Anybody heard of topsteptrader (review) | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

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
Thanks: 4,837 given, 10,880 received


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....

Reply With Quote
The following 2 users say Thank You to Silvester17 for this post: