Hi guys !
After 100 trades on my acc ( and 11 weeks , by the way ),
I've just decided to share with you some interesting information about the approach to our trading and its evaluation😉
There are numbers from my account ( https://www.myfxbook.com/members/Prof88/man-trading/2215459
profit : 1239.78 $ ( average weekly trade = 112.71 $ )
trades : 100
st.deviation : 17.17 $ ( 17.17x100/11 = 156 $ /week )
Now, look at this wonderful tool :
P&L Forecaster Using Average Trade and Standard Deviation
The P&L Forecaster is for discretionary and automated traders who wish to forecast their future P&Ls and gain insight and understanding into their edge in the markets.
The Forecaster is based on the Axiom of a Small Edge which says that the mean and standard deviation of trades over time are a more accurate predictor of a trader's future P&L than win percentage and win/loss ratio.
I used it for the forecast of my trading for future 100 weeks ( ~ 2 years ) :
....not bad curve, imho 😄 with 11 265 $ after 100 weeks.....this will be ~ +460 % to current equity or about +20% per month.