Please give me your thoughts
The Key i believe is psychology. You need to have complete faith in the quality of your system/plan. So much that emotion will be little , you will simply be entering setups you have found to be more probable through back testing. With controlled risk management throughout as well as RISK:REWARD (3:1-5:1 etc) you will be profitable in the long term simply based on probability.
If you approach it this way its a lot easier and less stressful you are just carrying out instructions. If you end up being unprofitable over say a 6 Weeks then you switch back to simiulation whilst studying your Wins and losses. If you study them enough eventually you wil find some sort of similarity amongst them , whether it be structural , time of day etc. Once you find a re occuring confluence or market condition that seperates your wins from losses you implement that into your plan.
For example you might find 70% of your losses happened during asia. You will now trade sim with your previous plan with the additional rule you do not trade setups during asia. You have now increased the probabilty of your entries , you are now more profitable than before. This is a process you keep doing , even once you become profitable , the constant chipping away of bad confluences will slowly improve your system. You will always lose , there will never be a perfect system but you by no means need a perfect system to do well.
The Key i believe is psychology. You need to have complete faith in the quality of your system/plan. So much that emotion will be little , you will simply be entering setups you have found to be more probable through back testing. With controlled risk management throughout as well as RISK:REWARD (3:1-5:1 etc) you will be profitable in the long term simply based on probability.
If you approach it this way its a lot easier and less stressful you are just carrying out instructions. If you end up being unprofitable over say a 6 Weeks then you switch back to simiulation whilst studying your Wins and losses. If you study them enough eventually you wil find some sort of similarity amongst them , whether it be structural , time of day etc. Once you find a re occuring confluence or market condition that seperates your wins from losses you implement that into your plan.
For example you might find 70% of your losses happened during asia. You will now trade sim with your previous plan with the additional rule you do not trade setups during asia. You have now increased the probabilty of your entries , you are now more profitable than before. This is a process you keep doing , even once you become profitable , the constant chipping away of bad confluences will slowly improve your system. You will always lose , there will never be a perfect system but you by no means need a perfect system to do well.