Drawdown per trade statistic
Having a drawdown per trade statistic would really sort the good traders from the 'hopers' in trading. Lots of newer traders tend to hold trades into losing positions hoping that they become winners. This is an untenable strategy, but helps keep up win rates and the illusion of consistent profits. What I would like to see is a drawdown per trade - I don't know how you would get MT4 to show this, but if implemented on fxstat it would certainly make fxstat the best signal service provider site, as it would really determine that traders are trading properly.
Originally posted by CFXsignalsHaving a drawdown per trade statistic would really sort the good traders from the 'hopers' in trading. Lots of newer traders tend to hold trades into losing positions hoping that they become winners. This is an untenable strategy, but helps keep up win rates and the illusion of consistent profits. What I would like to see is a drawdown per trade - I don't know how you would get MT4 to show this, but if implemented on fxstat it would certainly make fxstat the best signal service provider site, as it would really determine that traders are trading properly.
I support this suggestion.
Good idea.
![[aww]](/themes/default/images/smiles/aww.png)
The good or ill of a man lies within his own will. – Epictetus
Especially it will weed out people who were hoping for the euro shorts and holding it, or holding for euro longs hoping it will go up.
Additional stats means better analysis. So drawdown per trade will be a good addition
It would effectively rule out martingale strats, and prove high win rates are made with good judegment, and not just waiting for trades to come back.
Originally posted by CFXsignalsIt would effectively rule out martingale strats, and prove high win rates are made with good judegment, and not just waiting for trades to come back.
Usually martingale dont last longer except a few lucky ones. But even those lucky ones have extremely high DD.
The good or ill of a man lies within his own will. – Epictetus
If admin is reading this - check out zulu because they have a 'high' and 'low' per trade so that you can see what the high or low pip count of the trade was - so that traders aren't just hoping for a pullback and know the best time to close trades. The fact they employ it means it is surely implentable here as well.
I like this suggestion. +1 vote.
Stick to your rules
Performance history download option is now available. I think drawdown per trade and other additions will also be available one by one. Actually there r so many suggestion under review. Every suggestion seems to be most important especially for the one who suggested it.