Trading Performance Results - PAPER TRADES FOR TESTING PURPOSES!
Jose Azcarate Creator of the blackFLAG© Futures Trading System
Trading Performance Results (Paper Testing Alerts)
The system works beautifully. The operator needs improvement!
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)
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
Due to commissions on 33 trades, a huge amount of fees affect the bottom line.
