Hey @dudebro, these are the kinds of questions that getting answers to becomes difficult to answer. So sorry this might be a bit too long for comfort
I think the answer shouldn’t be how long you have tried the system, but by how much it has deviated from the norm when you developed it in the first instance. There are strategies that perform just at breakeven for a large part of the trading year but require just a few home runs to generate the profit target for the same year. The rest of the time the strategy might just be trading to PROTECT CAPITAL. Do you discard such systems because it’s done nothing but break even for six months?
Someone who just happens to COPY that PROFITABLE system would have gotten frustrated and binned it after three months, probably because he’s used to and expects his trading balance increasing every week
What I’m driving at is that the answers you will get from others will be based on THEIR OWN PERSPECTIVE, THEIR OWN experience and history with their own systems and not yours. So you are liable to fall into the bias of using other peoples timelines (or any other parameters for that matter) to judge your own system.
An example in case is @steveepperson’s personal opinion that mechanical trading is for gamblers. Is that true?
For him, yes but not necessarily for everyone. Staying away from Mechanical trading systems and focusing on pure price action keeps him profitable. However it just might be the other way around for you. Traders who have weaker Psychological strength to make real time market decisions in trading will fare better with mechanical systems as that’s basically part of what it deals with.
@happypip and @RoboPip have mechanical systems which have run profitably for multiple years on this platform. I don’t know if they would agree that their systems are a form of gambling.
So in a nutshell steve, find your trading system (mechanical or otherwise) and give it parameters outside of which you will have to make changes or say goodbye to it and move on.
- Year on Year Profitability
- Maximum Drawdown
- Win ratio
These are just examples but a bit more digging within the BP community will give you more answers than you might expect.
Remember no system wins everytime (or every market session, day, month, quarter or even year). But as long as it makes money in the long run, it’s a keeper for me.
Hopefully you’ll eventually find something that works for you real soon buddy and come tell us about it all