I just had a rough backtest from March until May and I found this
EUR/USD 26 R
GBP/USD 24 R
USD/JPY 44R
Total: 94 R
So this is the BAR I have to use to measure my performance.
I used 50 ema filter On and 1R SL with 3R TP and Move to BE at 2R.
sam: can you believe this? this is the potential of the market
how much did you gain and how much did I or anyone else? this is the game.
We have to measure our performance with the performance of the System. If we could achieve even half the results, we would be VERY happy people.
Good weekend everyone...
Ps: Further analysis and comparison to Indices.
NAS did only 11R (with lots of rents) and US30 10R. and DAX is 12R.
You can see that we can only count this as a single number for these 3 due to their high correlation.
And the results are nearly the same.
If we take the average it comes to 11.
So even if you traded just one of these, your results will be the same in terms of probability and risk.
e.g. if you say the result of these three is not 3, instead of its 10+11+12=33 then you are saying that if you took 1% risk (while you risked 3% at the time) you would have made 33%. But if you did the same on USD/JPY and risked 3% per trade then you'd have made 44x3 = 132%
pps: DAX30 Jan until March is 17 R's.
GU 17R
Trading 3 Correlated Markets = Trading 1 Market
Yep, If you trade 3 markets that are highly correlated, like the Stock indices then you are essentially trading the SAME market. IF you riks 1% on each market at the same time, you're risking 3% on ONE MARKET.
Do Not Risk 1% on 3 Signals on 3 indices. Instead divide your risk. If I see signals on all 3 markets, I will either chose 1 and go 1% risk on that market. Or I'll choose 2 and go 0.5% risk on 2 of them. IF I want to take all three signals on US30, DAX and NAS then I'll risk 0.33% on each. or I'l go 0.5% on each and take total risk of 1.5%.
So, I actually trade 6 Markets on 8 Charts
