I am posting my results to prove that with a good system and proper money management you can make money. August was a vacation month with fewer trades, more selective trades. Another very successful month growing equity by +24%.
Let's Analyze
Profit Factor = profit/loss =1.94 not bad, I average about 1.6
Drawdown= 9.7% a bit high should be less than 5%, ideally 3%. This is were you move your stop loss thinking that price will hit the next level (sup/res/fib) and turn in your favor, wrong!!!
Total Trades = 42 which means about 2 per day due to vacation- with my trading methodology on 1HR charts I consider between 2-6 per day to be ok, more than 6 you might be overtrading.
Profit Trades= 59.52% which means that the nice RR and proper placing of stop-loss and target did most the work.
Consecutive profit= 10
Consecutive loss= 2
I hope this helps your psychology and trading.
Simply amazing!!