JillyB
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Morning all. Another winner for Jilly last night. I'm short now at 45 looking for a return below 9900, stops above yesterday's highs
Morning all - yes it would have been a nice 20 pips this morning - except that I didn't trade last night. I wrote my entry and exit down for the system results but didn't actual put money on it. It was the retracement of the price from the high that made me hesitate but then again I shouldn't start 'thinking', I should just trust the system.
I rechecked some of my backtesting last night and decided that - if the trade isn't in profit between 7.40am and 8.00am, then I should just exit at break-even and not try to take a profit. This is where I've had a couple of losing trades recently that would have been break-even trades if this had been done. With this in mind the last 18 weeks (90 trades) would have been as follows (for the sake of testing an entry at 22.30 and an exit at 7.45am have been taken - so in actual trading it is likely that slightly better results would have achieved.)
90 trades
5 losing trades (5 x 48 pips = 240 pips)
23 break-even trades
62 profitable (1537pips total - nett of 3 pip spread per trade)
Nett profit = 1297 pips
divide this by 90 trades = av. 14.4 pips per trade.