XJO 0.81% 7,971.6 s&p/asx 200

Without mechanical trading to eliminate bias you will lose money...

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    Without mechanical trading to eliminate bias you will lose money

    Once that has sunk-in the work begins. That's building something from nothing this includes vigorous testing. This stage it's like you are in a lab its trial and error and fine tuning.

    Then you roll it out and test it in real world circumstances without deploying any capital.

    If you dont have a win rate of >65% and Profit Factor >5 the system needs work. This is the absolute minimum parameters prior to real time testing.

    With that in mind:
    win rate of 50% and Profit Factor 12 is excellent
    win rate of 85% and Profit Factor 1 is poor

    Understand and let it sink in all systems has losses - if you dont want losses then you need to invest instead as losses are a given and you must take them.

    Trading must be seen as a large pool of trades where the numbers behind the system has your back.

    Lastly it must be treated as a business. All businesses has trading losses with FY Net Profit Gain and this is not going to be any different. If you made losses two months in a row - STOP what you are doing.

    Review and Improve and go again
 
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