FXTopGunTrading posted:
http://www.myfxbook.com/members/FXTopGunTrading/fxtopguntrading/143610

NextLevelForex posted:
    SaltyWaters posted:
    <a href='' target='_blank'><img src=''/></a>


Hi SaltyWaters,

Can you provide more details? There is nothing in that picture that would allow me (or anyone else reading this thread) to evaluate how profitable your system/method is. Win % values, without the average pip gain/loss, are pretty much useless. Also to compute the metrics I'm using (the most talked about in this thread are Pips Expectancy and Expectancy Ratio), I'll also need the total number of pips made by the 40 trades shown in the picture.


This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.

I will provide detail from another Live/Real account on my next post.

Thanks a lot!

SaltyWaters posted:
This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.


Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.

The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.

Take care,

Remus

NextLevelForex posted:
    SaltyWaters posted:
This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.


Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.

The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.

Take care,

Remus




It's showing in pips because I have the option to show it in either way. In this case it was set to show how many pips I have realized (Equity) and how many I have done in Total (Balance). It's just a matter of switching it to dollars.
In pips I can see the pair's performance in pips.

I don't want to connect my platforms to Myfxbook because how do I know if there isn't a script that will read all my MT4 folders and copy my code.

Anyhow I should mention, the fee that I do charge is 25% for the investor and 75% for my work.


Cheers,

Salty

I hate math, really hate :(

Is my calculation correct??

Here's my data on (9/3) :

total trade : 500
total pips gain : 13463
averages win pips : 45.59
averages loss pips : 60.45

Pip expectancy : 13463/500 = 26.92
Expectancy ratio : 26.92/60.45 = 0.44

It's good or bad trades??

my account : http://www.myfxbook.com/members/copett/opera-van-java/107647