Forex Average Pip Gain / Average Pip Loss

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Old Nov 20, 2008, 7:03pm   #1
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Default Forex Average Pip Gain / Average Pip Loss
Hi All, I am very new to trading so any advice would be great. I have tested a system with a 304 pip gain and 62 pip loss. The average pip gain is 16 and the average pip loss is 2.96. I would like to know if these figures are what you could expect from the EUR/USD market? Also the 16 to 2.96 ratio is this good/bad?

Thanks
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Old Nov 20, 2008, 7:20pm   #2
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Default Re: Forex Average Pip Gain / Average Pip Loss
Its good. Although it would help to know the frequency of wins and losses not just their size. But if the average gain is 16 and loss is 2.96 then the profit factor is 5.4 and anything over 2 sounds like a good place to be.
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Old Nov 21, 2008, 7:12am   #3
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Default Re: Forex Average Pip Gain / Average Pip Loss
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Originally Posted by nine View Post
Its good. Although it would help to know the frequency of wins and losses not just their size. But if the average gain is 16 and loss is 2.96 then the profit factor is 5.4 and anything over 2 sounds like a good place to be.
Thanks very much for the response. The frequency is about every 5 trades for the gains but there is 1 to 3 positive trades in a row the losses are 1 to 5 trades in between the positive trades. also the 304 EUR/USD market? Thanks again.
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Old Nov 21, 2008, 7:49am   #4
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Default Re: Forex Average Pip Gain / Average Pip Loss
The bigger question is over what timeframe have you developed these results - how many trades?
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Old Nov 21, 2008, 8:39am   #5
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Default Re: Forex Average Pip Gain / Average Pip Loss
good ,me i have been publishing the general view on the market for long it s happenning in my website
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Old Nov 21, 2008, 8:57am   #6
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I sugest you take heed of Rhody Trader---- and dump forexmagician.....
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Old Nov 21, 2008, 9:09am   #7
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Default Re: Forex Average Pip Gain / Average Pip Loss
jd1888 started this thread over 55 trades or so
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