Hi,
Just wanted to post an update to my results on US and Aussie Stock trades. I started trading both at the start of September last year, so four months in.
S&P500, Nasdaq100
Trades 41
Win 11
Loss 14
Percent W/L 46%
Expectancy 0.4
R Gain 16.6
ASX300
Trades 12
Win 4
Loss 5
% W/L 46%
Expectancy 0.39
R Gain 4.62
These are all closed trades, and are actual results including commision and slippage. I've been trading Automatic TS Setups (with restrictions on and filtered by me for the look of them) and trading only with the overall market trend (long). I've used the Profit targets mostly, but have started using the ATR on TS1 setups, in the hope of running these a bit further.
One thing i am now trying to do is to increase the opportunity, without too much of a fall in expectancy. I am trying to do this by scanning for trades at the minimum WPT as well as the typical, and by scanning for valid TS4setups. I'm only taking these in the direction of the individual stock and the overall market STF.
Would be interesting to know how others are using the scanner, and whether anyone has done a comparison between setups taken at Min or Typical WPT, as well as how important the market STF and the Stock STF are. I'm happy with my results so far, but if i can create more opportunity (even if the expectancy drops a bit), i'll be even happier
Cheers
Matt