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
Mitglied seit 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)
Mitglied seit 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
Mitglied seit 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
Mitglied seit 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)
Mitglied seit 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
Mitglied seit 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.
Henreyedwards
Mitglied seit Oct 23, 2020
21 Posts
Dec 17 2020 at 06:49
Try using some other strategy and make sure it is right. Work on your risk management and that will be good for you.
Richarlison872
Mitglied seit Nov 18, 2020
26 Posts
Dec 28 2020 at 04:54
I can't really say if that ratio is okay or not but if you keep your focus on proper risk management, you will be just fine.
GeorgeBischof
Mitglied seit Jul 19, 2020
318 Posts
Dec 28 2020 at 19:28
Forex is the platform where you can earn a big amount of money. But to earn money you need to have proper knowledge and experience. Otherwise, you will lose all your money in this market.
LeviSievwright5
Mitglied seit Jul 20, 2020
298 Posts
Feb 03 2021 at 01:55
I think money management and risk management can only keep investments safe.
SteveHanks
Mitglied seit Mar 17, 2021
536 Posts
Mar 19 2021 at 06:51
Market doesn’t respond same in all. Some certain time zone always market become less volatile on the other hand become more volatile. Find the most suitable time table for your trading style.
LyudmilLukanov
Mitglied seit Jul 23, 2020
869 Posts
Oct 03 2021 at 14:36
Control your risk otherwise, you will not survive long.
SofieAndreasen
Mitglied seit Jul 23, 2020
759 Posts
Oct 03 2021 at 14:46
I use a maximum of 5% risk per trade and my risk-reward ratio is 1:3.
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