I would like once more to highlight that results in pips are meaningless and for people selling systems really unprofessional.
Could people make a small effort and present results in percent, it is not hard to divide 2 numbers !

When you go to see your banker and want to invest into a fund, do you ask for the results in pips / ticks / whatever or the return in %?
Would you ask for results in pips excluding commissions / fees / spread or do you want the net result?

Why pips are meaningless? Because they have a different value depending on the pair and also because if you don't use always the same lot size that should be taken into account.

What do you prefer 80 pips in EURGBP or 100 pips in GBPJPY ?
If you make 100 pips in GBPJPY and -80 pips in EURGBP you have made +20 pips, right. But´how is your balance looking like, up or down?
Addings pips can really be like adding apples to oranges.

And what about the leverage? Remember the challenge of Allecoh and the 200 pips. You could make 1000 pips and be up only 1%, it depends on the leverage that you uses.

So please, everybody who is selling something, please give results in % NET. (of course the net can depend on the broker chosen but it is better to have the NET with a given broker than the gross)

bump for the NET PERCENT revolution

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There is no candle.

Go %!

I'm on the bandwagon, baby!

I used to trade with Forex Signals, Forex System, Forex Managed Accounts who does %. I think service providers can do the same, including account statements as verification.

I agree with that ...% means overall performance means data statistics for both losses and won ...so everyone can judge the system good or bad

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Forex Indicators Collection

I agree that it would be nice to know how much % a system makes before you start trade it but you give a reason yourself here why that can be difficult.
Two different traders that trade the same system and have the same number of pips can have different % because of maybe trading different instruments, different MM, different leverage and so on.
So i think to make it easy and to give everybody the option to calculate for their own acc's one can give the number of pips and the risk/reward and draw down (and as much info and details as possible because R/R can be different things of course) because then traders can calculate what % they would make.
And if info about % profit is given then also give info about how it is calculated.

For myself i would like info about R/R (if i know how the rr is calculated) rather than the % profit but if i know how the % profit is calculated that is more or less the same of course.

But i agree very much that only info about how many pips is made do not tell much about the performance of a system and what it can do to your acc.
Maybe you can even say that only info about pips made tell nothing at all about the system..

Arctic4x

A system shall include what instruments are traded, what MM is used, what leverage is used, everything otherwise it is not a system it is a small part of a system. Everything shall be described in the trading plan of the system.

Then if you are not able to give a %, then you don't have a system

That is 100% true.
But here I was just taking about the profit because all the time people just claim "this week x pips done".
Of course the best would be that they say "this week x Net % done with a max DD of y %"

Great pionts. Yes, Pips mean nothing without meaningful leverage and ending %. DD is more important than winning because 50% DD needs 100% profit to cover. Bigger DD means you need a lot of pips to make it up. Adding DD should be listed on provider's website as well.

I disagree. I believe results should be presented in pips, always.

What use is %? I don't care what % of your initial equity you have made. I care how many pips you have made. If you present me with results in %, then for all I know you could have used some terrible MM and got lucky for a few months.

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Ash's Signals