I’m not here to criticize your methodology. First and foremost, i would like to congratulate you on your current success and your feat is quite extraordinary. Your conviction in your trend determination is truly awesome, and i’m hats off to you for that. Your patience for drawdowns are incredible.
Let’s look at your chart on equity Growth, basically the red line on Growth can be ignore. What truly matters is the yellow line (equity growth) .
From Aug 17 to Sep 1st, max drawdown reached about 8% (on the 29th Aug).
From Sep 1st to Sep 9th, max Equity growth reached around 9%.
After Sep 9th equity continues to grow to current positive 35.83%.
I can see that on the Sep 10th, 17th and 25th, there were 3 more large drawdowns, which one of them probably contributed to your max drawdown of 8.99%.
From your 5 open trades chart, i can see that you can tolerate a total drawdowns of -479.40 pips. This can only means that your every trade entry are probably at minimal position lot size. From the 3 open EURUSD trades, position are opened (or averaged) at an interval of 40 to 50 pips difference. I also notice that you have 40 pending orders waiting in queue.
From my observation, i can see that your are a true contrarian, and have perfected the art of counter trend trading thru the use of a single powerful technique called “AVERAGING” .
i have just 3 question for you.
What’s your backup plan if a major trend reversal occurs and move against your Major trend determination by say 2500pips? Your max drawdown may reach as far as perhaps say 50%.
How confident would you be, that you will still be able to recover from your losses?
How long do you think it will take for you to recover those losses, if a black swan event does occur.
Just some food for thoughts. No offence, i hope. i really meant well for you.