Is average consistent 3 R profit per month realistic?

V

vortextrader

Is average consistent 3 R profit per month realistic?

The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo
 
yes, if you have 6 R or 12 R as max. drawdown on a given month. Then it is very realistic. But do not expect this from any EA, there is no such system on the MQL5 market going forward.

With Monte Carlo Simulation you should expect 10 to 15 loss trades in a row with 50% to 60% win rate. So the max. drawdown you need to expect should be minimal 10R. So if you risk 2% per trade you can make here 6% monthly with up to 20% to 30% max. drawdown. This is realistic on a good strategy but not on a system especially built with Metatrader.
 
Last edited:
vortextrader said:
Is average consistent 3 R profit per month realistic?

The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo
More...

No "profit expectations nor projections per month" are realistic... just fantasy and hope.

For all trades, you should have a "reason" (either technical/fundamental/news reaction") for a reason to make a bet. Hopefully your reasoning includes a R:R in your mind of 3:1 or better.
 
The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo
 
Scataphagos said:
No "profit expectations nor projections per month" are realistic... just fantasy and hope.

For all trades, you should have a "reason" (either technical/fundamental/news reaction") for a reason to make a bet. Hopefully your reasoning includes a R:R in your mind of 3:1 or better.
More...

R:R is a bogus metric.

Either you are trading with a statistical edge or you aren't. Many of my trades are 1:2 or worse. They are only losers if i fail to read PA incorrectly.
 
i am creating a system based on H4 support resistance and trend (direction of W1 candle) .... target is minimum 0.5 average weekly range. Only take trade if distance to 0.5 AWR is at least 2 R from h4 support resistance

System is not ready yet as I am still backtesting it. should pass at least 200 back test data before I have gut to trade it live

So, back to the original question . is 3 R profit per mo realistic?
 
vortextrader said:
i am creating a system based on H4 support resistance and trend (direction of W1 candle) .... target is minimum 0.5 average weekly range. Only take trade if distance to 0.5 AWR is at least 2 R from h4 support resistance

System is not ready yet as I am still backtesting it. should pass at least 200 back test data before I have gut to trade it live

So, back to the original question . is 3 R profit per mo realistic?
More...
IMO not.
 
You must log in or register to reply here.
Back
Top