Trading Performance Results - PAPER TRADES FOR TESTING PURPOSES!
Updating Charts this AM
Algo Optimized April 27, 2018 Version 2.0
My goal is to be either "Profitable, Neutral or CLOSE TRADE"
- CRITICAL ASSUMPTIONS NOTE - 4 Contracts are used only once per day per symbol. The goal is to capture the best setup for the day and get as much out of the market as possible. Any trades AFTER that trade, (if there are any), have only 1 contract and stops are managed aggressively.
CHANNELS AND CRITICAL LEVELS TO CONSIDER TRADING (Long / Short)
- The last OIL chart, (looking back) provides a clear view of how the alert sequences develop overtime. Of course, the ideal entry was at 6:00 AM but I do not trade that time. So, I must be able to review price action, alerts and enter the position during the US Session. As you can see in the transaction detail, I was completely wrong in every instance practically. (I was focused on the support lines causing a bounce without giving the importance priority of the alerts). Alerts override the supports.
5/14 to 5/18/2018
$109.314 Beginning Balance $112,390 Ending Balance
WEEK #1 - Net Profit $3,076
5/21 to 5/25/2018
$112,390 Beginning Balance
$114,018 Ending Balance
WEEK #2 Net Profit $1,628
(4 Day Week - Memorial Day on Monday)
5/28 to 6/1/2018
$114,018 Beginning Balance
$119,551 Ending Balance
WEEK #3 Net Profit $5,533
6/4 to 6/8/2018
$119,342 Beginning Balance
$114,379 Ending Balance
WEEK #4 Net Loss -$4,963
(Tuesday was a simulation of a negative day trading -$4,317) On this day, I hit my $500 limit too early in the day, so I decided to make it a Big Loss day and hopefully illustrate what it would look like when committing the common mistakes made when trading carelessly.
Otherwise, the week was Small Loss.
ACCOUNT SUMMARY - Testing Performance with new system calibration.
5/14 $109.314 Beginning Balance
7/12/2018, the current balance is:
Net Profit of $7,441