Some basics to share.
This is what I learned about 12 years ago and exactly this is what I use daily and never forget of. Easy but really helpful. Save it!
Thanks for sharing
I often change my strategy during the day and then regret...
Btw, read that the day of the week sometimes matters for the trading results. Do you consider this fact?
Thx for the setups. But the question is how can i understand that my strategy is okay? That I should not change it
Firsty, your stats will show you the results.
Secondly, you can use a recovery factor, for instance.
It is a ratio of the profits to maximum drawdown.
The way to assess your trading system:
The higher RF is, the faster recovery is going. The system with higher RF is preferred
Look at the illustration below. The idea is simple and effective!
