The Month Update - New Ideas, Computers, & Success?

Just a quick update here. First off I finally finished my new trading (& gaming hehe) rig yesterday. What can I say... ATI Eyefinity kicks ass. I'm going to get a LOT of use out of this new system. Its so nice to have something that nice and snappy, runs flawless, has 69" of HD screen space, and monitors that don't flicker on and off at will.


On the job front i've been applying at multiple prop firms in the greater Chicago area trying to land a "Junior Trader" or "Assistant Trader" position at a firm. Anyway I slice it i'm in a rut here in Omaha. Professionally, personally, financially - I need a drastic change. If anyone knows of firms looking to hire or job opportunities out there give me a shout!

On the subject of trading. Awais has been yelling at me for years about just trading off S/R and simplification. I'm making a concerted effort to do just that. I trade with 1 line on the charts these days and nothing else. The only reason I use that one line is to gauge momentum of a trend (i'm looking for steep fast trends to trade in). Beyond that my trades are bare bones simple - support coming resistance and vice versa. The result? Solid on sim (aren't they all?).

But the honest to god truth is once I started looking for this stuff something clicked and I have started to "see" this happening everywhere. I honestly think my ability to read price action has gone up about 1000% in the past two weeks. And that's in no small part to having no distractions on my charts. My only concern is that my risk:reward is a bit better than 1:1. However my win rate is above 75-80% thus far. We'll just have to see how it develops.

Anyhow, thanks for checking in and your continued interest in seeing i'm not dead, down, & out just yet.

Cheers!

Baby Steps to Context

My good buddy Awais (http://www.eminiplayer.net) sent me an email this week containing a blog comment by an excellent trader, Ziad. Ziad, among other things quintupled his trading account in a year and banked six figures last year. And i've heard hes cleared tens of thousands in profits on a single day this year so its someone I would heed advice from. If you'd like to read it (and I suggest you do) check it out here.

The point of his comment was that most traders endlessly (and fruitlessly) hunt "setups" to trade. More importantly they hunt setups with no pause or consideration to the context within which those setups are applied. I think he rightly points out this inherent characteristic in most of us and our seeming inability to take a step back and recognize this. So i've decided to make a concerted effort to add more context into my setup. However, I need to apply that context in a way that suits me.

If you've been following my progress (or lack thereof) for any amount of time you'll know that I like a solid trade plan and a rule set for my setups. I'm not the type of trader that thrives on just clicking orders in to the market off of feel and read and managing the outcome. However, I recognize that this attribute has also been a detriment to my trading success in some instances. For now I want to compromise with Ziad's assertions and my own personality and meet somewhere in the middle. This means adding context, but in a way that I can quantify, even if in some basic and rudimentary way.

The one setup i've been working on is nothing more than a minor pullback in a major trend. That statement alone requires more context in the setup than i've ever traded with before. It means I need to identify a MAJOR TREND. Not just any wiggle, not a range bound market, not some oscillator extreme. I need a logical read on the market that identifies only a major, almost spastic trend to jump on. For now if that means using 1 moving average on my chart to help my eyes see not only momentum but the strength of that momentum (how far price is pulling away from that moving average or falling back towards) then that is a layer of context, albeit basic and rudimentary context, that I can use in my favor.

That small bit of context is also something I have never applied to any of my trades. A trade was a trade was a trade and it didn't matter where on the chart it occurred, I didn't even look at how defined a trend was, or how much strength there was in a trend. While i'm sure many (probably including Awais & Ziad) wouldn't see this measure as the true extent of Ziads post it remains a start.


Baby steps folks... baby steps.

Incommunicado

Well i've been on "vacation" for almost a week now and i've still got a good week and a half left spending time with friends and family. Its been nice to take the pressure off and clear my head while I re-load for my next trading attempt.

I have a rough sketch of my entry (yes that's singular because for the first time pretty much ever I will trade ONE and only ONE setup). And yes... I think that is a pig you just saw fly by your window.

I'm also putting together a new trading rig (3 23" 1080p monitors via ATI 5870 Eyefinity technology, i7 cpu, 6GB ram) little Matt is going to be in charting heaven by the time the week is over! No more trading off of a single 15" laptop screen!

I will try and post some of my daily results this week if I get an hour or two to trade but don't hold me to it. As I mentioned before i'm still up in the air as to whether or not trading a set time period everyday or to a set dollar amount everyday is best. But in sim mode i'll be trading every setup along the way to get experience with the new trigger.

And since this blog is as much about my journey as it is about trying to help other aspiring traders get a leg up I thought I would share with you 4 threads that have been a big source of inspiration getting myself back up and ready for round 83 of this trading journey.

Here they are, these are my favorite threads from Walterw on TradersLabratory.

• Walter's Forex "Trend Trades"
• Playing with the VMAR's open research
• The Chimp's new "Futures Scalps"
• The Chimp's "Forex Trades"

I think all of the above threads have a lot of sound logic and glimmers of simple genius sprinkled throughout. Some of them are 30ish pages but there is a lot of good information in them and they are worth the time! I think there is a clear structure provided for a simple and profitable trading system in each one of them.

Looks like its about happy hour here so this is going to be my view from here on out.


Cheers!

Still Alive...

Just dropping a quick note to say i'm still working at my trading, albeit in a slightly more kicked back sort of way. I needed a little mental va-cay and to get away from the screens for a bit. In fact i'm going on vacation for two weeks the first of June to spend some well deserved time away from everything to re-charge the batteries.

In the mean time i'm working on one simple trade using almost nothing on the charts. I still think less is more and am trying to capitalize on that. The other thing is on the management side of things, both on the individual trade targets and possibly some daily goal targets. If 8-9 ticks is an easy target then why not take it? Why try and manage for huge runners each time if they never quite work and that +9 turns into a par or worse?

Also on the daily profit target... I need to make just 200.00 a day on average each day to match a 40k/year salary. That's 8 ticks in the 6E/J/S on two contracts. When you put it like that, why the hell do we all try and walk in a nail 80 ticks each day? So basically i'm trying to revisit and reevaluate everything in my trade plan and see if there are changes that might need to be made. You don't know unless you question it!

Dear Range Bars - We're Over

I've been really getting back to basics... deconstructing my rule sets and allowing the idea of flexibility back into my trading. One of the things I have been focusing heavily on is risk reduction. Which brings me to range bars. I really like the logic behind them but i've found that the reality of trading with them can be less idealistic than the portrait usually portrayed. If you listen to providers like EOTPro (nothing against them!) range bars are going to usher in a new wave of consistency and reliability for retail traders because its "new technology". But I have a few complaints.

Straight up - my entries surround an engulfing pattern of some kind. I want to see price close higher or lower than the previous candle. At the most basic fundamental level I see this simple interaction as an indicator of buyers and sellers shifting power. Not perfect, but I dare you to find a shift from buyers to sellers or vice versa where this doesn't happen - not to spoil it for you, but you can't because this has to occur for price to reverse. This in no way means that the pit isn't going to try and f**k with you or that your just getting faked in too early, but this pattern HAS to occur so i've chosen to focus on it as a baseline.

Now the tricky part is getting a shift at a "good price" where you can have a reduced risk profile. By definition a range bar is almost always going to get you in later because your requiring the market to move X amount of bars in favor before you get a confirmed close and a new bar. My hypothesis is that by getting in at the range bar price you're already too late to the party. It typically occurs after the move is already well established and doesn't have a lot left in it before it stops and backfills either to reverse or continue on. Either way its much harder to hold for gold when a position is against you than when you've got a stop at par. Period. End of story.

One of the blogs I follow continually is The Deucalion Viewpoint. What always amazes me about Sandy's performance is that he can walk in and nail 20 ticks like its nothing. And when you deconstruct his entries a bit you can see one of the key reasons he can do this is because his entries aren't late - they aren't after the move is already established its always right around the tipping point. He has small risk, and thus he can take her +15-20 easily out of a swing. Moreover, when things look like they are going to get nasty for you by being in "earlier" you are taking a minimal loss of a tick or two bailing on a position rather than a -7 tick loss.



Again, this is only theory but today in practice it paid dividends. I only traded two markets *GASP* (I know right?) the 6E and the 6B, was in and out with less risk on every trade than 1 normal trade off my range bar charts and got almost 2:1 on every trade. Now its just sim, and this is like trader 101 stuff, divergences and not fighting the trend too much with crisp entries and I can already tell you I think i'm done with range bars for good.

So moving forward i'm going to try and keep everything BARE BONES SIMPLE. A little divergence, some simple patterns and some logical management combined with a much better chance of getting more than I risk sounds like a fairly good recipe for now.

Cheers!

Bread & Butter

Today was the start of re-focusing on the "Bread & Butter" trade. The one that's supposed to be there and perform throughout it all. In all of my testing and trading there has really only been one setup that I find to hold up through it all and that's what I was focused on executing today.

And our baseline was like this:

NQ: +0, -9
YM: +13, -9, +18
6S: +3
6J: N/A
6E: +16
6C: -9, +11, -1
6B: +3, -1
6A: -9

Net Ticks: +26

Ummm yea. I've never been so underwhelmed by +26 ticks before. I think it needs work. 4 Losers and 4 Wins in a day isn't exactly what i'm going for. But I will say this - the new relaxed management is the ONLY reason some of the winning trades are approaching 2:1.

In a sidenote - the long anticipated trading documentary "Floored" started getting released in 10 minute increment episodes today. Check it out at http://babelgum.com/Floored

A Game Plan

Last night I had a long talk with Awais on all things trading... and came up with some "Ah Hah" moments during the conversation that spurred me onwards. Lets not forget that I had been legitimately making money on my live account until this past few weeks when I went off the deep end. I have one setup (my original pullback setup) that just works. So i'm going to just trade that and only that.

The "Ah Hah" moment was thanks to Awais who said he had changed his trade management. Awais never gets to par. At least not in the way most of us do. He will use a hard safety stop and then mentally observe price action and watch for ques that say it might be a good time to sacrifice the position. I get tons of pars, a lot of times on moves that tend to work and work well. But I don't participate because I remove myself from the signal after a measly 3-4 tick move in my favor. Frankly, that's noise in most markets.

I can't tell you how many times i've written in this very blog that I was "high ticked out" or "it kicked me out at par by a tick then went +20 in favor". So i'm going to be simming my one setup this coming week but relaxing the management HEAVILY. Not just on the pars, but on the exits as well. I need my setups to get greater than 2:1 and for that they have to be allowed to run big. My fear all along has been taking losses. Even the idea of -1 tick was revolting to me. But that has distracted me from getting wins, let along any big wins. I'll be much richer if I have a few 3-4 tick losses here and there rather than a bunch of pars if I can replace those pars with 15-30 tick winners.

So this week i'll be on sim trying to relax that management and see how it plays out. Depending on how it goes i'll go back to live next week.

Cheers!

An Update

Well I wish I could waltz in this week with stories of revised setups and success but i'm afraid i'm going to have to disappoint. I have never had such a quick reversal of fortune - from delusions of grandure Friday morning, to just delusions Friday evening, to desperatly scrambling for something - anything Saturday and Sunday, to outright failure Monday and today.

I have literally spent 14-18 hours in front of this screen for the past 4 days trying to come up with something - anything that looked like it might have a chance. What i've found has pretty much humbled me into submission. The setups I was using before all of this recent simulation shenanigans are still critically flawed with their risk : reward. If you shrink the risk you amp up the losses, and if you increase the reward you amp up the par efforts where +10-15 turns into naught.

I'm not giving up - if this blog is a testament to anything its that I keep taking the hits and finding something to spur me on my way. But I will say this - I haven't been this disalusioned with the past 5 years of this trading journey as much as I am right now. Typically when I fall I find something to latch onto that gives me renewed hope for profitability and consistency. This time? I'm still falling and haven't found anything to catch me just yet.

Sorry to have nothing to report to the influx of new followers to this blog just when things looked like they might be getting saucy but I just got laid out by reality and shes a cold hard bitch.

On Pause

While basking in my apparent glory late Friday I decided to code up my idea and visually automate the entries. Worked like a charm, but oh wait it started showing areas on the chart that for all intents and purposes I should've been in, but I hadn't taken the trade. Worse was that many of these areas were losing trades. It was an odd mix of trades that I had seen in real time and taken and trades that I had just ignored and not looked at.

I THINK that my mind was playing games on myself with pattern recognition. Backtesting I would see a certain pattern that had worked and then I would apply my entry and management technique, but if the pattern didn't play out correctly my eyes would kind of skip over the entry as if it wasn't there. Needless to say its a dangerous game to be playing.

What is curious is that my live sim results were so out of this world good. It was reinforcing this misnomer. But having the computer "see" for me and really looking at what is there has forced me to reconsider things. Needless to say i'll be on sim until I can sort this a bit better and prove it in real time. I'm still CLOSE but i'm no where near what I thought I was. I guess the Lamborghini is on hold for now.

All those Losses Catch Up

Its not as bad as it sounds, in fact I fared pretty well considering I couldn't do anything right this morning. Took two full stop outs in the YM and NQ and a bunch of pars in the other markets as I tried to gain some profitable traction to no avail. One loss I deserved as I was flat out wrong about price direction but the other actually was a low tick out which kind of seems to always sting a bit.

It just didn't come together as smoothly as the other days this week but this is all part of the game and is to be expected. The good news is that I really just need a few partials or a solid winner and i'm back up on the day. Unfortunately I only got one partial winner and it was in the NQ as well so I only netted +110 off the trade rather than +325 or something in some of the bigger pairs. But for the first time its nice to have a positive risk : reward trade potential so that even when things go wrong its not so difficult making it all better again.

As i'm writing this i'm short in the 6J and just peeled off my first contract at +9, and went to +3 on the second, so maybe this losing story might not turn out so bad after all. And oh wait it just filled at the secondary target for +14... so that's +325.00 in the bag and we are back up on the day!

Looking back over this FOUR DAY trading week (I was experimenting and refining Monday) the results are ASTOUNDING. They aren't just a bit better than anything i've traded before they are out of this world better than anything i've done before. On a per contract basis they absolutely blow out every single one of my results (sim and live) over the past two years in this blog.

Next week i'm pushing live with 2 lots on the smaller markets (NQ/YM/6B) and trading 1 lots in the larger markets to keep my $ risk 100.00 or less per trade. Wish me luck and check back to see how it goes in for real!

Trade Results (SIMULATION):
6 Trades, 2 Losses, 2 Wins, 2 Pars
Gross P/L: $265.00 or $132.50/per contract

Weekly Results (SIMULATION):
Gross P/L: $2123.75 or $1061.88/per contract

A Decent Day

We'll keep this short and sweet. Took a loss in the 6B, had 3 pars, and 3 winners. I have to say i'm really starting to gain confidence in these entries and the management. The entries are just soooo much more consistent than anything i've been using probably ever. I mean the Win/Loss rate forward testing so far is 80% for gods sake. If you include pars the trades this week are hitting 93%!

Now i'm not going to suggest that I know what the hell i'm doing or that I will make money using this when I go live (what a crazy notion eh?) but it does look promising. Today was a nice standard day that did not have the volatility we've seen the past few days this week. Most of my wins were in the NQ or the 6B but I still walked out with a decent profit. And its worth noting that i'm still walking out with a dollar per contract win much greater than anything i've been able to post up using my "old method".

Trade Results:
7 Trades, 1 Loss, 3 Wins, 3 Pars
Gross P/L: $375.00 or $187.50/per contract

Another Good Day?

Well... things continue to look promising here on my end. I had three winners today and a whole gwop of pars (7). Now as frustrating as it is to hit 5 pars in a row, that 6th trade was a +337.50 winner, another par, and then a +425.00 winner and then a par and a smaller winner at 5.00/tick in the YM for +115.00. Ummm... yea. Now I hate churning and burning commissions as much as the next guy but if when the trades do go your way you can cover yourself and then some off of ONE winning trade it becomes acceptable for myself.


As far as the actual entries are going the filtering process i'm trying to run the trades through probably won't ever keep. The raw format of taking all of these trades is kind of what makes it work. I don't know which one is going to break favorably, and none of the basic analysis seems to point to any definable correlation. Ideally i'd love to cut out half the pars and a loss here or there but that just may not be possible. For now, things look fairly good. In fact i'm pretty safe in saying that even on a per contract basis today's performance was about 2x's my best weekly result.


Trade Results:
10 Trades, 0 Losses, 3 Wins, 8 Pars
Gross P/L: $877.50 or $438.75/per contract

Progress Report: Refinement Needed

Didn't post yesterday as I was really trying things out more than actively trading. Today I took what I learned yesterday and went to work. I still have some work to do! Most of my time has been spent refining management, stops, and targets to find the best balance for the first target, getting to par, and ratcheting up stops on the positions.

The good news is I think i'm safe in saying i'm developing something worth while here. My results today had their fair share of losses (2), pars (5), and partial wins (5) and full wins (2). I think the entries are pretty damn salty and the management is getting close to being acceptable. And while I understand that these results are at 2x's the size, they still work out to be much better than my single contract results the past few weeks. So onto the results:

Trade Results:
14 Trades, 2 Losses, 7 Wins, 5 Pars
Gross P/L: $606.25 or $303.13/per contract

Now that's not too shabby right? But lets get a little more detail on this. First i'm going to be churning more contracts and more commissions than ever before. So i'd damn well better be able to offset it right? Today I would've accumulated $76.30 in commissions. Now there isn't really any way around this, but what I want to make sure is that i'm not spending $5.45 on a trade to get back $6.25 each time. There has to be some efficiency to the trades as well. Today on average each trade was worth $21.65, which offsets the commissions by nearly 3:1. Not great, but i've done much worse!

Lets not forget that today's results (while on Sim, and thus fairly useless for all purposes) is about 3x's the per contract winning days I have been posting up for weeks now. Which tells me one thing: this new revision is much more efficient!

I'm going to keep working and keep trading on sim the rest of the week and see where we end up!

Simplicity Defined

Today I stopped trading live and started a period of demo trading. While I find this frustrating I believe its necessary. Over the past few weeks we have eked out a profit here and there but a few things have become VERY apparent.

1. I'm carrying huge amounts of risk (9 Ticks Initial) considering my account size.
2. My winners are not larger than my losers.
3. I have a large percentage of par trades that are inefficient.
4. My entries are not precise enough (if they were I could use smaller stops).

New or old setups make no difference, the point being that there have been cracks in the armor and that sooner or later Mr. Market was going to crack. That's why starting today i'm going to start forward testing an idea based on the "How to Build a Trading Method" post from last night. I'm going to be looking to exploit areas on the charts where the novice money is reversing and having their stops blown out, or where stops are being trailed tightly and a reversal occurs to blow through them.

I'm also going to be trading under the assumption of a two contract setup with a fixed tick target for one contract, and a variable trailing stop contract for runners. I've discussed the issue with my broker and it should be no problem to go live trading the smaller markets (YM/NQ/6B) initially with 2 contracts as this is still less risk than 1 contract on the larger markets. But for the purposes of this forward testing i'll be trading all 8 markets for the experience and to test the validity of the setups.

This should allow me to do a couple things. On about half of the trades that don't exhibit large explosive moves I can lock in a take profits on half the position. Then on the other trades that do show the potential for runners I can get in and out with a profit quickly and use that profit to offset the potential losing outcome of the second runner contract in while still allowing me to catch the runners when they occur. The setups also requires a significantly smaller stop (6 ticks) which makes things MUCH more comfortable for me emotionally.

The hypothetical benefits of all of this are:

1. Less Risk (6 Ticks)
2. Statistically consistent initial profit (4 ticks)
3. The ability to catch big winners > 6 ticks

Here are a few of the signals from today.




Unfortunately the best signal didn't give me a fill but there was still money to be had. There were 6 trades today, all of which were either pars (2), partial winners (2), and runner winners (2). And all of this was achieved with less risk, more precision, more reward. And to be honest the signals are MUCH MORE SIMPLE. Not a complex rule sheet that's 8 pages long, just some good common sense rules that exploit the areas on the charts when the newbies are losing money.

Have a Great Weekend!

How to Build a Trading Method

The following illustrations were provided by edabreu on Traders Laboratory and serves as a source of great inspiration and logic when designing a trading methodology. I always find myself coming back to it time and time again because it just makes sense. Its a good thing to reference when things aren't going your way in the markets and has made me re-think a lot of my trading rules that have gotten me to where I am, and will force them to change more to advance my skills further.

Right now i'm trying to construct a much more simple method, one that rely's on two things: 1. The statistical probability of reaching a predefined profit target on 80%+ of signals. 2. The ability to allow for large runners with a second contract on the same signals.

What i'm really drawing off of for inspiration is the two contract part of all of this... if you follow Ed's blog (http://protradered.blogspot.com/) at all he constantly posts up blotters that look like this:


Ed's trades always are taking quick profits out of the market, and still letting half of his position "ride" for big wins. But what it equates to is that most of the time hes taking something out of the market each time, protecting capital and locking in gains, while still letting the possibility of large runners occurring.

One of Ed's best quotes is this: "Once you accept the fact that intraday trading is about statistical probability of the immediate future, and accept the fact that the immediate is often just the next price bar, then all trading becomes a focus on making money. If you can concentrate on just making money each time you enter a trade, and make your decisions focused on capitol preservation, then all decisions become easy." -Ed Abreu

So here are the actual "How to Build a Trading Method" slides Ed posted late last year.







Cheers!

Rough Day

Caught another couple of losses today. One was an outright loser, the other low ticked me out before working. I did re-enter and get the winner but it didn't do much to help the bottom line. The new setup hasn't really been panning out like I expected. Had I traded my normal "Bread & Butter" setups i'd be up on the week, but not by much.


One of the frustrating things is that i'm trading off the OEC Demo feed, and I built all of my rules trading off a true Range Bar chart. Well a couple weeks ago they started testing a Momentum Bar on the Demo feed, which means i'm now trading off Momentum Bars, rather than Range Bars these past few weeks. I have no recourse other than opening up a funded futures account with them which I don't want to do.

Here's the illustrated version to see what i'm on about if you're curious:


They told me today that they would be changing this on their next release which was coming "soon". It just kind of sucks because as traders we try and keep everything in our setups and approaches consistent, and then you have some outside force beyond your control waltz in and f*** it all up.

Trade Results:
3 Trades, 2 Losses, 1 Win
Gross P/L: $-82.50/per

Can't Catch a Break

Took another loss today on one of my reversal setups... just a NASTY head-fake folks. It happens, its the danger associated with these setups and there isn't much you can do about it. I did have one of my new pullback setups today that was a winner, however it was in the 6B so it didn't do much to stem the bleeding in my account.


This week is shaping up to be ugly - but its not over yet.

Trade Results:
2 Trades, 1 Loss, 1 Win
Gross P/L: $-40.00/per

Not Going as Planned

I was supposed to be rolling in cash this week remember? That new setup that was going to get me out to the strip clubs to make it rain? Yea, had another loss today. Certainly not the outcome I thought I would be getting but i'm committed to give it at least a week and let it do what I think it can do. If after that time i've seen no evidence of this performance i'll reevaluate things.

Trade Results:
3 Trades, 1 Loss, 2 Pars
Gross P/L: $-112.50/per

Pushing to Production Forces a Loss

So I pushed the final pullback signal to production today and what happens on the first trade you take with a new setup live? It looses of course! Seriously... I think i'm right in saying this little phenom has happened to me EVERY time I go live with a setup for the first time. Oh well, at least its out of the way? And honestly, I missed the par level by a tick... shit happens.

Took two more trades that ended up going for pars and threw in the towel. Its only day one and we've got a lot more trading to do this week!

Trade Results:
3 Trades, 1 Loss, 2 Pars
Gross P/L: $-120.00/per

Down But Not Out

First things first, I had a rough week, and i'm still only ending down 7 bucks gross. So we aren't talking disaster here folks. This issue was simply due to my double bottom / double top entries in my trade plan that cost me money this week. They have been removed and won't come back to haunt my profitability from this point forward. Today I had a couple pars and caught this (frankly scary) reversal pattern to the short side for +7. It came within 1 tick of stopping me out so I was more than just a bit relived when it finally dropped.


Here is one more interesting fact I was looking at today - since my trade plan revision 4 weeks ago, i've had only 4 losing days. Yup, out of roughly 20 trading days i've walked away a loser only 4 times. I'm sorry, but i'm astounded by that. It almost has an air of consistency about it doesn't it?

However today I did screw up and I passed on a winner in the 6E out of fear. I had just had that bumpy ride in the 6S and was feeling a bit sheepish. So there's the 87.50 I needed to bump me up into positive territory for the week gone - due to fear. Apparently i'm not perfect just yet.

The other thing I wanted to quickly mention was a little progress report on that pullback trade I talked about briefly yesterday. Today that one setup netted a bare minimum of +21 ticks in the 6J alone. And that's taking profit at +7/trade. As you can see each one of these signals ran at least +11 in favor. Could I use the extra 300-400.00 in my pocket? You bet. These kind of results have been coming in fairly consistently. In fact this week its given only 1 losing signal!

Honestly the only thing i'm really working on before pushing this to production is the trade management side of things and trying to gauge the best compromise between getting something out of the trade with a smaller target (+7) and letting them run further (>11) but hitting lower win rates. If you guys have any ideas i'm all ears!




Trade Results:
3 Trades, 1 Winner, 2 Pars
Gross P/L: $100.00/per

Weekly Results:
Gross P/L: $-7.50/per
Net P/L After Commissions: $-67.45/per
Win/Loss: 40%
Win+Par/Loss: 67%
Profit Factor: 1.05