I'm going to reduce the number of posts, as the strategy has now hopefully settled down a bit and seems to be proceeding as I expected
From now on I will just post weekly/ monthly performance and let the system do its thing/ not post individual trades. I think I have given enough of a flavour of what types of trades this system aims for.
I will just bear in mind that a volatility filter on entry might be of use and will note the trades where this may have been useful to see if it helps the edge in terms of trade management.
The other thing to bear in mind is to consider trailing stops at 3R as opposed to 2R and I may start a separate test using this tweak once I go live with this version.
Anyway, November going well so far.
The main stats two weeks into November are 1522 pips pulled from the market, a win:loss rate of 37:63 and profit factor of 1.17. Average pips for winners are nearly 4x average pips for losers.
At 0.5%R this has equated to +1.89%, with peak drawdown at 5.59%.
This is a fairly low DD and tells me that I might be able to consider taking slightly more risk. I will however increase this in very small increments, after keeping an eye on DD based on the current R of 0.5%.
If in three or four months time DD is still sub 10% I will consider 0.75% or maybe even 1%
Time to just stick to the plan and let time tell.