In the last days I had some looses with this system mostly because I failed to put all my orders in the night and failed to respect some of them. -93 pips for 2 weeks of live testing and the gbp/jpy position is floating -111.
I strongly believe that this system will do ok in the long therm and for those traders that don’t do other trades. Maybe if you have a day job you will be happy with it in the long therm.
I come with the conclusion that it’s not for me and I will argument why:
1. I have to be awake 2 AM in the morning as my time zone is GMT+2. This thing is affecting me, I’m getting tired and I cant awake myself to trade in London session. I think that if I don’t stop it now and I continue to do this in the long therm it will affect my judgement too.
2. Some of the entry positions are looking really stupid (where I will buy with a tight sl this system sell with a big sl). To see all that positions floating on minus are getting me mad and this thing is not good for my long therm plan.
3. As I have 5 daily breakout positions everyday I lose my focus on my usually trades and lost some really good opportunities. That positions distract me.
So in conclusion is like that (for me). Or I trade this system only or I do my usually trades as I was doing for the last 6 years and the second option is my choosing one, I earn a lot much then in the first one.
Anyway, it was fun to see this system working live and as I said it will not fail in the long therm.
Almost all the loosing positions that this system generate were cut by hedging the positions so I’m happy overall and sad in the same time because that opportunities that I missed
Maybe it will work if the indi is transformed into an EA and put that EA on a separate account and “forgot” about it … check it once at the end of every month…