Seniors & Forex Traders plesae review my strategy and results & comments please

TerryTosan 2012.10.16 07:46

Finally I have build my own trading strategy and below are the results which I got.

So expecting seniors to review it and expert comments on it whether this strategy is good or not?

Thanks in Advance

GCI Financial Ltd.

Account: 519720		Name: Terry						Currency: USD		2012 October 16, 05:35
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
23845657	2012.10.14 23:16	buy	1.00	eurusd	1.2898	0.0000	0.0000	2012.10.15 05:36	1.2967	0.00	0.00	0.00	690.00
23845655	2012.10.14 23:16	buy	1.00	eurusd	1.2898	1.2995	0.0000	2012.10.16 05:11	1.2995	0.00	0.00	-2.46	970.00
23669996	2012.10.10 03:06	sell	1.00	eurusd	1.2863	0.0000	0.0000	2012.10.14 23:16	1.2898	0.00	0.00	0.65	-350.00
23669906	2012.10.10 03:06	sell	1.00	eurusd	1.2864	0.0000	0.0000	2012.10.14 23:16	1.2898	0.00	0.00	0.65	-340.00
23669852	2012.10.10 03:05	sell	1.00	nse_nifty	5681	0	0	2012.10.10 03:06	5692	0.00	0.00	0.00	-11.00
23457127	2012.10.03 05:52	buy	1.00	eurusd	1.2935	0.0000	0.0000	2012.10.10 03:05	1.2863	0.00	0.00	-17.26	-720.00
23457109	2012.10.03 05:51	buy	1.00	eurusd	1.2935	0.0000	0.0000	2012.10.04 23:21	1.3019	0.00	0.00	-4.92	840.00
23343798	2012.09.30 17:00	balance	IR										86.12
23156239	2012.09.20 04:40	sell	1.00	eurusd	1.2976	0.0000	0.0000	2012.09.27 22:01	1.2925	0.00	0.00	1.04	510.00
23156231	2012.09.20 04:40	sell	1.00	eurusd	1.2975	0.0000	0.0000	2012.10.03 05:51	1.2934	0.00	0.00	1.69	410.00
22835420	2012.09.11 00:41	sell	1.00	nse_nifty	5354	5385	0	2012.09.11 02:35	5385	0.00	0.00	0.00	-31.00
22671907	2012.09.03 00:39	buy	1.00	nse_nifty	5322	0	0	2012.09.11 00:41	5354	0.00	0.00	-80.00	32.00
22670256	2012.09.02 23:01	buy	1.00	eurusd	1.2586	1.2783	0.0000	2012.09.10 04:01	1.2783	0.00	0.00	-16.87	1 970.00
22670255	2012.09.02 23:01	buy	1.00	eurusd	1.2586	0.0000	0.0000	2012.09.03 22:41	1.2622	0.00	0.00	-2.39	360.00
22670252	2012.09.02 23:01	buy	1.00	eurusd	1.2587	1.2610	1.2710	2012.09.04 00:58	1.2610	0.00	0.00	-2.39	230.00
22648903	2012.08.31 17:00	balance	IR										83.32
22599636	2012.08.29 23:57	sell	1.00	eurusd	1.2540	1.2534	0.0000	2012.08.31 04:47	1.2534	0.00	0.00	0.13	60.00
22599609	2012.08.29 23:54	sell	1.00	eurusd	1.2540	0.0000	0.0000	2012.08.30 23:29	1.2524	0.00	0.00	0.13	160.00
22599607	2012.08.29 23:54	sell	1.00	eurusd	1.2540	0.0000	0.0000	2012.08.30 23:29	1.2525	0.00	0.00	0.13	150.00
22599606	2012.08.29 23:54	sell	1.00	eurusd	1.2540	0.0000	0.0000	2012.09.02 23:01	1.2585	0.00	0.00	0.51	-450.00
22576076	2012.08.28 21:23	buy	1.00	eurusd	1.2566	0.0000	0.0000	2012.08.29 23:54	1.2540	0.00	0.00	-2.38	-260.00
22576072	2012.08.28 21:22	buy	1.00	eurusd	1.2565	0.0000	0.0000	2012.08.29 23:54	1.2540	0.00	0.00	-2.38	-250.00
22483151	2012.08.23 21:54	sell	1.00	eurusd	1.2563	1.2535	0.0000	2012.08.28 04:46	1.2535	0.00	0.00	0.51	280.00
21197343	2012.06.18 22:12	balance	Deposit										50 000.00
										0.00	0.00	-125.61	4 250.00
Closed P/L:												4 124.39
Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Commission	Taxes	Swap	Profit
23845662	2012.10.14 23:16	buy	1.00	eurusd	1.2898	0.0000	0.0000		1.2991	0.00	0.00	-2.46	930.00
										0.00	0.00	-2.46	930.00
										Floating P/L:		927.54
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
No transactions

Summary:
Deposit/Withdrawal:		50 169.44		Credit Facility:				0.00
Closed Trade P/L:		4 124.39		Floating P/L:				927.54	Margin:			250.00
Balance:		54 293.83		Equity:				55 221.37	Free Margin:			54 971.37

Details:

Gross Profit:		6 604.60		Gross Loss:				2 480.21	Total Net Profit:			4 124.39
Profit Factor:		2.66		Expected Payoff:				196.40
Absolute Drawdown:		234.25		Maximal Drawdown:				1 436.96 (2.66%)	Relative Drawdown:			2.66% (1 436.96)

Total Trades:		21		Short Positions (won %):				11 (54.55%)	Long Positions (won %):			10 (60.00%)
Profit Trades (% of total):								12 (57.14%)	Loss trades (% of total):			9 (42.86%)
Largest		profit trade:						1 953.13	loss trade:			-737.26
Average		profit trade:						550.38	loss trade:			-275.58
Maximum		consecutive wins ($):						3 (2 538.35)	consecutive losses ($):			4 (-1 436.96)
Maximal		consecutive profit (count):						2 538.35 (3)	consecutive loss (count):			-1 436.96 (4)
Average		consecutive wins:						2	consecutive losses:			2

Simon Gniadkowski 2012.10.16 07:52 #1

TerryTosan:

Total Trades:

You need a lot more trades . . . what you have so far looks good, but you cannot conclude it is representative.

Ramaloo 2012.10.16 08:41 #2

Yes,the results looks good and impressive but the most important is the consistency and we would only know it after a minimum of 6 months. Wish good luck and great job done so far. All the best

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Nathan 2012.10.16 14:22 #3

@TerryTosan,

I am no senior, but I wish to share constructive feedback with you.

A back test does not show your strategy's logic. Without knowing the logic of your strategy, there is no way for me to determine if the strategy will sustain and gain profits for an account balance in the "long haul" of LIVE trading.

I have but one question for you to ask yourself.

"Is my EA prepared to handle all placed trades in any and all market conditions when run on a LIVE account balance?"

Thank you.

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William Roeder 2012.10.16 17:04 #4

WhooDoo22: "Is my EA prepared to handle all placed trades in any and all market conditions when run on a LIVE account balance?"

Did you post your code?
You need a mind reader

[Deleted] 2012.10.19 13:24 #5

Test for atleast two years. It might be great in current conditions then when there is no euro or dollar issues it losses. The best way is to turn it into a EA then backtest it for larger lengths of time.

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taesong 2012.10.19 16:00 #6

Congratulations! You are on the right track. I think you have a winning strategy. My only concern is that you have 3 losses in a row. This is going the create problems down the road. If you keep working at it, you will be able to find a winning strategy that won't fail you. Hope you to find a winning strategy that rarely loses, maybe 50:1.

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TerryTosan 2012.12.25 16:30 #7

I guess my strategy is working fine at this time below is the continuous progress/result of my strategy.

Looking for expert comments from Seniors please as I am doing this trades part time

I feel more comfortable on h4 timeframe as this timeframe makes me easy to handle my trades during my fulltime job as well

ggmmpp66 2012.12.25 20:53 #8

Your strategy may be very good, but I'd like to signal you that not always

setting a stop loss order you are exposed to very big risk. Set it where you suppose that stop will never be caught

if you prefer (i prefer tight stop losses) but not putting it ...mmmm

we can never exclude anything for the future.

kind regards

Giorgio

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TerryTosan 2012.12.26 02:36 #9

gmp66:

Your strategy may be very good, but I'd like to signal you that not always

setting a stop loss order you are exposed to very big risk. Set it where you suppose that stop will never be caught

if you prefer (i prefer tight stop losses) but not putting it ...mmmm

we can never exclude anything for the future.

kind regards

Giorgio

I can say that stop loss is not a part of my trading strategy as I am always in the trade whether buy or short.

BTW thanks for your suggestion I will keep SL if necessary.

What I wanted to know is the return. Is this returns are good as a part time trader?

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phi nuts 2012.12.27 00:34 #10

TerryTosan:

...

What I wanted to know is the return. Is this returns are good as a part time trader?

No, this return is not good. Please re-read again what RaptorUK and tonny said above.

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