JillyB
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A losing streak longer than the maximum of 3 you quoted?
You’ve come to the right place…![]()
Overall pips for the year don’t do much for me, I’m more into the microanalysis of which each day looks like. What jumps out at me, is the R:R. You’re risking more than you’re planning on taking out on each trade. Without knowing the Pwl it’s impossible to judge for sure.
Looks pretty horrible. Your 38 pips/loss stacks up, but what happened to the +30 pips win target? It’s only averaged 20 on this data.
As I say, without knowing the Pwl it tends to look somewhat like having a maximum potential of being a 75% winning system with a 20 pip profit and a 38 pip loss. +1500/-950 = +550/100 = +5.5 pips/trade, not 17.
Jilly, I know you have a number of other strats on the go at any one time….
The losing streak was at the end of March and into April. Although you would have no more than a maximum of 3 losing trades in a row, you may then only have 1 winning trade before you encountered another losing one.
Not sure where you get the 20 pip profit
With regards to the r:r - my overnight trading system has similar r:r but with a good win ratio it doesn't do too badly. I can average 30 -35 pips per week from it, which to go with my daytime strategies is very welcome.
The 17 pips I mention for the new system though, is net average pips per week taken over 9 months (39 weeks) - not 17 pips per trade.