Trading Performance Results - PAPER TRADES FOR TESTING PURPOSES!
I am back to following 100% of my Trading Plan Rules!
Results for today will be either NEUTRAL OR PROFITABLE!
Algo Optimized April 27, 2018 Version 2.0
My goal is to be either "Profitable or 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.
Critical Support and Resistance Levels Displayed on the 10 Min Chart!
5/29 to 6/01/2018
$5,528 Net Profit for the Week. (4 Day Week - Memorial Day on Monday)
5/15 to 6/01/2018
$10,723 Net Profit for the two weeks of testing.
Today, Gold had Screaming Alerts to go Long between 7:30 and 8:15 AM. I was at the computer and waited instead of taking the trade. Within 6 minutes, GOLD jumped from $1,303 to $1,307.8 This spike broke the channel up and the back test took forever taking me out a couple of times. By 2:20 I was negative -$355 plus fees. Based on my rules, if I did not make my profits in the morning, forcing trades in the afternoon is not a good strategy for me. It is possible that Gold and ES will jump later but, that is ok. Tomorrow I will be rested and ready to trade again.