Okay so this is the first major review of a system I have ever done. It is with 2 months of data. There is 140 trades though. I think it would be more statistically relevant if it was around 500, but this is what I have.
Starting with the session set profit loss, it looks as though my gains appear to come from trades that are set in the EURO/US overlap. If I set them later in the US session they appear to be losses. Probably because the move has already occurred. Don’t know if this is important though because my trades last on average 13.72 hours.
Profit loss per session triggered. This appears to take losses during the Asia/Euro overlap. I think there are a lot of fakeouts here that trigger order but then reverse.
Profit loss per session end. New York and Australian seem to be the winners here. The Toyoko appears to create losses for me. The Australian is due to a weekend gap that triggered a bunch of TP’s so it is not too relevant.
My short long seems to be skewed at 65% short and 35% long. I don’t think this means anything.
Trades set and taken are shown. I am going to try to keep the weekly number close to 15.
Weekly starting balance is shown. I am above breakeven but have lost some profits to the commission.
Taken at market is show. Most of my trades are set but it appears the ones taken at market are more profitable…… Not sure what I think of this.
Next up is total gained lost per trade time. It appears I have heavy losses if my trades last less than 5 hours. The sweet spot appears to be 5 – 25 and again 50 – 65. Not sure how to analyze this but it means that I need to ensure my trades are >1 session if possible.
I calculated my Risk ratio to dollars gained/lost as a scatter graph. I don’t know how to analyze this. It appears I am good at keeping the SL’s where they should be and not moving them. Also shown as a bar.
Profit loss shown from the SL as % of Daily Range is next. This is kind of messy but I do see the area of around 28% - 35% or so as being a sweet spot. Not sure if this is statistically relevant though. I made a car as well as the scatter. I think the bar shows what I need though.
Win/loss percentage is next. 59 % loss and 41% win. However also shown is average win/loss. Looks like my average win is near 7$ where the losses are 4.5$. This puts my risk to reward at 1.52 and my expectancy .0316……
I have fields where I calculate the price of the ducks and the entry trigger and SL as seen below. Can anyone think of how I can use this data for some good???
Entry Price TP Price SL Price H4 duck price H1 duck price M5 duck price
1.11964 1.11655 112.21200 113.07500 112.02200 111.78900
I am not sure what else to compute here. I studied excel 2010 in 2010 at College and learned about all this but this took awhile to refresh my memory. I think what I need to do is ensure that my trades are in direction of the trend (already done) with a strong slope (already done I think) and also be triggered after a retracement. I shouldn’t sell/ buy at extremes. 2 months in and I am mostly at breakeven. Seems like I am taking losses in Asia and the ASIA/EURO overlap but getting my gains from the EURO/US overlap trades. It appears I need to keep my SL on my trades around 30% of the daily range and to ensure that they last >5 hours.
Can anyone think of anything about all this? Are you seeing something that I am missing? Is there more information that I should calculate? I have data on the following
Trade #
Session Set
Date Set
Time Set
Session Triggered
Date Taken
Time Taken
Session End
End Date
Time End
Long/Short
Taken At Market
Days Active
Pair
Daily Range
Pip SL
PIP TP
R/R Ratio
SL % DR
Entry Price
TP Price
SL Price
H4 duck price
H1 duck price
M5 duck price
H4 Duck
H1 Duck
M5 Duck
Level taken explanation
Sl Placement
TP Placement
Fundamental
Risks
Updates
Account Balance
Amount Risked $
Risked %
$ Gained/Lost
% Gained/Lost of trade
Gained/Lost % of account
Happened
Improvements
Can anyone who has lots of experience with this please lend a hand?