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Trader Performance 2/27/2024
Total Net Profit: (-$17.00)
Gross Profit: $0.00/
Gross Loss: ($17.00)
Profit Factor: 0.00
Max Drawdown: -$17.00
Sharpe Ratio: -9.13
Sortino Ratio: -30.29
Ulcer Index: 0.00
Probability: 99.03
Total # of Trades: 9
Percent Profitable: 0.00%
# of winning trades: 0
# of losing trades:6
# of even trades :3
Avg Trade: -$1.89
Avg Winning Trade:$0
Avg Losing Trade: -$2.83
Ratio Avg. win/avg loss: 0.00
Max Consecutive Winners: 2
Max Consecutive Losers:4
Largest Winning Trade: $0
Largest Losing Trade: -$5.00
Avg # of trades per day:13.04
Avg Time in Market: 0.24
Profit Per Month: -$518.50
Max Time to recover: 0.06Days
Longest Flat Period: 27.55 Min
Avg MAE: $2.33
Avg MFE: $3.44
Avg ETD: $5.33
Today presented some range choppiness, finished the day red but risk control is my number one priority which I am currently nailing. Losses are well under 1% per trade and I am not hesitating to take trades which is a huge benefit! Feb 27 2024
Feb 27 2024 2
Feb 27 2024 3
Can you help answer these questions from other members on NexusFi?
1. **Definition of Tick Index**: The tick index measures the number of stocks trading on an uptick minus the number of stocks trading on a downtick. It provides insight into market sentiment and can help identify potential reversals.
2. **Entry Criteria**:
- Buy Signal: If the tick index reaches a certain threshold indicating oversold conditions (e.g., below -1000), consider entering a long position.
- Sell Signal: If the tick index reaches a certain threshold indicating overbought conditions (e.g., above 1000), consider exiting the long position.
3. **Exit Criteria**:
- Exit Long: When the tick index reverses from oversold territory and starts rising.
- Stop Loss: Implement a stop-loss mechanism to limit losses if the trade moves against the expected direction.
4. **Example Implementation**:
- Suppose the tick index drops below -1000, signaling an oversold condition.
- Enter a long position in the market.
- Set a stop-loss at a predetermined level to limit potential losses.
- Monitor the tick index for signs of a reversal.
- If the tick index rises above 1000, indicating overbought conditions, consider exiting the long position to lock in profits.
5. **Risk Management**:
- Implement proper risk management techniques, such as setting stop-loss levels and position sizing, to manage downside risk.
- Regularly review and adjust the strategy based on market conditions and performance.
6. **Backtesting and Optimization**:
- Backtest the strategy using historical tick index data to assess its effectiveness.
- Optimize parameters such as entry and exit thresholds, stop-loss levels, and position sizing to maximize returns and minimize risk.
Remember, this is a simplified example, and actual trading strategies may involve more complexity, including considerations for transaction costs, slippage, and market dynamics. Always ensure thorough testing and risk management before deploying any trading strategy in live markets.
Trader Performance 2/28/2024
Total Net Profit: +$29.00
Gross Profit: $29.00
Gross Loss: ($0.00)
Profit Factor: 99.00
Max Drawdown: -$0.00
Sharpe Ratio: +9.31
Sortino Ratio: +1.00
Ulcer Index: 0.00
Probability: 5.26%
Total # of Trades: 4
Percent Profitable: 75.00%
# of winning trades: 3
# of losing trades:0
# of even trades :1
Avg Trade: +$7.25
Avg Winning Trade:$9.67
Avg Losing Trade: -$0.00
Ratio Avg. win/avg loss: 9.67
Max Consecutive Winners: 4
Max Consecutive Losers:0
Largest Winning Trade: $21.50
Largest Losing Trade: -$0.00
Avg # of trades per day:5.79
Avg Time in Market: 0.52
Profit Per Month: +$884.50
Max Time to recover: 0.00Days
Longest Flat Period: 164.18 Min
Avg MAE: $2.38
Avg MFE: $9.63
Avg ETD: $2.38
Today was a positive green Day netting about 15 points which is 15 percent of todays range. Today I also realized to take even more stress out of my trading I am limiting myself to 6 Trades a day win or loss it will discipline my trading and also help with me holding onto winners. Feb 28 10 Second Chart 1
Trader Performance 2/29/2024
Total Net Profit:+$9.50
Gross Profit: $16.00
Gross Loss: ($6.50)
Profit Factor: 2.46
Max Drawdown: -$5.50
Sharpe Ratio: +9.23
Sortino Ratio: +1.00
Ulcer Index: 0.00
Probability: 20.14%
Total # of Trades: 8
Percent Profitable: 25.00%
# of winning trades: 2
# of losing trades:3
# of even trades :3
Avg Trade: +$1.19
Avg Winning Trade:$8.00
Avg Losing Trade: -$2.17
Ratio Avg. win/avg loss: 3.69
Max Consecutive Winners: 2
Max Consecutive Losers:2
Largest Winning Trade: $10.00
Largest Losing Trade: -$5.00
Avg # of trades per day:11.59
Avg Time in Market: 0.35
Profit Per Month: +$289.75
Max Time to recover: 0.02Days
Longest Flat Period: 14.43 Min
Avg MAE: $1.56
Avg MFE: $5.56
Avg ETD: $4.38
Today I got a bit of a late start to the day so missed that V like reversal still managed to trade pretty effectively, I am really starting to notice my set-ups as they occur and keeping my profit factor above 2 for a sustained trading period is my objective. Risk is staying well under 1% which allows me to to keep my emotions i check and my winning trades are much larger than my losers. Switched my 10 second chart to a 10 second heiken ashi chart just so I can identify trend a little easier. Feb 29 Chart 1
