ATS: +1.91R, Long Mechel Open Joint Stock Company (MTL)
+1.91R
+$371.50
+$371.50
Kind of a disappointing finish, as less than an hour into the close the automated trading system was up over 5R (5 times our risk per trade). But then some of our short positions ran up into the close. I looked over the trades and most of them seem like nice trades - just a couple that didn’t work out, and some that did. The best trade was going long MTL for 3R:
So far for the month, the system is up 5.62R on 40 trades with an expectancy of 0.14R per trade. The win rate is only 37.5%. Hopefully this will improve for the month, but at least it is profitable.
