Never had such a bad lose streak before, but risk is controlled. I know getting lose streaks happens, but never had any above 3-4. I know this is possible on paper and in theory. But how often does this happen to you?
When trading well I've been known to win 20 in a row and badly losers in a row, literally. Sure your not doing something different? Recently wasn't getting enough profit on my trades, running a tight SL which meant i was just waiting for SL to fill, which caused a string of losers.
If you know your win rate r you can trivially calculate the probability of a certain sequence length N of your trades being all losers as (1 - r)^N. E.g. with 40% win rate almost 3% of trade sequences of length seven will be all losers.
I have lost 23 trades in a row twice in my time, I imagine one day will break this as well. How is we seldom ever think much of profitable trades in a row but we get all out of favor for losing? Systems cycle to ever changing conditions and before you know it will return to what is normal for your methods.
mr metatrader54, Congratulations on staying in the game. number of losing trades in a row cued to the spot of interest: max drawdown mae