As I progress as a trader a couple of things have happened:
1) my trading strategy has become simpler and crystal clear
2) my record keeping and statistics/metrics have been expanding as tracking tools
I'm interested to know whether people have calculated their own expectancy of their trading strategies and what numbers they are hitting.
I had a change in my approach which has yielded vastly different results (in the positive) and since finding this edge and being able to trade it consistently, have seen a great change of favour.
Here's a table of some stats prior to having the "lightbulb" moment on my approach and current stats for my open trades (calculated on a per $1,000 basis).
The open trades ratio sits at 5.91:1 (but obviously fluctuates based on daily values).
As you can see, a massive difference to the previous ratio that existed and the wins to losses trade ratio has improved as well.
So why am I writing all this?
Basically I would like to know the ratios for your edge... What's your positive expectancy and how do you track it?
I'm planning to track my stats over time rather than running mechanical back tests but with a small sample size (at the moment) things look good.