When evaluating a trading system which do you think is better...
A higher PROFIT FACTOR or
A higher EXPECTED PAYOFF
There has been much discussion about expected payoff but one thing I know is that with the same trading system, by simply pyramiding position size increments one can dramatically increase the expected payoff with a minimal impact on the profit factor.
Does anyone pay more attention to the profit factor instead and why is that more important to you or less important to you?
A higher PROFIT FACTOR or
A higher EXPECTED PAYOFF
There has been much discussion about expected payoff but one thing I know is that with the same trading system, by simply pyramiding position size increments one can dramatically increase the expected payoff with a minimal impact on the profit factor.
Does anyone pay more attention to the profit factor instead and why is that more important to you or less important to you?