My trading journal

Trade 19:
NZDJPY short
Entry: 76.861
SL: 77.311 (45 pips)
TP: 76.186 (67.5 pips)

2022-019.png
 
Closed this trade manually. Price entered into a range around my entry, and the trade idea didn't seem to be valid anymore. I still planned to leave the trade open over the weekend, but today it looked like it was starting to head towards my SL following the Canadian jobs report, so I finally decided it was time to take advantage of the rule I mentioned in the first post (I allow myself to close trades early for any reason).

-0.21R / -$41.58

The white line shows where I got out. I'll continue to monitor this trade to see if this was the right decision.

View attachment 73625
TP would have been hit today, meaning that closing this trade early was the wrong decision, and I lost 1.71R because of it. Demon finder (mentioned on page 1 with a youtube link for explanation) updated:

demon1.png


Trade 19: SL hit. -1R / -$210.81

Trade 20:
GBPNZD long
Entry: 2.02586
SL: 2.01626 (96 pips)
TP: 2.04026 (144 pips)

2022-020.png


alionag: Tried to set it up. It's currently sitting at "trading privileges verified," but "track record not verified." I think I just have to wait.
 
Hi mate, do you have myfxbook account to share results?
It's verified now. Here you go: https://www.myfxbook.com/members/wirg/mt5-52013311/9358137

Note that myfxbook sorts trades my close date, while I sort trades by open date in my spreadsheet. That makes the equity curve (as well as certain stats like losing streaks, winning streaks, max drawdown etc.) look different, but the end result is the same. When analyzing the performance of my trading, I'll continue to use my own spreadsheet.
 
I changed the demon finder quite a bit:

demon1.png


Basically, I'll sum up the results of all my discretionary decisions, both the negative and the positive results. This should be more helpful than the old version. For now, "closed manually" should be the only row I need to use, but I'm thinking of allowing myself to trail stops and extend the TP soon (but I won't change anything until I have a 50 trade sample size with the current rules). The bottom three rows are just there in case I make mistakes, they're supposed to stay unused.
 
Last edited:
No, I don't. I use Pepperstone (razor).

Trade 21:
GBPNZD short
Entry: 2.04682
SL: 2.05492 (81 pips)
TP: 2.03467 (121.5 pips)

2022-021.png
 
TP hit. +1.5R / +$313.82

Currently at +4.79R, meaning I've built up a big enough buffer to withstand the inevitable 4 trade losing streak without going into absolute drawdown.

Trade 22:
USDCHF long
Entry: 0.92099
SL: 0.91739 (36 pips)
TP: 0.92639 (54 pips)

2022-022.png
 
Trade 23:
NZDCAD short
Entry: 0.85280
SL: 0.85670 (39 pips)
TP: 0.84695 (58.5 pips)

2022-023.png
 
Back
Top