:
Initial Lot size % based on Equity? That allows numerous Re-entries (How many Re-entries can be expected?)?
Maximum Allowable DD before closing all trades, or treating each trade individually?
Recovery method after a loss?
Personal Goals:
Gain more experience coding
Build an EA on the above System for testing only (I prefer Manual Trading)
Develop Greater Patience
Find consistency in this trading venture and help my friend in need
A Positive Mind, and Positive Spirit lead to True Happiness