Profit Factor

[droesparky]

What does it mean when you run a detailed statement and it gives you a profit factor of 4.22?

Thx

[Ovidiu Marius]

Number of wins/number of losses

The higher the better

[droesparky]

I have 161 wins and 15 losses so it should be higher then 4.22 shoudnt it.

[Linuxser]

Profit factor — the ratio between the gross profit and the gross loss in per cents. One means that these sums are equal;

• Gross profit — the sum of all profitable trades in monetary units;
• Gross loss — the sum of all unprofitable trades in monetary units;

[droesparky]

Thanks Linuxser that makes it clear. and it works out right.