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
Membre depuis Aug 05, 2017
posts 289
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)
Membre depuis Feb 22, 2011
posts 4862
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
Membre depuis Nov 13, 2015
posts 2
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
Membre depuis Feb 06, 2019
posts 12
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)
Membre depuis Feb 22, 2011
posts 4862
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
Membre depuis Jul 20, 2020
posts 341
Dec 08 2020 at 19:51
A solid plan can help you to build a good trading career in the forex market.
Henreyedwards
Membre depuis Oct 23, 2020
posts 21
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
Membre depuis Nov 18, 2020
posts 26
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
Membre depuis Jul 19, 2020
posts 318
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
Membre depuis Jul 20, 2020
posts 298
Feb 03 2021 at 01:55
I think money management and risk management can only keep investments safe.
SteveHanks
Membre depuis Mar 17, 2021
posts 536
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
Membre depuis Jul 23, 2020
posts 869
Oct 03 2021 at 14:36
Control your risk otherwise, you will not survive long.
SofieAndreasen
Membre depuis Jul 23, 2020
posts 759
Oct 03 2021 at 14:46
I use a maximum of 5% risk per trade and my risk-reward ratio is 1:3.
The optimum option for risk management practice is to open a position with no more than 5% from your total deposit. Moreover, you have to use sl and tp in order to reduce risks during trading. Guess that the best ratio is 1:3. It affords you to earn money and not to lose it actually. Nevertheless, everybody decides by himself which risk percentage to choose. There are some traders who open position with 20-30% from their total deposit and it's very risky.
Anyway, you have to be acquinted with the theory of risk management and money management practices in order to understand their mechanics.
Anyway, you have to be acquinted with the theory of risk management and money management practices in order to understand their mechanics.
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