What is a proper risk of ruin percent on myfxbook?
Hi everyone,
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
jamesgwyther
Member Since Aug 05, 2017
289 posts
Feb 04 2019 at 08:19
Not heard of this ratio but if you show proper risk management with your strategy then you should be fine.
vontogr
(togr)
Member Since Feb 22, 2011
4862 posts
Feb 04 2019 at 10:04
PeterLoew posted:
Hi everyone,
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting
togr posted:PeterLoew posted:
Hi everyone,
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting
Oh okay, that is good to know! I was worried that maybe this helps dictate how good my strategy is doing.
Thanks for the insight.
togr posted:PeterLoew posted:
Hi everyone,
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting
One wrong move and all risk analysis is thrown into garbage.
jameszenblade
Member Since Nov 13, 2015
2 posts
Feb 10 2019 at 07:21
Hi if you want to learn this things you can take courses like astroFX,infite-prosperity.com and wallstreetacademy.
i can help you with those because im sharing their lesson to everyone who have struggles on those problems.
i can help you with those because im sharing their lesson to everyone who have struggles on those problems.
Christabelle23
Member Since Feb 06, 2019
12 posts
Feb 10 2019 at 07:26
togr posted:PeterLoew posted:
Hi everyone,
I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?
I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?
Thanks!
That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting
I'm sure there's some sense in it, although I don't understand how it works either.
Sharpe ratio...I think anything above 1 is good? The higher the better.
Christabelle23
vontogr
(togr)
Member Since Feb 22, 2011
4862 posts
Feb 11 2019 at 11:02
jameszenblade posted:
Hi if you want to learn this things you can take courses like astroFX,infite-prosperity.com and wallstreetacademy.
i can help you with those because im sharing their lesson to everyone who have struggles on those problems.
Nope. You can best calculate your own system risk.
You just need grammar school math, nothing else.
ElliotCooke
Member Since Jul 20, 2020
341 posts
Dec 08 2020 at 19:51
A solid plan can help you to build a good trading career in the forex market.