Today I took 3 losing trades. After that I decided I won't trade more for the day. I've overlooked the numbers by now and the problem is clearly not having backtested the strategy enough and making simple mistakes in decision that cost me money as well as risk to reward ratio that should be at least 1 or better depending on right to wrong ratio, which has lead to average losses being greater than average gains.

Further plans:

1. develop and backtest the strategy on the weekend
2. choose one certain currency pair to trade and ignore the others until that pair is producing constant profit in at least on 50 trades
   

Strategy planning:

1. risk to reward at least 1,5:1 (depending on right to wrong ratio)
   
2. 4h charts
3. SL risk level of 1%
4. right to wrong ratio at least 50% or better
   

Looking forward to continue with the journal as soon as I've got a strategy that corresponds to the points listed above.




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