tradersedge

Do you have any deeper statistics than the starting 86.7% stat? That is what I was wondering about, but for the targets as well. I'm trying to get a sense for how well people are able to handle the risk / reward and what they consider a real good trading approach. I'll give an example: Gross Profit: $86,000 Gross Loss: $61,000 Profit factor: 1.4 (86,000 / 61,000) Percent Profitable: 47% Drawdown: $4000 This means from any new profit peak, the most I went down again was $4000. Overall 1.4 is my "edge". Below 1 is a losing system. Percent profitable is really not very important, what matters is how much on average you get in gains vs. losses. Or put another way, take the net profit, $86000 - $61000 = $25,000 / drawdown = 25000 / 4000 = 6.25 is my reward / risk factor. Anything above 3 is good.

So do you track your performance? If so, could you post some statistics on what you achieve? I would be interested in net gain, profit factor and draw-down. I can get a good sense of just about any approach just by net gain vs. draw-down. What I have found is that profitable traders are usually in a very well defined range of performance. In other words the market has an effective inefficiency and once that is tapped into most traders see that "edge".