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PeterLoew
Feb 03 2019 at 08:28
3 posts
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!

jamesgwyther
Feb 04 2019 at 08:19
289 posts
Not heard of this ratio but if you show proper risk management with your strategy then you should be fine.

vontogr (togr)
Feb 04 2019 at 10:04
4862 posts
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

PeterLoew
Feb 08 2019 at 07:40
3 posts
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.

niceGLer
Feb 08 2019 at 17:15
164 posts
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
Feb 10 2019 at 07:21
2 posts
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.

Christabelle23
Feb 10 2019 at 07:26
12 posts
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.

vontogr (togr)
Feb 11 2019 at 11:02
4862 posts
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
Dec 08 2020 at 19:51
341 posts
A solid plan can help you to build a good trading career in the forex market.

Henreyedwards
Dec 17 2020 at 06:49
21 posts
Try using some other strategy and make sure it is right. Work on your risk management and that will be good for you.

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