What is a proper risk of ruin percent on myfxbook?

Feb 03, 2019 at 08:28
1,461 Просмотры
13 Replies
Участник с Oct 23, 2018   3 комментариев
Feb 03, 2019 at 08:28
Hi everyone,

I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?

I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?

Thanks!
Участник с Feb 22, 2011   4862 комментариев
Feb 04, 2019 at 10:04
PeterLoew posted:
Hi everyone,

I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?

I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?

Thanks!

That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting
Участник с Oct 23, 2018   3 комментариев
Feb 08, 2019 at 07:40
togr posted:
PeterLoew posted:
Hi everyone,

I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?

I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?

Thanks!

That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting

Oh okay, that is good to know! I was worried that maybe this helps dictate how good my strategy is doing.

Thanks for the insight.
Участник с Dec 28, 2013   171 комментариев
Feb 08, 2019 at 17:15 (отредактировано Feb 08, 2019 at 17:22)
togr posted:
PeterLoew posted:
Hi everyone,

I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?

I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?

Thanks!

That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting

 One wrong move and all risk analysis is thrown into garbage.
Участник с Nov 13, 2015   2 комментариев
Feb 10, 2019 at 07:21
Hi if you want to learn this things you can take courses like astroFX,infite-prosperity.com and wallstreetacademy.

i can help you with those because im sharing their lesson to everyone who have struggles on those problems.
forex_trader_678699
Участник с Feb 06, 2019   12 комментариев
Feb 10, 2019 at 07:26
togr posted:
PeterLoew posted:
Hi everyone,

I am running a bi directional grid trading strategy and my risk of ruin currently shows I have a <.01% of losing 10% of my balance with 35 consecutive losing trades. Is this considered good or bad on myfxbook?

I was also curious if anyone knew what a proper sharpe ratio is? Mine is currently .29, does anyone know if that is considered good or bad?

Thanks!

That risk of ruin is completely useless
You have to calculate it yourself based on your strategy risk setting

I'm sure there's some sense in it, although I don't understand how it works either.

Sharpe ratio...I think anything above 1 is good? The higher the better.
Участник с Feb 22, 2011   4862 комментариев
Feb 11, 2019 at 11:02
jameszenblade posted:
Hi if you want to learn this things you can take courses like astroFX,infite-prosperity.com and wallstreetacademy.

i can help you with those because im sharing their lesson to everyone who have struggles on those problems.

Nope. You can best calculate your own system risk.
You just need grammar school math, nothing else.
Участник с Jul 20, 2020   341 комментариев
Dec 08, 2020 at 19:51
A solid plan can help you to build a good trading career in the forex market.
Участник с Jul 19, 2020   318 комментариев
Dec 28, 2020 at 19:28
Forex is the platform where you can earn a big amount of money. But to earn money you need to have proper knowledge and experience. Otherwise, you will lose all your money in this market.
Участник с Jul 20, 2020   298 комментариев
Feb 03, 2021 at 01:55
I think money management and risk management can only keep investments safe.
Участник с Mar 17, 2021   536 комментариев
Mar 19, 2021 at 06:51
Market doesn’t respond same in all. Some certain time zone always market become less volatile on the other hand become more volatile. Find the most suitable time table for your trading style.
Участник с Jul 23, 2020   869 комментариев
Oct 03, 2021 at 14:36
Control your risk otherwise, you will not survive long.
Участник с Jul 23, 2020   759 комментариев
Oct 03, 2021 at 14:46
I use a maximum of 5% risk per trade and my risk-reward ratio is 1:3.
Участник с Dec 11, 2019   14 комментариев
Nov 20, 2021 at 15:45
The optimum option for risk management practice is to open a position with no more than 5% from your total deposit. Moreover, you have to use sl and tp in order to reduce risks during trading. Guess that the best ratio is 1:3. It affords you to earn money and not to lose it actually. Nevertheless, everybody decides by himself which risk percentage to choose. There are some traders who open position with 20-30% from their total deposit and it's very risky.
Anyway, you have to be acquinted with the theory of risk management and money management practices in order to understand their mechanics.
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