And no, my strategy is not automated and cannot be back tested before you tell me to back test it. I’m looking at you @ProfesorPips
So I usually place between 2 - 4 trades per day and obviously there will be times when I hit 5 or 6 losers in a row and on my other account this is where I went wrong, I gave up on the strategy before committing a proper amount of time to testing it.
So I’m reintroduced the strategy again and this time I want to give it more room to see if it works, however I’m not sure how long is a reasonable amount of time.
I’m thinking 1 year, so about 500 - 1000 trades in total. I think this is a large enough sample size to determine if it A) works, and B) it’s sustainable?
I’ve calculated that if I can make just 0.5% profit on average per week (2% a month) then it’s sustainable as a full time job.
Hi, remember that every strategy has a “life time” so you will probably need to improve your strategy settings during the test, especially if you use a shorter time frame, good luck . Regards Greg
what benchmark.you are.comparing your returns against;
your initial.investment;
how much time you are willing.to.forward test…
If you were.testing a new drug on a patient and.they had a violent reaction, you would have to.change / stop.the test regime.altogether: equally, a.strategy that clearly.is not.working month after month after month may just need.tweaking or scrapping if early results hint that something.is.seriously.wrong with it. Again, strategy is about context, including what you hope to gain.in.return.percentages, short vs…long.term , etc.
. Regards Greg