Tuesday | July 19, 2022
In Syswizard’s Al Brooks Video thread, MKTrader makes the above comment—that Al Brooks and most all ET journals cherry pick and don't keep a running P&L of every single trade." Well, I'd like to attempt to join the few who have.
Having finally developed my system to the fullest extent humanly possible (at least for this human), I've spent the past few months situating myself in a new environment that will allow me to trade without distractions. On Friday, I will be touring the office where I hope to finally set up shop. If everything goes as well as I hope, I should be able to begin trading full-time starting next week.
Moreover, I have heard from at least one entity interested in what I am doing which shares my belief that it might be possible to judge whether a trading system could perhaps have some validity without necessarily insisting on a hundred, ten or even one year’s worth of back testing.
So then, this journal will be a destination to which I can direct their organization/attention and possibly that of others. To paraphrase ET: "The purpose of this journal will be to keep myself publicly accountable by maintaining a daily journal of wins and losses."
Live trades will primarily be transacted in the form of Nadex Knock-outs, an outfit which, in my opinion, has a convoluted accounting system. So, I will also be duplicating these positions via my Hugo’s Way MetaTrader4 demo platform, which not only generates a more commonsense record of wins and losses, but additionally has the capacity to create graphic displays of the same data so that performance can be evaluated visually and at a glance.
It will be the printouts produced by the MetaTrader4 system that I will be posting here.
In Syswizard’s Al Brooks Video thread, MKTrader makes the above comment—that Al Brooks and most all ET journals cherry pick and don't keep a running P&L of every single trade." Well, I'd like to attempt to join the few who have.
Having finally developed my system to the fullest extent humanly possible (at least for this human), I've spent the past few months situating myself in a new environment that will allow me to trade without distractions. On Friday, I will be touring the office where I hope to finally set up shop. If everything goes as well as I hope, I should be able to begin trading full-time starting next week.
Moreover, I have heard from at least one entity interested in what I am doing which shares my belief that it might be possible to judge whether a trading system could perhaps have some validity without necessarily insisting on a hundred, ten or even one year’s worth of back testing.
So then, this journal will be a destination to which I can direct their organization/attention and possibly that of others. To paraphrase ET: "The purpose of this journal will be to keep myself publicly accountable by maintaining a daily journal of wins and losses."
Live trades will primarily be transacted in the form of Nadex Knock-outs, an outfit which, in my opinion, has a convoluted accounting system. So, I will also be duplicating these positions via my Hugo’s Way MetaTrader4 demo platform, which not only generates a more commonsense record of wins and losses, but additionally has the capacity to create graphic displays of the same data so that performance can be evaluated visually and at a glance.
It will be the printouts produced by the MetaTrader4 system that I will be posting here.
