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What is a proper risk of ruin percent on myfxbook?

PeterLoew
Feb 03 2019 at 08:28
3 ieraksti
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 ieraksti
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 ieraksti
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 ieraksti
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
169 ieraksti
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 ieraksti
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 ieraksti
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 ieraksti
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 ieraksti
A solid plan can help you to build a good trading career in the forex market.
Henreyedwards
Dec 17 2020 at 06:49
21 ieraksti
Try using some other strategy and make sure it is right. Work on your risk management and that will be good for you.
Richarlison872
Dec 28 2020 at 04:54
26 ieraksti
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
Dec 28 2020 at 19:28
318 ieraksti
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
Feb 03 2021 at 01:55
298 ieraksti
I think money management and risk management can only keep investments safe.
SteveHanks
Mar 19 2021 at 06:51
536 ieraksti
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
Oct 03 2021 at 14:36
796 ieraksti
Control your risk otherwise, you will not survive long.
SofieAndreasen
Oct 03 2021 at 14:46
759 ieraksti
I use a maximum of 5% risk per trade and my risk-reward ratio is 1:3.
Wendover
Nov 20 2021 at 15:45
14 ieraksti
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.
GraceGilm
Nov 26 2021 at 16:11
154 ieraksti
SofieAndreasen posted:
I use a maximum of 5% risk per trade and my risk-reward ratio is 1:3.
I think that even 5% is a lot for transactions
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