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Decent Profit Factor
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Decent Profit Factor

  #1 (permalink)
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Decent Profit Factor

Hey Guys

What would be considered a decent daily profit factor.

1st for manual trading
2nd for running a automated program


Last edited by Big Mike; November 11th, 2010 at 05:49 PM. Reason: moved to money management
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  #3 (permalink)
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DarrenH View Post
Hey Guys

What would be considered a decent daily profit factor.

1st for manual trading
2nd for running a automated program

1.5 is good.

2.0+ is Holy Grailish as far as I'm concerned.

It doesn't matter how you trade to get the results.

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My automated system trading CL has been profitable on 67% of the trades but only has a profit factor of 1.22. These were the results for the last 6 months though.

I don't know if that is considered good but I'm happy with it so far.

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gilyee View Post
My automated system trading CL has been profitable on 67% of the trades but only has a profit factor of 1.22. These were the results for the last 6 months though.

I don't know if that is considered good but I'm happy with it so far.

Frankly, statistics are meaningless. How much cash has it generated after slippage and commissions in a live account?

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Hard 8 View Post
1.5 is good.

2.0+ is Holy Grailish as far as I'm concerned.

It doesn't matter how you trade to get the results.

A profit factor should mention over how long and how many trades, in general.

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  #7 (permalink)
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gilyee View Post
My automated system trading CL has been profitable on 67% of the trades but only has a profit factor of 1.22. These were the results for the last 6 months though.

I don't know if that is considered good but I'm happy with it so far.

When looking at the % of profitable trades numbers, it's a good idea to also take account of WIN/LOSS ratio. What was the average dollar gain of the winning trades vs the average dollar loss of the losing trades?

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