Veera's Trading Diary

[pannet1]

My Strategy Backtesting Result:

Timeframe: Hourly
Period: jan 2008 to dec 2017 (9 years)
Profit: 1402% (avg 13% per month)
Maximum system drawdown: 2.99%
Total trades: 1857 (avg 0.85 trades per day)
Risk Reward Ratio: 1.4
Winners: 76.20%

Happy Trading...
Veera.

way to go.
now, you see your confidence its going to be sky high.
double your drawdown expectation. 2.99% x 2
assume that your 1st trade is going to be the beginning of the drawdown.
just follow your system without fail.
you should be back to your winning ways.

wish you good luck.

its my wish that you never hit 3% but if you hit 5.98%, take a break or vacation.
analyse your trades.

note: all the above is what my mentor taught me. my respect to him at this time.

 

[Raj232]

My Strategy Backtesting Result:

Happy Trading...
Veera.

Congrats Veeramuthu for starting this thread. Backtesting has been proven to be inconsistent.
A friend had automated the strategy which was giving these results, but the 1st 2 months itself was quite a loss due to whipsaws. Moreover, a drawdown of just 3% is an extremely good system.. just my 2 cents

 

[Veeramuthu JJ]

You said it is a discretonary trading system how did you backtest the system ?
Are you sure Maximum system drawdown is just 3%
No loosing streaks ? What about Sideways markets ?

Can you pls post few charts to understand your strategy better ?

Last 6 years I used discretionary trading system. Now i am using a defined strategy which can be backtested.
maximum consecutive winners 33 in 9 years.
maximum consecutive lossers in a row is 5.

nifty hourly last week attached below.

 

[Veeramuthu JJ]

way to go.
now, you see your confidence its going to be sky high.
double your drawdown expectation. 2.99% x 2
assume that your 1st trade is going to be the beginning of the drawdown.
just follow your system without fail.
you should be back to your winning ways.

wish you good luck.

its my wish that you never hit 3% but if you hit 5.98%, take a break or vacation.
analyse your trades.

note: all the above is what my mentor taught me. my respect to him at this time.

Thanks for your guidance.

 

[imfine]

Hi Friends,

I had started my trading journey before 6 years on may 2012.
I had completed 200 real trading days in 6 years.
So far lost 2 lakhs in 6 years.

I had traded in Crudeoil, Silver, USDINR, NSE index futures & stock futures.
I had used 1,5,15,30 minute charts for trading.

Previous week traded in stock futures in 15 min timeframe and not able to succeed.
Now created one strategy which working well in hourly timeframe in NIFTY and BANKNIFTY Futures.
From monday onwards i will trade that strategy and give updates here.

My full trading journey shown in this excel sheet.(Download link)

Happy trading...
Veera.

All the best. You will surely cover your loss and improve. Stick to your plan and do it persistently. Keep posted.

 

[Subhadip]

it is very easy to solve your problem in mind & method is not the problem...... work on the fixed R:R method in money mgment...

All the BEST

 

[Veeramuthu JJ]

Trade: 1
MTM Loss: -2880
Stoploss hit
Short Banknifty 1 lot
Entry price: 25770
stoploss price: 25842
Target price: 25669

 

[Veeramuthu JJ]

Trade: 2
MTM Gain: +2707
All Days Total MTM: -173
Squared off at market close 10540
Short nifty 2 lot
Entry price: 10558
stoploss price: 10572
Target price: 10512

 

[jagankris]

Trade: 2
MTM Gain: +2707
All Days Total MTM: -173
Squared off at market close 10540
Short nifty 2 lot
Entry price: 10558
stoploss price: 10572
Target price: 10512

Still using discretion for exit ? or it was as per the system ?

 

[Veeramuthu JJ]

Yesterday I had backtested my strategy using square off at market close setting.
It is giving same results just like overnight trading.
So switched to only intraday trading.
So that exit is as per system at market close.