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FxMasterGuru (FxMasterGuru)
Dec 01 2016 at 15:59
1607 posts
Nemefis posted:
Its because the starting balance was 500$. After that in October, we added about 3500$ and had some loosing trades in November. Thats why the profit absolute profit is shown as 1.5%. Correct gain is 21.23%.


@Nemefis

What really counts is the Average Monthly Profit : Max. Drawdown Ratio. It is the modified CALMAR RATIO.

If this ratio is above 1:1 the strategy qualifies for 'very good' in my books. Anything above 2:1 ratio is 'excellent' and strategies with ratios above 3:1 deserve to be called 'miracles'.

So your startegy is 'very good' based on this ratio (1.3 : 1 to be exact). My question: why keeping the lot sizes (and the absolute profits) so small with such a 'very good' strategy...?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
patrickx (patrickx)
Dec 01 2016 at 19:13
86 posts
Agree with this. For me personally, all other stats are irrelevant...

FxMasterGuru posted:
What really counts is the Average Monthly Profit : Max. Drawdown Ratio.

My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
aeronthomas (aeronthomas)
Dec 02 2016 at 08:49
1557 posts
FxMasterGuru posted:
Nemefis posted:
Its because the starting balance was 500$. After that in October, we added about 3500$ and had some loosing trades in November. Thats why the profit absolute profit is shown as 1.5%. Correct gain is 21.23%.


@Nemefis

What really counts is the Average Monthly Profit : Max. Drawdown Ratio. It is the modified CALMAR RATIO.

If this ratio is above 1:1 the strategy qualifies for 'very good' in my books. Anything above 2:1 ratio is 'excellent' and strategies with ratios above 3:1 deserve to be called 'miracles'.

So your startegy is 'very good' based on this ratio (1.3 : 1 to be exact). My question: why keeping the lot sizes (and the absolute profits) so small with such a 'very good' strategy...?


You have the same thinking as me, I also like systems that have an average monthly profit equal to or higher than the maximum drawdown. These systems are very rare, I have started a new thread to uncover these systems. Everyone is welcome to post other systems they come across that meet these very stric criteria. Hopefully this thread won't have many posts but the systems will be great ones. Here's the link for this new thread https://www.myfxbook.com/community/general/profitable-systems-monthly-return-higher/1323134,1

patrickx (patrickx)
Dec 02 2016 at 10:22
86 posts
Great idea, I'll join you there:-)

aeronthomas posted:
You have the same thinking as me, I also like systems that have an average monthly profit equal to or higher than the maximum drawdown.

My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
SaltyWaters
Dec 02 2016 at 19:44
247 posts
FxMasterGuru posted:
Nemefis posted:
Its because the starting balance was 500$. After that in October, we added about 3500$ and had some loosing trades in November. Thats why the profit absolute profit is shown as 1.5%. Correct gain is 21.23%.


@Nemefis

What really counts is the Average Monthly Profit : Max. Drawdown Ratio. It is the modified CALMAR RATIO.

If this ratio is above 1:1 the strategy qualifies for 'very good' in my books. Anything above 2:1 ratio is 'excellent' and strategies with ratios above 3:1 deserve to be called 'miracles'.

So your startegy is 'very good' based on this ratio (1.3 : 1 to be exact). My question: why keeping the lot sizes (and the absolute profits) so small with such a 'very good' strategy...?


We shouldn't forget the most important factor here 'TIME'.
The Calmar Ratio is calculated as the Average Annual rate of return computed for the latest 3 years divided by the maximum drawdown in the last 36 months.
Accounts with less than 3 years shouldn't be taken into consideration.
This is one of the reasons people lose their money when investing. They are to fast jumping into something hasn't been proven yet. Greed blinds them and they don't consider 'time' as a factor for success.

Kingace (Kingace)
Dec 04 2016 at 07:52
40 posts
@FxMasterGuru

Please can you help me analyse my account and strategy? how am i fairing? how would you qualify my strategy? what is my monthly ratio? is it 1> 1 or 2 t> 1?

I hope to be a better trader so any criticisms are welcome

Proverbs 22 vs 29
Kingace (Kingace)
Dec 04 2016 at 07:53
40 posts
Nemefis (Nemefis)
Dec 04 2016 at 08:06
7 posts
There will be an account with more aggressive settings in January, probably with risk factor 2.5 or 3 and monthly profit target of around 10%.

I expect for the ratio to go up in the coming months, maybe even to 2:1. It used to be 2:1 but it went down in the last month due to a couple of loosing trades.

David
davidking99
Dec 04 2016 at 08:28
90 posts
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zk74
Dec 04 2016 at 08:41
55 posts
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