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)
/ES At market open, the Screaming Long Alerts came up which I took right away. Then as the move failed to continue and found resistance, I got out of the trade with profit. Traded the break up but not the 11:15 AM Alerts. I was focused on managing Oil to get it back to positive. But I also realized that the 5 Min chart does not give me what I want with /ES. So, from now on, I will use the 1 Min chart instead to trade /ES.
- /CL Entered Oil late, managed it, to the re enter long to recoup and close at a profit. Trading Oil Weekly Inventory Report requires lots and lots of practice. Specially learning how to fix a mistake of an improper entry. Paper trade it over and over.. The issue is that you get to do it only once a week. Take your time.
- /GC Closed the long at a slight profit. The resistance held sending Gold back down to back test.
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
7/19/2018, the current balance is:
Net Profit of $12,718
- See Week #Notes
/ES Volatility kept price swinging from one side to the other and hitting my stops quite accurately to then finally get going in the expected direction.