I liked Kevin's graph format so much I decided to copy it so I could keep visual tabs on how my strategy is doing. "Ninja(Perfect)" represents what Ninja's Strategy Analyzer would report at the end of the day if I ran a backtest on trades that should have been taken, minus commission and slippage. Overall, after 2 weeks of live trading, it is performing exactly as expected so far!
| RESULTS FOR DAY | |
|---|---|
| TF Contracts: | 4 |
| Net $P/L: | -970 |
| Wins: | 0 |
| Losses: | 4 |
| Win%: | 0 |
| Avg$Win: | 0 |
| Avg$Loss: | -243 |
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Nice looking progress chart!
ReplyDeleteOne interesting thing is that, even with an historically winning system like yours, after 100 trades it is possible that you could be losing money (you could be below the pink line). Most people would give up on a system after 5-10 trades if it is not winning. This chart says that even winning systems can have prolonged periods of losing.
ReplyDeleteNewer traders should think about the implications of this, before they abandon their trading system after only a few trades...
Thanks Soullfire.
ReplyDeleteGood point Kevin! Hopefully I'll stay well above the pink line!