SharePosts by 0AFK0
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expectancy per unit risk should be based on the stop loss, so if you make a 100 trades, each with a stop 20 pips away on opening and each one of those trades closed out at +40 then expectancy would be 2 since you can expect to make 2 pips every time you risk 1 pip. Naturally I see the problems inherent in this such as moving stops, or not trading with a stop loss, however for those that trade with a fixed stop loss it would be a good method of evaluating system performance that takes account balance out of the equation..
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I see a lot of views and few votes so perhaps I'll clarify a tad more: This feature would allow tagging trades not only with tags representing different strategies, but also tags relating to things like how well a trade was managed, wether the entry was good or bad, what the market conditions were at the time, etc. This would allow analysis of how well a strategy performs under different market conditions, how well it performs with poor entries and so on. Another way in which this could be done is to have a separate tag for every possible combination of strategies, market conditions and trade ......
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bumpty bump.
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How about showing expectancy per unit of risk? For example expectancy in pips per pip risked, or dollars per dollar risked. It's almost the same thing that the author requests and definitely servers the same purpose (which is why I voted for this)...
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Hey! I like the tagging feature a lot, but I have one issue with it - let's say I create one tag for a break out strategy called BO, and two tags to differentiate between trades with an optimal entry (OE) and trades with a poor entry (PE). Every time I trade a breakout I apply the BO tag and one of the other two depending on wether I got a good entry or not and I'd like to be able to do custom analysis that displays a dedicated curve for trades having the tags BO and OE applied to them and a separate curve for trades with the BO and PE tags, rather than having 3 curves - 1 for BO, 1 for OE and......
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It could be integrated into the comments section - we click on the comment button, the comment window slides down, like it does now, and along with it the come the strategy tag buttons. Voila!
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Hmm... Speki has reminded me that Oanda uses the comment section to store the ticket number, which would make tagging using the comment section impossible for us Oanda users unless the comment section is modified... The idea of predefining tags and applying them to trades using a dedicated button seems more convenient...
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4+ pluses ?!?! Monkey balls!!! That's like a billion people in the real world - with that kind of popular support, you are surely already working on implementing this ;). BTW Will's idea of tagging trades using the comment box is very good too. Personally I don't care if its done using a dedicated button or using the comments.
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The problem is that most of us here don't have the account balance to make 5% a moth enough to pay the bills, let alone live the millionaire-playboy lifestyle that we are after. That being said, what's reasonable depends on the risk taken to achieve it - making 5% a month whilst risking 10% per trade and trading 5 times a day is ridiculously inadequate.
People who look at the likes of Warren Buffett, who averages about 30% a year as a benchmark for traders forget that he is not a trader. He can count the number of transactions he makes every year on the fingers of one hand and his preferred h......
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[quote]trixifx posted:
Yes, but the effect on the NAV will still be the same. In your example, the account will still have a big unrealised loss.
End of the day, realised gains count for little if you can still get margin-called on your existing trades. Just ask the gridders from a few years back.
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That. The FIFO rule is pointless, but complaining about it makes no sense either - just like the inability to hedge in the same instrument, FIFO does not affect anybody's capacity to make (or lose) money. Anyone saying otherwise is fooling himself. It's best to think about your net ex......
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