Some interesting statistics for the last 20 sessions, looking at Big Ben opportunities on the FTSE100 Rolling Daily -
Trades = 18/20 (2 trades not taken because Big Ben Range >80% of ATR14)
Full wins (trades that reached BBR points beyond entry) = 8/18
Low BBR wins (trades that reached 3xBBR points beyond entry) = 2/18
Stopped out = 2/18
Trades expiring at US close (because Target or Stop not hit) = 6/18
Trades expiring positive at US close = 4/6
Time of break-out from BBR:
1000-1200 = 13 (8 wins, 1 stopped out, 4 expired)
1200-1400 = 2 (1 win, 1 expired)
1400-1600 = 1 (win)
1600-1800 = 1 (expired)
1800-US Close = 1 (stopped out)
Time Target or Stop hit:
1000-1200 = 1 (win)
1200-1400 = 3 (2 wins, 1 stopped out)
1400-1600 = 7 (all wins)
1600-1800 = 0
1800-US Close = 1 (stopped out)
Looks as if a break-out after 4pm not worth waiting for.
Points from 10 full winners + 2 stopped out = +320pts (av +27pts)
Overall av result per trade / 18 = +18pts
Overall win rate = 14/18 (78%)
Happy with this. Increasing stake size again next week.
Trades = 18/20 (2 trades not taken because Big Ben Range >80% of ATR14)
Full wins (trades that reached BBR points beyond entry) = 8/18
Low BBR wins (trades that reached 3xBBR points beyond entry) = 2/18
Stopped out = 2/18
Trades expiring at US close (because Target or Stop not hit) = 6/18
Trades expiring positive at US close = 4/6
Time of break-out from BBR:
1000-1200 = 13 (8 wins, 1 stopped out, 4 expired)
1200-1400 = 2 (1 win, 1 expired)
1400-1600 = 1 (win)
1600-1800 = 1 (expired)
1800-US Close = 1 (stopped out)
Time Target or Stop hit:
1000-1200 = 1 (win)
1200-1400 = 3 (2 wins, 1 stopped out)
1400-1600 = 7 (all wins)
1600-1800 = 0
1800-US Close = 1 (stopped out)
Looks as if a break-out after 4pm not worth waiting for.
Points from 10 full winners + 2 stopped out = +320pts (av +27pts)
Overall av result per trade / 18 = +18pts
Overall win rate = 14/18 (78%)
Happy with this. Increasing stake size again next week.