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Profit Factor

  #1 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
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Attached are results of the strategy I am working on. Newbie on NT and wanted to know what is usually considered great and average profit factor and Sharp ratio. This is run over 4 week period on 3 minute chart ES. Anyone achieve profits factor of over 2?

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  #2 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
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Those are solid results... yes profit factor above 2 is considered a good technical system...

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  #3 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
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Nasdaq1517 View Post
Those are solid results... yes profit factor above 2 is considered a good technical system...

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THanks

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  #4 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
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Here are my results over last 6 months ... you have a much better risk reward than me... my losers are actually larger than winners

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  #5 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
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Nasdaq1517 View Post
Here are my results over last 6 months ... you have a much better risk reward than me... my losers are actually larger than winners Attachment 320998

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I'm confused. Yours is way better. much higher profit factor. What am I missing?

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  #6 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
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Nasdaq1517 View Post
Here are my results over last 6 months ... you have a much better risk reward than me... my losers are actually larger than winners Attachment 320998

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Ah I see the losing trades are greater than winning trades in amount. But hey more profit is what matters. What time frame are you running these on? Mine are 3 min.

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  #7 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 373 since Oct 2021
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rocketstock View Post
Ah I see the losing trades are greater than winning trades in amount. But hey more profit is what matters. What time frame are you running these on? Mine are 3 min.

I trade off of a 5 minute chart. I really struggle with holding trades longer for bigger returns.

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  #8 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
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Nasdaq1517 View Post
I trade off of a 5 minute chart. I really struggle with holding trades longer for bigger returns.

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OUtside of your startegy, Share any peculiar experiences and wisdom?

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  #9 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 373 since Oct 2021
Thanks Given: 676
Thanks Received: 370


rocketstock View Post
OUtside of your startegy, Share any peculiar experiences and wisdom?

I became profitable once I committed to specializing, I trade one market ES and I only watch that market and build analysis for that market. That's when my trading psychology improved to the point that I could be consistent. It took me 3 years to figure that out Lol specializing was my breakthrough moment

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  #10 (permalink)
rocketstock
Denver CO
 
Posts: 40 since Dec 2021
Thanks Given: 6
Thanks Received: 8



Nasdaq1517 View Post
I became profitable once I committed to specializing, I trade one market ES and I only watch that market and build analysis for that market. That's when my trading psychology improved to the point that I could be consistent. It took me 3 years to figure that out Lol specializing was my breakthrough moment

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Takes time. Glad you have it fugred out. I'm trying to get program my eyes. So any other techniques? What hours do you have your algo trading on? Any sideways market techniques?

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Last Updated on January 1, 2022


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