Using the previously described setup, I have been making numerus paper trades to try and analyze the results. I am definitely not ready for active trading yet. MyÂ probability ofÂ for a win [p(W)] was only 0.42. I calculated my Win/Loss ratio value which was negativeÂ @ -0.93. I do not mind keeping my p(W) that low, though it would make things harder, but I need to turn profits before I go live. Ideally, I want to know I can cover the costs of some of the tools I will need.
Which is bringing me to a bottleneck because my TeleChart trial expires, it will be more difficult to paper trade and try different scans and pcfs.
Since I cannot find a trial for MetaStock, I may have to buy it for a month to try it. Than decide on the final tool used and subscribe prior to going live to finish setting up my strategy.