[quote=MLiddy;5727]Hi,
I've been using MTP to trade both ASX and US stocks EOD since the beginning of September. Figures on closed trades, inclusive of slippage and commision are:
ASX
5 Trades
40% Wins
2.31 R Gain
0.46 Expectancy
I'm not one to ponder over 'what ifs', but after going through the ASX trades i mentioned the other day, thought it would only be fair to MTP to post the results of what should have happened with the standard guidelines, and without the mistakes i made while learning the software.
Of these 5 trades, 3 were shorts, which i took against a blue STF (mine at the time showed black, as i had settings wrong
), so should not have been taken. One was stopped out for breakeven, the other two for -1R losses.
With my false black STF, i closed a TS1 setup on CSL at 3R. With WPT's this would still be open, or ATR would have closed it a couple of days ago for a 6.4R Gain!!! So, in accordance with MTP rules, i would have only closed two trades, but would have a 7.8R total gain!
Also currently have open TEL, which I'm trailing with ATR Stop, as I got in at the end of the ABC correction following an important low.
I know that my results are inconclusive due to such a small sample for both the Aussie and US Markets, but they are encouraging!
Cheers
Matt