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What are good stats in Forex

forex_trader_[1974216]
Oct 05 2020 at 19:25
3 inlägg
I wanted to create a thread that asked the following questions...

What are good stats in forex?

Are there stat values that show a system still has problems even if it is profitable?

Thank you for your time

AliaDare
Oct 06 2020 at 00:50
635 inlägg
If you want to start forex trading, you need a good broker first. Do the demo practice under the broker. You have to learn a lot. You have to practice the demo for at least 6 months. You need to learn trading online or from a mentor while practicing the demo. And when you see that you are making a self-sufficient profit in demo trading, then you will join real trading. Always try to trade according to the plan with patience.

forex_trader_[1974216]
Oct 06 2020 at 06:39
3 inlägg
thank you for the reply um AliaDare , but that did not answer the question really, aside from account balance what stat values do you use to judge a system and then why, are there ways to say yeah the system is profitable but these two or three stats suck so work on the system more.. and here is why these are important... if the overall stats of a system is subjective, and its really just two factors the price and the balance you end with, then whats the point of this site?

Lorencecolling
Oct 19 2020 at 04:16
49 inlägg
A good thread indeed. I would keep an eye on it to improve my knowledge.

UweMoench
Oct 19 2020 at 06:26
593 inlägg
As long as you are making consistent profit, nothing wrong in your trading system. What works for you may not work for and vice versa. Just try to discipline in your trading. And keep a realistic profit goals.

forex_trader_[1974216]
Oct 19 2020 at 14:22
3 inlägg
Thank you for your reply, true indeed, i have always believed in developing my own system that fits my personality. I dont want my chart to look like an EKG with to many overlays that was first. Second was that i wanted to have a daily routine. so i went with using the 15min and Daily as my two main... with trades being opened on and closed off of the 15min.. with daily to get a gist on where the mass of men are going... realistic profits have been a little tough... part of me says trade until i am done with the day win or lose, like a normal work day, other parts of me say trade to a specific profit or loss point and then walk away... so trade until i lose 2% or win 2% something like that.. the toughest part for me right now is keeping to the trade sizes i setup in the rules i made... i overtrade on that part.... so if my system says trade 880 units i might do that but later in the day do something like 8800 units just for the heck of it... and that is where i lose the most money, stat wise i have been looking at the %wins and profit factor as well as the balance of course.. i figure if i keep percent wins over 60% i might be ok.. but if i keep overtrading on the size then even at 60% that 4 or 5 trades will wipe out what i made the past 4 days in a heart beat

AliaDare
Oct 19 2020 at 22:00
635 inlägg
If you manage money management and risk rewards properly, you will be able to trade healthy. And one of the most important things is to control your emotions.

Bladiminmunro
Oct 20 2020 at 07:01
59 inlägg
A good thread indeed. I would keep an eye on it to improve my knowledge.

grumpychef
Oct 20 2020 at 07:21
1 inlägg
Dude, it's all about your risk management. If your Risk:Reward ratio is too heavy on the Risk side, then you will outdo your success rate's gains very easily (as you have observed). Read van Tharpe. Ideally you want an R:R of 1:2. This means you could lose 50% of the time and break even. Also note this means you have to have strict Stop Loss analysis and calculate your position according to your Stop Loss and your overall Risk, per trade, of your capital (aka The 2% Rule). Do not, ever, calculate your position size based on what you want to gain.

You need a structured and disciplined calculation system. In doing so you will also be able to get a sense of what stats work for your trading style.

vontogr (togr)
Oct 20 2020 at 07:28
4862 inlägg
Pax_FX posted:
I wanted to create a thread that asked the following questions...

What are good stats in forex?

Are there stat values that show a system still has problems even if it is profitable?

Thank you for your time


Good stats are low DD <20%
Stable monthly profit
And strategy which is consistent for long term and doesn't stop working after couple of weeks/months

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