Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hope so! I have done what I could have using my limited time and skill level. Let's wait and see how market behaves. Either it will be A)Account gains to balance of 45,000 or B)Account loses to balance of 3,000.
I am planing on sharing account balance every month.
There were 5 trades in December. 2 profitable and 3 stop losses. Gain of just above $100
There was it again. Hoping to win every trades, hoping for market to turn direction into my current position. Which was quickly identified as stupid emotion and was be able to focus on current task. Which is Do NOTHING!
January. 6 trades. 3 profitable and 3 stop losses. Netting close to 1k for the month. As market became more volatile, system is staying away from trading.
unprofitable month. 8 shorts. 1 profit and 7 stop losses. System is design to stay away from wild condition. Be careful out there and see you next month.
After a few attempt to catch the volatile down swing, I am left with around 13.5k fund to work with.
I have successfully made system relying less on fixed number of studies. It is now more flexible and adaptive. Still, it did not deviate too much from the original concept. Another big update is the system is now Long only.
First Target: A gain of $6500.00 to balance of 20k. Will update more in detail once..or if I make it to that level.
3,500 per contract to trade. I am about $500 shy from total funds needed(3500X4=14,000) But will begin the system trading as of today.
Two potential out comes.
1. lose 12k then system shuts off
2. Gain 6,500 to bring account balance to 20k. Max risk and Margin requirements will increase and planed risk/money management will be appiled.
Thoughts.
This system produces about 75 trades a year(past 15 years) There were 2 down years out of 15. Expect to be slow so be patience and follow the plan.
The system is hitting(back test result) is hitting all time high in profit. There might be a correction...or strings of losing trades can come in to normalize distribution of win and loss trades so hang in there.
I have done what I could have using my limited time and skill level. Let's wait and see how market behaves. Either it will be A)Account gains to balance of 45,000 or B)Account loses to balance of 3,000.