Open time 20-4-2017 16:08
Close Time 20-4-2017 18:16
Stop loss: fixed stop below lowest low
Entry and exit on a 15m(!) chart
Reason of closure: trailing SL got hit
Comments
Trade according to the system. Results are displayed on a 15m chart because I was not in time to be able to log it on smaller timeframe charts. The downmove was not that big (+-10 points). Setup got triggered so I took a position and price move immediately in my favour. But that didn't last long and price went down again as you can see on the two bars right from the green arrow. My SL didn't get hit and from then on I knew I had a good chance of having a massive winner. Price kept rising until it reached the montly 5440.00 level. So I put a trailing SL from there. Also 3 R had been reached so I had two reasons to put the trailing SL. Price went up some more but not that much and then the trailing SL got hit.
This is one of those big winners I was talking about. The new system got off on a bad start but this one trade is putting me back in the game. Still we will have to see the performance over a lot more trades. The journey continues.
Open time 4/21/2017 4:14 PM
Close Time 4/21/2017 6:04 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 5m(!) chart
Reason of closure: trailing SL got hit
Comments
Trade according to the system. The black arrow on the chart indicates price approaching the 5448.52 level so I put a trailing SL there. Price did bounce off of it and I got stopped out a few minutes later. Setup isn't really visible because it was not that big of a move and it's a 5 min chart.
Open time 5/2/2017 4:29 PM
Close Time 5/2/2017 4:57 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Followed the system, although price was hesitating for a while (after the big move) so I did not feel good with taking the trade, perhaps something to include for next time?
This trade looks like a winner but due to spread it's a very small loser. Had to put a trailing SL as indcated on the chart because price breached the 5631.15 level as per the system. Price stayed pretty much put but due to the SL being narrow I got stopped out.
Open time 5/3/2017 3:52 PM
Close Time 5/3/2017 4:07 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Followed the system. Did not put trailing SL near the 5620.00 level because I opened near it and new system tells me not to put one... Alas trade didn't work out and I got stopped out.
Open time 5/10/2017 4:13 PM
Close Time 5/10/2017 4:26 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: SL got hit
Comments
Followed the system. But it didn't work out. Price made a lower low though before entering something which I have observed is often a bad idea to enter then but it's not in the system yet.
Open time 5/11/2017 5:34 PM
Close Time 5/11/2017 8:01 PM
Stop loss: fixed stop below lowest low, later trailing SL
Entry and exit on a 5m(!) chart
Reason of closure: trailing SL got hit
Comments
Followed the system. And it worked out. I probably would have been stopped out a bit sooner had I placed my trailing SL at the 5660.78 level but I was not at a computer to do so at the time. Also it's not that that particular level had that much value yet because that level had just formed.
I was in time to place the trailing SL at the 5664.00 level and I got stopped out at a good level, afterwards price stagnated and never went much higher than the 5671.52 level.
Also the result chart is a 5m chart but I was also looking at the 5m chart instead of the 1m chart for detecting my setup because the initial big move was bigger than 25 points.
Open time 5/15/2017 4:08 PM
Close Time 5/15/2017 4:43 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Followed the system but a losing trade. One remark to make is that price first made a higher high before triggering my setup, something which I repeated many many times is usually a bad sign. Will most likely have to include this in the next iteration of the system.