pep8261 already answered - however a simple what to view profit
factor is: it's simple the gross profit divided by the gross loss.
A profit factor of 1 is break even, the system lost as must as it
gained.
an very simply way to view profit fact is: For every
dollar you lost, what did you gain. For example, a profit factor of
3 would mean that for every $1 you lost, you made $3.
A profit factor of 50 means that for every $dollar the system
lost, it made $50, or 50 fold over the losses
that's why profit factors of 3 are considered great because it's
3:1 gain vs the lost. And why profit factors of 50 and 100 are just
insane because it's 50:1 or 100:1
Posted by focus175 on 11th of Oct 2023 at 04:13 pm
I know you have a lot of irons in the fire, but I'd definitely
appreciate this. I love these systems but my biggest challenge has
been capital allocation due to having a smaller account. Being able
to see that data would really help with tuning my position sizing
strategy.
Posted by DigiNomad on 11th of Oct 2023 at 04:27 pm
focus175 - let me know if the tuning of your System on the
Systems works out. I've been trying to find an objective solution
to systems allocation since ever since.
thank you for you watching and glad it helped! I think
it's also neat to show you guys some of those tricks and rules so
that you have a better understanding of the logical natural of the
rules I added. The systems are not just a backtested mess of
settings that look good on a curve fit, there's real thought behind
some of what they do
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Watched the systems video-- can
Posted by Glad on 11th of Oct 2023 at 02:38 pm
Watched the systems video-- can you explain the profit factor-please
pep8261 already answered - however
Posted by matt on 11th of Oct 2023 at 03:52 pm
pep8261 already answered - however a simple what to view profit factor is: it's simple the gross profit divided by the gross loss. A profit factor of 1 is break even, the system lost as must as it gained.
an very simply way to view profit fact is: For every dollar you lost, what did you gain. For example, a profit factor of 3 would mean that for every $1 you lost, you made $3.
A profit factor of 50 means that for every $dollar the system lost, it made $50, or 50 fold over the losses
that's why profit factors of 3 are considered great because it's 3:1 gain vs the lost. And why profit factors of 50 and 100 are just insane because it's 50:1 or 100:1
Hey Matt, is there a
Posted by focus175 on 11th of Oct 2023 at 04:06 pm
Hey Matt, is there a way to see how many entries for each system were 1st, 2nd, and 3rd entries?
not setup for it at
Posted by matt on 11th of Oct 2023 at 04:11 pm
not setup for it at the moment, we'd have to download all the data, load it into a database etc, something we can do for the future
I know you have a
Posted by focus175 on 11th of Oct 2023 at 04:13 pm
I know you have a lot of irons in the fire, but I'd definitely appreciate this. I love these systems but my biggest challenge has been capital allocation due to having a smaller account. Being able to see that data would really help with tuning my position sizing strategy.
focus175 - let me know
Posted by DigiNomad on 11th of Oct 2023 at 04:27 pm
focus175 - let me know if the tuning of your System on the Systems works out. I've been trying to find an objective solution to systems allocation since ever since.
PF= Gross Profit/Gross Loss. A
Posted by pep8261 on 11th of Oct 2023 at 02:56 pm
PF= Gross Profit/Gross Loss. A measurement of signal strength.
thx so itsan
Posted by Glad on 11th of Oct 2023 at 03:17 pm
thx so itsan historical measure of that particular signal--so what does a PF of 33 mean ?
33x as much gross profit
Posted by mastermind on 11th of Oct 2023 at 03:25 pm
33x as much gross profit as gross loss.
beautiful thx so much
Posted by Glad on 11th of Oct 2023 at 03:25 pm
beautiful thx so much
thank you for you watching
Posted by matt on 11th of Oct 2023 at 03:38 pm
thank you for you watching and glad it helped! I think it's also neat to show you guys some of those tricks and rules so that you have a better understanding of the logical natural of the rules I added. The systems are not just a backtested mess of settings that look good on a curve fit, there's real thought behind some of what they do