I am just posting my amended strategy, prompted by a realisation that my 3:1 R/R ratio
with the given entry parameters is too ambitious. I am three months into a six-month testing
period but the evidence is overwhelming, as written in the document in red font, against continuing
with the initial R/R ratio.
The gains should have outstripped the losses, which they do sometimes but there are statistically
few trades that hit the full target, therefore the majority of the time they missed and reversed,
and the stops, however small, ended up compiling a net loss for the account overall.
I now have three months to implement the small modifications and gather data to see if this
improves the profitability ratio.
and HAPPY TRADING!
TradingStrategy(USDTRY)FebtoAug2017.pdf (69.6 KB)