The exit. The purpose of measuring the exit was to see how many times I chicken out of a trade without a valid signal. However the way I measure it, it penalize the price hitting the SL (a good thing) more than me chickening out (a bad thing).
There's still a few bug on this so I guess this will be a constant work in progress. For now I'll change the measurement to be as follows:
- Analysis (Right or wrong?)
- Timing (-XXX for candles early +XXX for candles too late and +0 for exact candle, I try to get +0)
- Risk/Reward (At least 1:2)
- Percentage of the move I caught
- Exit (-1 for trades that are exited (both in loss or profit) without a valid signal, +1 for trades that exited with a valid signal (SL hit, TP hit, signal change) )
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After a week on using this system, I'm changing the exit measurement to be similiar to my timing. E+0 for perfect exit, E+1 for 1 candle too late, and E-1 for candle too early.
- Analysis (Right or wrong?)
- Timing (-XXX for candles early +XXX for candles too late and +0 for exact candle, I try to get +0)
- Risk/Reward (At least 1:2)
- Percentage of the move I caught
- Exit (-XXX for candles early +XXX for candles too late and +0 for exact candle)
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