Hi friends,
Currently I have back tested my system and its working fine, so I will start to check it by paper trading for few weeks, but what i found as an issue last time with my previous system is with paper trading it worked well giving around 12% returns on average over two weeks but when i implemented the same, stops got hit frequently so what happened is most of my winning trades became break even and loosing trades were loosing, does this mean i am not placing stops at correct places, usually my stops were 0.25% away from my entries.
Please advice how much days i should test any system by paper trading before going into live trading with small quantities to test my confidence and also if some one can advice on stops, whether anything I am missing to take into account while putting stop loss, it would be great.
Thanks in advance. Waiting for senior traders help on my query here.
regards,
Mukunth.
Currently I have back tested my system and its working fine, so I will start to check it by paper trading for few weeks, but what i found as an issue last time with my previous system is with paper trading it worked well giving around 12% returns on average over two weeks but when i implemented the same, stops got hit frequently so what happened is most of my winning trades became break even and loosing trades were loosing, does this mean i am not placing stops at correct places, usually my stops were 0.25% away from my entries.
Please advice how much days i should test any system by paper trading before going into live trading with small quantities to test my confidence and also if some one can advice on stops, whether anything I am missing to take into account while putting stop loss, it would be great.
Thanks in advance. Waiting for senior traders help on my query here.
regards,
Mukunth.