Originally posted by RenkoGuy
Let's try to calculate Geometric average return (monthly) for all relevant months.
Geometric average return = ((1+4.08%)*(1+5.15%)*(1+3.83%)*(1-0.34%)*(1+1.29%)*(1+1.90%)*(1+0.78%)*(1+0.72%)*(1+ 2.38%)*(1+0.94%)*(1+0.82%)*(1+0.26%)*(1+0.12%)*(1+ 0.06%))˄1/14 - 1 = 1.56%
All relevant months meaning all months that were traded and excluding months that he traded with much increased risk. Geometric average return is 1.56% per month and not 0.00% like you saw on myfxbook. Maximum DD during this whole period was 1.57% (this one is a bit difficult to judge but I think it should be right).
That's not "very little profit"! You can scale it up to say 5% DD via risk multiplier and you end up with 5% monthly return. Now tell me how is this "very little profit"? I'm all for a healthy debate but don't just come here throwing some numbers around that you found on myfxbook. You need to understand how it's calculated and what that means for your series of data. It could mean some manual labor like I had to do but at least you end up with a correct number and better conclusions.
Now I'm only human and perhaps I made a mistake. Care to prove me wrong?
If you look closely you can spot one other thing that is of some concern though. I'm not going to point it out but if somebody spots it we can discuss.
EDIT correct a mistake, it's 14 months and not 11 so average goes down from 1.99% to 1.56% return monthly
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