The CL/NQ experiment

Quote from Gabe2004:

Niko, my trade in this journal are in a sim (I stated that in my first post)
In the last 3 days I had huge losses.
I traded like a maniac.
There were some external influences but I should have realized them and not trade.
I am not sure if there is a purpose to continue posting but I will try.
on the 5th I avoided the chop by trading by my rules and took my usual little nibbles.
It seems that whenever I go after big moves I lose and when ever I nibble, I do fine.
The only thing that is not implemented clearly in my strategy is a maximum daily loss which I will implement starting on Monday.
I am not sure what is the magic number.
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The only way you are going to arrive to a number you can trust in real time is after you backtest. Then you will have the stats for your system. For example if you know that you can easily have 4 losers in a row and still emerge above water during that week you will not get all stressed out when you place that 5th trade. But in order to TRUST your system you will need to test it. Without testing is all guessing.
 
Quote from Gabe2004:

And the individual trades.
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Can you post the charts of the intervals you use to take the trades, from the 1 min perspective, some of your charts entries don't make any sense.
 
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