Poll for your Profit Factor | Forex Factory

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Poll for your Profit Factor

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  • #1
  • First Post: Edited Apr 14, 2010 4:16am Mar 10, 2010 9:06am | Edited Apr 14, 2010 4:16am
I have asked about Profit Factor Target data a while ago http://www.forexfactory.com/showthread.php?t=179445.
Yes, why not ask for your current Profit Factor itself instead.

Profit Factor is a simple and useful measure to evaluate your trading performance, which is shown on each statement from your broker.

...................... Gross Profit
Profit Factor = --------------
...................... Gross Loss

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

Remarks:
1. If you make only one winning trade, you Profit Factor will be infinity, to be meaningful poll your profit factor only if you have made a few dozen of independent trades.
2. You see a significant proportion of votes go to >50. This may be due to the employment of no-stoploss strategies by some voters here. Don't worry about it, and just make your vote.
  • #2
  • Mar 14, 2010 11:31pm Mar 14, 2010 11:31pm
Here is how to read the profit factor on your statement. The example is for a MT4 platform:



http://www.forexfactory.com/attachme...7&d=1254284804
http://www.forexfactory.com/attachme...0&d=1254284957
  • #3
  • Mar 16, 2010 9:50am Mar 16, 2010 9:50am
Wow... PF 31-40 Super traderrrrrrrrrrrrrrr!!!!

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  • #4
  • Mar 16, 2010 10:22am Mar 16, 2010 10:22am
How about a PF of 6000+...
Preview
  • #5
  • Mar 16, 2010 11:25am Mar 16, 2010 11:25am
Quoting ejoi
How about a PF of 6000+...
Preview
Backtesting Result?
  • #6
  • Mar 20, 2010 9:45am Mar 20, 2010 9:45am
Got the second 31-40!!! .... How big is the Gini coefficient in the trading world! The Super Winners take all!
  • #7
  • Mar 20, 2010 10:14am Mar 20, 2010 10:14am
When I'm kickin' at best, my expectancy is around 2 which is more than enough to earn money for me, at least.
Measure twice, cut once
  • #8
  • Mar 24, 2010 10:47am Mar 24, 2010 10:47am
Quoting aediaz1
When I'm kickin' at best, my expectancy is around 2 which is more than enough to earn money for me, at least.
I think you have not yet fully utilized your potential. Don't take this offensive please. I like your past threads very much.
  • #9
  • Mar 28, 2010 10:44am Mar 28, 2010 10:44am
Quoting kk007
I think you have not yet fully utilized your potential. Don't take this offensive please. I like your past threads very much.
Thats very true, I'm still young in this game and I'm far from the top
Measure twice, cut once
  • #10
  • Mar 28, 2010 11:46am Mar 28, 2010 11:46am
Quoting kk007
Backtesting Result?
ejoi was one of the ATC 2008 participant. he got that amazing PF in that campionship. maybe he would share his strategy to us here?
  • #11
  • Mar 28, 2010 8:58pm Mar 28, 2010 8:58pm
Quoting sangmane
ejoi was one of the ATC 2008 participant. he got that amazing PF in that campionship. maybe he would share his strategy to us here?
How about an EA with PF -> infinity?
http://www.forexfactory.com/showthread.php?t=209883


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  • #12
  • Mar 28, 2010 9:24pm Mar 28, 2010 9:24pm
never heard of profit factor.

i'll ask me hedge fund buddies to see if they have.

most talk about...

% gain month over month.

% gain on the year.

draw down

hit rate.

the most important is draw down.

m
  • #13
  • Mar 28, 2010 10:47pm Mar 28, 2010 10:47pm
Quoting acumen
never heard of profit factor.

i'll ask me hedge fund buddies to see if they have.

most talk about...

% gain month over month.

% gain on the year.

draw down

hit rate.

the most important is draw down.

m
No wonder a lot hedge fund go bust, profit factor is a key measurement in trading.
Economists have forecast 9 out of the last 5 recessions
  • #14
  • Mar 28, 2010 10:54pm Mar 28, 2010 10:54pm
Quoting markmm
No wonder a lot hedge fund go bust, profit factor is a key measurement in trading.
Absolutely true!
  • #15
  • Mar 29, 2010 4:02am Mar 29, 2010 4:02am
Anyone knows the relationship between expectancy and profit factor?

People talk about "positive expectancy" elsewhere, but for profit factor positive is not meaning, profit factor has to be bigger than 1 to be profitable.

Is Expectancy = Profit factor - 1?
  • #16
  • Mar 30, 2010 12:01am Mar 30, 2010 12:01am
Poll your profit factor, if you have a reasonable number of trades with most of them closed.

If you make only one winning trade, you Profit Factor will be infinity, to be meaningful poll your profit factor better if you have made a few dozen of independent trades.
  • #17
  • Apr 11, 2010 5:17am Apr 11, 2010 5:17am
Anyone can answer this???

Quoting kk007
Anyone knows the relationship between expectancy and profit factor?

People talk about "positive expectancy" elsewhere, but for profit factor positive is not meaning, profit factor has to be bigger than 1 to be profitable.

Is Expectancy = Profit factor - 1?
  • #18
  • Apr 11, 2010 5:44am Apr 11, 2010 5:44am
Expectancy is how much you expect to earn from each trade for every dollar you risk whereas profit factor is just a ratio between profit and loss.
  • #19
  • Apr 11, 2010 5:59am Apr 11, 2010 5:59am
Quoting ejoi
Expectancy is how much you expect to earn from each trade for every dollar you risk whereas profit factor is just a ratio between profit and loss.
So Expectancy = Expected Profit factor? Or what is the numerical relation between the 2 concepts?
  • #20
  • Edited 7:22am Apr 11, 2010 6:55am | Edited 7:22am
Quoting kk007
So Expectancy = Expected Profit factor? Or what is the numerical relation between the 2 concepts?
Unless I'm missing something, they are the same thing.

To put the poll results in some kind of perspective, a PF > 1.3 is good; above 1.5 is outstanding. Over a minimum of several hundred trades, however, for it to have any real significance.
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