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Whats your opinion on the most important aspects of a trading system
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rickyb

Member Since Oct 23, 2014  72 posts rickyb May 30 at 00:36
expectancy is by far most important figure.anything above 1 and you can maintain for years means you will make big money.you can adjust all other inputs around this number.

kc8yty

Member Since Nov 19, 2017  12 posts Mike (kc8yty) May 31 at 05:52
rickyb posted:
expectancy is by far most important figure.anything above 1 and you can maintain for years means you will make big money.you can adjust all other inputs around this number.



I know hat you mean now. R _expectancy Thank you for your input everyone

"Formal education will make you a living, self education will make you a fortune"
DeepakMallaya

Member Since Sep 03, 2019  2 posts DM (DeepakMallaya) Jun 14 at 06:03
@rickyb

Do you mean expectancy in terms of R as Vantharp describes or do you mean expectancy in dollars as shown in Myfxbook?

PROFITINGSYSTEMS

Member Since Jun 04, 2020  48 posts ProfitingSystems (PROFITINGSYSTEMS) Jun 14 at 11:23
Most important aspect of trading is making profits, nothing more.

bennieriley

Member Since Jun 09, 2020  6 posts Bennie Riley (bennieriley) Jun 15 at 13:43
In my opinion, trading strategy and risk management are the most important aspects.

greenbandits

Member Since Feb 08, 2019  15 posts Anthony Ramos (greenbandits) Jun 15 at 17:17
PROFITINGSYSTEMS posted:
Most important aspect of trading is making profits, nothing more.


funny but absolutely true..
What's the point if not to be profitable

Insta-@Greenbandits #TradeLikeaBandit
rickyb

Member Since Oct 23, 2014  72 posts rickyb Jun 18 at 04:19
DeepakMallaya posted:
@rickyb

Do you mean expectancy in terms of R as Vantharp describes or do you mean expectancy in dollars as shown in Myfxbook?

i have not heard of vantharp so had a quick read online. i agree he said ' So in the real world of investing or trading, expectancy tells you the net profit or loss you can expect over a large number of single-unit trades. If the total amount of money lost is greater than the total amount of money gained, you are a net loser and have a negative expectancy. If the total amount of money gained is greater than the total amount of money lost, you are a net winner and have a positive expectancy.'i was thinking expectancy in pips for forex.why it is good is after hundreds of live trades you can get a idea of return after all the good and bad trades and costs.i currently have a system that has a expectancy between 2-3 pips after 137 trades on 1 pair usd/jpy.with 20 pip stop loss.i am very happy with that as i can increase lot size more and more if i retain same numbers over more and more time.so is around 10% of stop loss.if you have big stop losses and big take profit your expectancy should should be higher.

rickyb

Member Since Oct 23, 2014  72 posts rickyb Jun 18 at 04:35
to add to confusion there are many traders with negative pip expectancy and positive dollar expectancy. also the other way around.positive pip expectancy and negative dollar expectancy.for a robust system have both and play it safe.

DeepakMallaya

Member Since Sep 03, 2019  2 posts DM (DeepakMallaya) Jun 18 at 06:43
@rickyb

Thanks for the reply.
As you described , am of former type (' negative pip expectancy and positive dollar expectancy') .
But my avg Win $ is 1.75-2 times Avg Loss.

fxsc1lper

Member Since Nov 17, 2012  328 posts Fx Scalper (fxsc1lper) Jun 19 at 11:10
RR / DD

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