Something about my trading method - New Trend
My trading method, I call it as New Trend, is rather successfull and simple. I like simple things working great. Let`s talk about it little bit.
I start with (paper) trading sometimes in autumn of 2007 and it get me with these words in my mind: “wow, it will be your job”. I don`t know when, I do not plan it, but I have some goals to make:
- earn money for real commodity trading,
- learn how to trade.
And now, we are going to talk about point 2 of above list. I have read about some methods how to trade commodities, but, you know, nothing was so good what was I looking for. I have tried something about 500 trades using Track And Trade software on historical data as long as I have found it.
My method, New Trend, risks a little money for a great profit. Some statistics: I have done 35 trades with historical (like it was real) data and I have lost 19 trades and win 16 trades = 45.71% of success. My paper investment has been $4 000 with $200 of aceptable loss (moving stop-loss is only one and great instrument what you can control). And I have earned $26 612.50. It is 565.3125% return of investment.
Risk/Reward Ratio of New Trend was 1:4. Now, I am trying this method real time with actual charts. It gives me some interesting numbers. I have done 4 trades with 50% of success. I have lost $460 and won $3 513. Yes, it is output only from 4 trades, but it is still working great.
More about New Trade technique with tradeable patterns in near future.
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