WE have a new member of the team
In this week’s episode, we joined by a new member of the team Joseph Koma. Started trading taking interest in trading in 2016.
He shares his journey to date.
We explore the coin toss experiment using a SoftFX Simulator. A cool tool for backtesting systems and to practice trading and risk management. It lets you trade real historical data.
The rules of our coin toss were system were
· Heads: Long
· Tails: Short
· Stop loss: 3xATR
· Take profit: 9xATR
· Risk per trade: 2%
· Hold the trade to profit or loss, No trailing.
Here’s the summary
Initial balance: $10 000
Total Trades: 40
Profit Trades(% of total): 11(27.50%)
Loss trades(% of total): 29(72.50%)
Larges profit trade: $621.00
Largest loss trade: -$226.80
Average profit trade: $522.74
Average loss trade: -$186.46
Maximum consecutive wins: 2
Maximum consecutive losses: 8
We share our lessons and thoughts on the exercise.
Resources:
SoftFx Simulator: https://soft4fx.com/software/forex-simulator.php
Find us on
Njabulo: https://twitter.com/njabulo_goje
Village Trader: https://twitter.com/villagetrader2
Joseph: https://twitter.com/Tumi_Koma
