Bought audusd @ 1.0530
Account value 524k
Account value 524k
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Universal Trend Trading
- Thread starter luckyputanski
- Start date
Sold sp500 @ 1217.90, long term trend change according to trend indicator.
Account value 510k
Account value 510k
Quote from drm7:
Interesting journal. Usually I see daytraders and stat arb guys.
How do you size your positions? Risk % per trade? Looks like you are risking about 2% per trade.
What platform did you use to backtest your system?
At the moment I risk 1.5 % per trade, some trades slightly more, based on where stop loss is right now.
I have a degree in IT, so I wrote my own backtesting engine.
Gbpusd stopped out @ 1.6178 with loss -1650
Account value 532k
Account value 532k
Closed eurusd @ 1.4185 with profit +2418.
Account value 537k
Account value 537k
Account value 489k
Big 10% drop in account value in one day - strangely no positions stopped out. Seems like almost every market moved against me. No panic, though. Such days are less likely than other way round - every market moving with me. And then I'll have 10% equity increase in one day.
Big 10% drop in account value in one day - strangely no positions stopped out. Seems like almost every market moved against me. No panic, though. Such days are less likely than other way round - every market moving with me. And then I'll have 10% equity increase in one day.
Sold wheat @ 750.88
Account Value 474k
Account Value 474k
Closed usdchf with a loss -34918
Closed eurgbp with a loss -387
Account value 478k
Big loss on usdchf, that's because stop loss was far away from the market at the time of entry. My choices were:
1. Enter small position
2. Do not enter at all
3. Enter normal position
Since it's statistically likely the trend will continue I chose option 3. Big loss on this one, but I have a bigger profit on gold.
Closed eurgbp with a loss -387
Account value 478k
Big loss on usdchf, that's because stop loss was far away from the market at the time of entry. My choices were:
1. Enter small position
2. Do not enter at all
3. Enter normal position
Since it's statistically likely the trend will continue I chose option 3. Big loss on this one, but I have a bigger profit on gold.
Have you considered using volatility-based position sizing? It may have helped in this situation, while maintaining your "edge."
e.g., define "n" units of risk as a 14 day average true range. Use some multiplier (i've seen anywhere from 2 to 5) and base your ~1.5% risk on that range.
Just a thought.
e.g., define "n" units of risk as a 14 day average true range. Use some multiplier (i've seen anywhere from 2 to 5) and base your ~1.5% risk on that range.
Just a thought.