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Average amount of pip won/lost per position
 Post subject: Average amount of pip won/lost per position Post rating: 0   New post Posted: Mon 06 Jun, 2011, 06:22 

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Quote from rules:

Quote:
If the average positive pips exceed the average negative ones - the following formula it used to define the standing of the participant: "(Average positive pips + Average negative pips) / 2". All figures are taken by modulus.


I don't get it. Who will get more points, the trader with average positive pips 100 and average negative 99, or the trader with average positive pips 100 and average negative 10?


 
 Post subject: Re: Average amount of pip won/lost per position Post rating: 0   New post Posted: Mon 06 Jun, 2011, 14:51 
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Joined: Wed 21 Apr, 2010, 10:42
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Multisanti wrote:
Quote from rules:

Quote:
If the average positive pips exceed the average negative ones - the following formula it used to define the standing of the participant: "(Average positive pips + Average negative pips) / 2". All figures are taken by modulus.


I don't get it. Who will get more points, the trader with average positive pips 100 and average negative 99, or the trader with average positive pips 100 and average negative 10?


Currently the better position will be assigned to the trader #1 (average positive pips 100 and average negative 99), however, understanding the inefficiency and unfairness of such an approach towards a conventional trader #2 (average positive pips 100 and average negative 10), we plan to amend this evaluation factor in the nearest future.

The original purpose of this evaluation factor was to discourage traders from using scalping trading strategies.


 
 Post subject: Re: Average amount of pip won/lost per position Post rating: 0   New post Posted: Wed 08 Jun, 2011, 14:51 

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what about RRR index?

(Total avg. pips earned - Total avg. pips lost) Divide by (number of forecast)?

Scalpers will have a hard time striving.


 
 Post subject: Re: Average amount of pip won/lost per position Post rating: 0   New post Posted: Tue 14 Jun, 2011, 09:14 
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Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
weiqiang wrote:
what about RRR index?

(Total avg. pips earned - Total avg. pips lost) Divide by (number of forecast)?

Scalpers will have a hard time striving.


That option is considered as well.


 

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