Wasted Pips report vote results
Wasted Pips report Discussion
Jan 25, 2012 at 10:12
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Jan 25, 2012 at 10:12
Scenario:-
You make a trade plan, it has a target, you enter, you manage, you close it before its target for some reason.
If you had left the trade alone you it would have hit your target, so now you have wasted pips.
Have a colum that you can log the wasted pips to help you identify which of your in trade management actions are costing you the most profit.
Report
75 trades total
10 trades Tagged 'moved stop too soon' giving a total 300 pips wasted.
Also possibly include a theoretical equity line to show your true potential had you followed your plan.
You make a trade plan, it has a target, you enter, you manage, you close it before its target for some reason.
If you had left the trade alone you it would have hit your target, so now you have wasted pips.
Have a colum that you can log the wasted pips to help you identify which of your in trade management actions are costing you the most profit.
Report
75 trades total
10 trades Tagged 'moved stop too soon' giving a total 300 pips wasted.
Also possibly include a theoretical equity line to show your true potential had you followed your plan.
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