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Thanks Handle123 for comments. Yes my sample size not that big, only about 300 - 400 trades. I need more. My weakness so far is not writing in journal enough data about what I see per day (especially for each loss) or asking the right questions about the system that I trade for future...

Overnight thanks for response. Yes, so many different options to choose from. But I tell you what I am learning from my mistakes, its best to be confident in your back testing data as possible. Now, I have to start over again manually backtesting for all these different variables i am...

Thank you Overnight, Yes, I mean loss limit. So let me make sure i understand this correctly and again, excuse my ignorance when it comes to back testing a system. However, I plan to live trade a trading system, rather it be til max loss limit or max profit target, or all day til trading...

Thank you wintergasp, My biggest problem is I can not trade all day because I have to leave for work by 10-11am. I can not go to full time trader yet cause not profitable trader yet. Yes, this is good idea for me. So along with backtesting all the signals for the day, is it wise to backtest...

Thanks wintergasp, 1% discretionary meaning I choose to trade til this time even though system was backtest for a different range of time. Thanks,

Thank you pinabetal for your response. I understand your input and it makes sense. Or I can look analyze the data I have from 400 trade sample and look at the perfomance metrics for trading under different scenarios (market open to lunch, P/L=$X no more trading, after 3 trades, after so much...

Thank you Simples for response. To honest answer your question, NO. If I want to know how to the system will perform based on me stop trading for X amount of reasons, then I need to go back and determine what are the performance metrics of the system if I stop trading after 3 trades, X...

Hello, Just a general question as this is an area of weakness in my trading so far I struggle with alot If you back test a system from 8:30am to 3:30pm (market open and close time) and the results are positive expectation (profitability). 1. Do you take all the trades going forward for that...

Hello, My life lately: Trial and error, ooopsss I forgot to record that or this, what if I do , but what about, just do this, noo thats not what that mean, hmmm I wonder if someone on elitetrader can help me, if i keep reading forum I will never read the 3 books I ordered from Amazon, ohhhhh...

Thanks Handle123, You give good examples. And I agree. Time after time, I have to tell myself "let the system be wrong, not you", "follow your plan", "remember the stats say in the spreadsheet". This is why I focusing so much making sure whatever system I trade I understand the metrics for that...

stevegee58, I could not agree with you more. I mess up and did not record the MAE and MFE per trade. As you see from results, the system in green has a R:R = 1, so its barely maintaining profitability. I often wonder if I can reduce the stop loss. BUT, I have no data to prove moving it will...

Thanks speedo, Yes, i agree. For now, for me, I am making sure I am recording the right data so I can see if I have a profitable system or not in the future. All this different metrics (Expectancy, Sharp Ratio,etc) may seem intutive to some, but for me its still new, so I am having to learn...

So hopefully someone else learns from my questions originally asked. I went back recalculated my metrics for both systems based on corrected calculations and results are attached. Any questions or recommendations is welcomed. Lessons Learned so far while recording stats: 1. Include time in...

Overnight, I have experience with TST for 3 months. Passing the Combine and proceeding to Funded is feasible, but the key is once you start the combine or FTP or Funded stage, you have to be sure that your system consecutive drawdown (ie, X amount of losses in a row) is within the range of TST...

algofy, Yes, it's a cost for sure. And it's a cost for all my breakeven trades and will be added as a loss when I calculate my Expectancy of both systems in current manually backtest phase. I am learning the ins and out of statistical confidence, something my knowledge is weak on now.

algofy, I am with TopStepTrader and commission is about $3.

JamesEM, May God Bless you and your family. My heart pours for your illness and pray that all goes well. You have a passion for trading and I admire you being a man of professionalism and decency trading. I certainly wish you the best. I am in the $30K combine as well and its a struggle for...

Pekelo, What does it means by the word "backer"?

Thank you Handle123, It makes sense now. I get it now. A loss is a loss, regardless why it loss money. It counts as a loss and should be used in performance metrics. Thank you.