what is considered a good profit factor

D

diversions

I am trying to evaluate my own performance. As I am about to start managing some ones account.
Trade station gives me all sorts of fancy read outs. The one that makes sense to me is profit factor
I am wondering what is considered a solid number. So I can know in good faith I am worthy of managing the account.
Thanks
 
You aren't considering enough things and you shouldn't base your trading on a single variable like that.

frequency * net profit factor = % return

If you're managing money you'll need to think about peak to through drawdowns, scalability, whether the strategy is market neutral or has a directional bias (is it just long stocks?)

Has the strategy survived bear markets, liquidity crunches (august 2007) etc...

Profit factor is like a car racer looking at his gas tank gauge. If there is gas in the tank, good, but are you going in the right direction?....
 
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