Thursday, October 13, 2011

forex Profit Factor

Forex Profit Factor: 15.48 Expected Payoff: 1349.91
Absolute Drawdown: 0.00 Maximal Drawdown: (1.57%) Relative Drawdown: 1.57%

Total Trades: 165 Short Positions (won %): 97 (89.69%) Long Positions (won %): 68 (88.24%)
Profit Trades (% of total): 147 (89.09%) Loss trades (% of total): 18 (10.91%)

Maximum consecutive wins : 31 consecutive losses : 2
Maximal consecutive profit (count): (31) consecutive loss (count): (2)
Average consecutive wins: 11 consecutive losses: 1

you need proper psychology ( 100 % mental state to be able to trade( to be able to apply with discipine your method) in an uncertainty environment like the market and frustration area that you have to turn into fascination.
but you need of course a successfull method or way to trade which has a positive mathematical expectation to win .
you need pro money management suited to your method to avoid blow out scenarios and optimise your winners.

whish all lots of pips or ticks ...

A string of losses is always a negative influence, however, with good money management and position sizing, you are not hurt badly. The best way to deal with an inevitable "cluster" of losses (in my experience) is to simply take a week off from trading. If you trade the short intra-day TF's, take a day or two off. When you come back, your capital is mostly intact, the market has changed, the charts look a little different, and your mind is clear. It works.

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