Summary of 20 trades
| Total Trades | Wins | Loss | BE | R return |
T1 - Trend Continuation | 9 | 2 | 7 | 0 | -3.3 |
T2 - Trend Reversal | 10 | 5 | 4 | 1 | 5.45 |
T3 - Outright Reversal | 1 | | 1 | | -1 |
| | | | | 1.15 |
Interestingly, I have found that my T2 - Reversal trades, for this particular 1:2 RR passive trading has yielded much better results.
Clearly I should just trade T2 only right? well yes, and no.
Data is valuable, and clearly I am a serial loser with my trend trades, so I have to figure out a way to improve this. For me to do in the future, but in the immediate future, T2 is the way to go!
Throughout this experiment I was beginning to see this develop, that these trades had far better potential. Why is that?
- I was better at getting in on a level on these setups, which offered better RR
- T1 trend trades, my entries had to get a lot better, I was getting in late
By early September, I had already ran some numbers on existing trades which meant that by the 6th September when I was
+5.42R, I had actually managed to increase my R to +
11.34R with a small tweak in my system. This was super exciting.
How did I increase my R by so much? Well, unfortunately you are not going to like my answer because 'it really depends on your strategy' and you will know (or should know) this better than anyone. My suggestions would be:
- Entries, you have a screenshot of each trade before / after a trade concludes
- Look at your TP levels
- Look at your SL levels
There really is no shortcut, it can and will take hours, depending on how thorough you are being.
One thing I will say - only change one parameter at a time to see the effects of the change.
Guys you do not have to be a genius or excel guru or a programmer (I am none of those things). Just ask yourself, can I improve on my entry? now go back over each of your last trades to see what the effect would have been. Etc. etc. It is tedious, but I can tell you that when I increased my R with just one single factor, this is the AHA moment and I had literally just found a way to make MORE MONEY but NOT DOING MORE WORK (the work was the analysing of the previous trades).
Your trading progress really isn't done on the Live Charts - it is through painstakingly understanding your strategy and optimising it.
These days, the review of my trades is actually more exciting than executing my trades - you are just trying to find ways of making more money by doing exactly what you're already doing.
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Trading T2 only
So if I just traded my T2 - Trend Reversals, I would be
+5.45R
If I traded T2 - Trend Reversals + made my slight adjustment which I discovered through personal analysis, I would be
+9.68R
Basically just doubled the return with a very minor tweak.