Wednesday July 11, 2018 blackFLAG Futures Trading System Miami, FL

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Trading Performance Results - PAPER TRADES FOR TESTING PURPOSES!

Trading Alerts For Futures Markets

Jose Azcarate Creator of the blackFLAG© Futures Trading System

Trading Performance Results (Paper Testing Alerts)

The system works beautifully. The operator needs improvement!

3:11 PM
%
Gross Profit $715.00 Small Win

Updating Charts this AM

Algo Optimized April 27, 2018 Version 2.0

Basic Assumptions:

Account Size: $100,000 USD
Maximum Risk at Trade Entry: $2,000 (2.00%)
Maximum Risk 2 Min After Entry $600 (0.60%)
Adjust To Break Even ASAP
Average Size: 1 Contract when using blackFLAG FTS.
Without blackFLAG FTS: 1 Contract / $125,000 of Capital
Maximum Loss Limit / Day $500 (0.50%)
No New Trades.  WALK AWAY!

Five Outcomes to A Trade

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)

 

Comments:

/ES

Comments:

  • /CL   I ended up positive with Oil but I wrongly entered long when the alerts were calling to short.  I was able to later flip the positions to short but the damage was done.  I was able to recover the initial loss and build profits on the way down.  
  • NOTICE HOW MANY SHORT ALERTS WERE DISPLAYED PRIOR TO THE REPORT.  If Spike as today's occurs with that many alerts to short, YOU MUST SHORT IT...  Also, notice the spike was jumping up to test resistances and then failed.  This gave me a higher degree of confidence to flip the wrong direction and go with it.

Comments:

  • /GC 

Notes:

 

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.


SUMMARY AS OF 7/9/2018 Before market open!

5/14  $109.314 Beginning Balance 

7/6/2018, the current balance is: 

$115,955.82

Net Profit of $6,641  

 


Updating Charts

Reviewing Opportunities

Wednesday detail 2018-07-11_15-02-46
Wednesday summary 2018-07-11_15-07-40

Due to commissions on 33 trades, a huge amount of fees affect the bottom line.