The program calculates lot size as a % risk of the account balance, so of course reduces when on a losing streak. There is a fixed Stop Loss.
I have improved the WR% to 37.88% by letting the winning trades run longer, which seems to have meant that there are now less false signals. I will keep that Howard Bandy book in mind as I try and think of models to identify entry and exit points by price action. I have tried this many times using Doji's, Morning Star, Engulfing etc, both own their own and combined with stochastic and other oscillator levels so maybe a few more hints won't go amiss. Here's the latest results.Cheers.
No Trades 359 1 No Wins 136 2 Win Ratio (WinRate) 37.88% 3 Loss Ratio 62.12% 4 Reward Risk Ratio 2.59 5 Expectancy Ratio 0.36 6 Short positions (won %) 140 (37.86%) 7 Long positions (won %) 219 (37.90%) 8 Profit trades (% of total) 136 (37.88%) 9 Loss trades (% of total) 223 (62.12%) 10 Max Drawdown 23%
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