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Rich,
Thank you so much for shining your light. What I have is not as good
as what you are trading but that is OK. It is the concept on which we
agree.
I have found always in the market systems to be more to my liking
and take a day trade off one if it shows momentum.
John
------------------ Reply Separator --------------------
Originally From: "FXTrader" <fxtrader@xxxxxxxxxxx>
Subject: [RT] Trade Numbers and Performance.
Date: 06/03/2002 09:14am
John,
I couldn’t agree more. Percent of trades profitable, although
desirable, is
not critical in a profitable system. My system averages about 65% of
the
trades profitable over the past three years.
What is important is the profit factor. Which is 5.3. The average
profitability per trade should be at least 2 times greater than the
average
losing trade.
Rich C.
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