Mark of a decent system is one which keeps you in on a trending day (like today) and which minimises your losses on a sideways/choppy day. This system does the latter fairly well, but misses out badly on some very simple moves. Should've done better today, so I'm going to have to do more tweaking.
EOD Pip Report:
£$ -14 +100
€$ -26 +37 -9
€£ --
£¥ -14 -10 +100
€¥ 0 +100
$¥ --
total: +264*
*In retrospect, it wasn't a very good idea to be testing a trading system on UK Election Day. Anyone shorting sterling today will have made a killing regardless of how good a trader they are or how good their system is. These results are skewed by some exceptional moves this afternoon - a more usual day might've seen something alot closer to break-even after the earlier trades.
On the plus side, the entries got me in on the big moves and the exits didn't knock me out way too early, so it's a good start for the last incarnation of this system but it needs to be seen in context.
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement) or through poor personal judgment.
£$ -14 +100
€$ -26 +37 -9
€£ --
£¥ -14 -10 +100
€¥ 0 +100
$¥ --
total: +264*
*In retrospect, it wasn't a very good idea to be testing a trading system on UK Election Day. Anyone shorting sterling today will have made a killing regardless of how good a trader they are or how good their system is. These results are skewed by some exceptional moves this afternoon - a more usual day might've seen something alot closer to break-even after the earlier trades.
On the plus side, the entries got me in on the big moves and the exits didn't knock me out way too early, so it's a good start for the last incarnation of this system but it needs to be seen in context.
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement) or through poor personal judgment.
