When is the best time to create "Numeric" property?
For example. Let’s create "TP Non-income" property in points. It means when trading
we set TakeProfit at a particular level. For each Transaction
we specify how many points the price does not reach our order, turns down, and
we don’t get income or we get non-income. For TP, we set 0 for
Transactions, that is, the price does not reach the order. For SL the price was
far from TP, here the Transactions’ value is -1.
Let’s assign the
appropriate value to each Transaction
Transactions looks like this:
Now open the
report and see what happens and how this can help us:
We see that most
non-income Transactions resulted from the fact that the price did not reach TP. If we set TP
order at 10 points less, then we could have 6 income
Transactions more, but we get 6 extra non-income ones. Each Transaction
should be examined and analyzed to see why the price did not reach our orders
and turned away. One of the possible reasons is strong support/resistance, or
we were too greedy.