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Anybody heard of topsteptrader (review)

  #251 (permalink)

Market Wizard
Columbus, OH
Trading Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
Silvester17's Avatar
Posts: 3,461 since Aug 2009
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TrendTraderBH View Post
I apologize if this has already been answered but as long as all the other criteria are fulfilled and the PnL looks good, what is the importance of this particular criteria:

Overall Average Win Duration greater than Overall Average Loss Duration

yes, that's a good one.

lets use an example. first trade is a winner. you made 3 points in 5 min. now second trade. you're up 2 ticks, but already in the trade for almost 5 min. what do you do? if the trade goes against you, your average duration is greater for the loss. if you exit the trade with 2 ticks profit, then that will reduce your average win to 7 ticks. darn...

but then again it's pretty obvious what the purpose is....

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