Profit Factor Target | Forex Factory

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Profit Factor Target

  • Poll

  • What is your Profit Factor Target now?
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  • #1
  • First Post: Edited 8:43am Jun 30, 2009 2:52am | Edited 8:43am
Profit Factor is a simple and useful measure to evaluate your trading performance, which is shown on each statement from your broker.

Profit Factor =

Gross Profit
---------------
Gross Loss

Profit Factor = 1 is breakeven level.
Profit Factor < 1 is Losing.
Profit Factor > 1 is Winning.

What is your Profit Factor target? (Be realistic for something achievable please)
  • #2
  • Jun 30, 2009 4:50am Jun 30, 2009 4:50am
Why there is no option <1 ?
  • #3
  • Jun 30, 2009 4:54am Jun 30, 2009 4:54am
Quoting alter
Why there is no option <1 ?
Breakeven is the minimum target.
  • #4
  • Jun 30, 2009 5:39am Jun 30, 2009 5:39am
Well, if u are losing it should be less then BE
  • #5
  • Jun 30, 2009 5:56am Jun 30, 2009 5:56am
Quoting alter
Well, if u are losing it should be less then BE

Would you "target" for losing?
  • #6
  • Jun 30, 2009 6:28am Jun 30, 2009 6:28am
Obviously the answer is >10 after all who only wants to make 1.5!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #7
  • Jun 30, 2009 6:31am Jun 30, 2009 6:31am
Quoting Turveyd
Obviously the answer is >10 after all who only wants to make 1.5!!

Are you serious? Is it realistic for you? If it is not achievable it is not meaningful as a target.
  • #8
  • Jun 30, 2009 6:46am Jun 30, 2009 6:46am
Quoting kk007
Are you serious? Is it realistic for you? If it is not achievable it is not meaningful as a target.

Hope for the best.
Plan for worst.

I guess this is what they use to trade either against you or with you, possibly at 10x's the lot size if your really good
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #9
  • Jun 30, 2009 8:24am Jun 30, 2009 8:24am
Quoting kk007
Would you "target" for losing?
Well, 90% of people would
  • #10
  • Jun 30, 2009 8:32am Jun 30, 2009 8:32am
Quoting alter
Well, 90% of people would
Almost 100% of people would not target for losing, even if it turns out they lose.
  • #11
  • Jun 30, 2009 1:24pm Jun 30, 2009 1:24pm
this poll is useless because its about targets..
you should ask what people's real profit factor is... and include <1,, where the majority of votes would be
but that would be useless too because its easy to lie on the internets!
  • #12
  • Jun 30, 2009 3:00pm Jun 30, 2009 3:00pm
Quoting dengzhi
this poll is useless because its about targets..
you should ask what people's real profit factor is... and include <1,, where the majority of votes would be
but that would be useless too because its easy to lie on the internets!

Yep sadly true, I'm in the <1 again at the moment, with periods of being in the 2-3 area, but lacking consistency.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #13
  • Edited 11:08pm Jun 30, 2009 9:26pm | Edited 11:08pm
Quoting dengzhi
this poll is useless because its about targets..
you should ask what people's real profit factor is... and include <1,, where the majority of votes would be
but that would be useless too because its easy to lie on the internets!
With this logic, anything on this forexfactory site can be useless.

As said, be realistic for something achievable when responding to the poll.
  • #14
  • Jul 1, 2009 10:05am Jul 1, 2009 10:05am
Up to now 18 voted. And most people vote for PF of 2.5-3. and then >10 wonder if >10 is realistic for those voted.

What is your vote? Why not give your vote?
  • #15
  • Jul 1, 2009 7:49pm Jul 1, 2009 7:49pm
If a system doesn't have loss than the profit factor should be 0 right?
  • #16
  • Jul 1, 2009 8:49pm Jul 1, 2009 8:49pm
Quoting MyaNyx
If a system doesn't have loss than the profit factor should be 0 right?
It will be infinity.
  • #17
  • Jul 10, 2009 8:54am Jul 10, 2009 8:54am
Quoting kk007
It will be infinity.
Ya it's infinity.
  • #18
  • Jul 10, 2009 5:33pm Jul 10, 2009 5:33pm
Quoting kk007
It will be infinity.
It will also be a falacy and unattainable...
  • #19
  • Jul 10, 2009 6:35pm Jul 10, 2009 6:35pm
How do you expect this to assist you in becoming a {better} Trader?
I don't think you are.
  • #20
  • Jul 10, 2009 8:59pm Jul 10, 2009 8:59pm
My courrent PF is +11% (long term not scalp) but anyting over 1% is ok for your because if mean you are making profit over time. If below 1% mean you are llosing. very simple.
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