Sounds like an interesting statistic - thanks for the suggestion!

+1 here

Hmm, it makes my system look worse than it is. I'm trading the all-history grid and in this case, it's expexted to have orders open for a very long time and huge DD even though it (in theory) comes back in the end for a 'small' profit. The trading gridlines and orderlotsizes is based on the full range and Equity, and there's no problem having prolonged drawdown. The danger is, when the currencies move beyond their historical boundaries, like the EURCHF, CHFJPY and the USDJPY, but my strategy involves diversification to make profits anyway, along with the widening of gridlineseparation with lower Equity, and using filter to only trade when the trend moves towards the middle for reducing DD.
I know some of you in here doesn't think there's any real profitability or 'trading' in this kind of strategy, but so far it works for me.
Until now, it seems Equity% is floating somewhere between 50 and 80, and that's fine by me, as long as the strategy pulls the 6% a month after a 'order build up' period.

If the graph is showing the gain in % versus the Risk in % and an average holdingtime for the symbol combined with magicnumber I think its alright, otherwise, I'll have to say no.

So far I'm neutral...

Krysztau posted:
    I think in both cases 200 pips in microlots vs. 20 pips in regular lots as well as in case of 'wide range strategy' you still have room to fill 'system description' space. I think if someone is examining system will certainly read creator's description.
I think this stat will filter out scammers that says they are scalpers, but in fact are holding trades for hours just for few pips profit.

Bare in mind that it's just another idea for sorting data [now I do this sort of research myself anyway].


We must create some sort of python script that downloads the .csv file from myfxbook.com and automatically generates graphs and all sorts of data. Opensource it on google code , we will rapidly be able to zero down on the three two or even one account that is generating profits with acceptable risk .

Another idea is to merge the length of time held factor with the pips gain : draw-down factor , if a position remains in draw down for to long and subsequently rallies, any such rally would be more due to random luck then market insight. See
http://www.myfxbook.com/community/suggestion-box/add-column-for-draw-down/52604,1

1) The length a losing position was held must be factored. If a losing position takes to long to rally then the 'random luck' factor increases. Each trade is assigned a 'random luck' factor weighted for equity used, meaning a standard lot will have more impact on this factor than a micro lot. The overall account is assigned this averaged out 'random luck' factor.
2) Length a winning position was held expressed as single number weighted for all trades. Holding a micro lot for one year on an equity of $10000 should have a very small impact.


The time it took for a trade to rally and the draw down incurred must be combined and rolled into a single number to quantify the account and differentiate it from gambling as opposed to market insight.

Trading periods should also be tagged as either being in a trend, counter trend or break-out. This is done to differentiate accounts that traded in the direction of the trend only , but not yet in a counter trend. A trader must be able to trade a ranging and trending market.