I have serveral trend following trading system the ratio of the netprofit/the drawdown is a little greater than 2 I do not know if it is proper
trend is our friend I find it is easier to grasp profits for trend following system for me counter trend system can not grasp much profit as the trend follwing system
what is the period /time duration of the net profit net profit for so far this year or this month ? and DD for so far this year or this month ? time duration matters a lot
counter trend system is not meant to catch home runs which is the job of trend following system, it is meant to be a diversification and smoothe the equity curve. it is generally of bigger winning rate and smaller average profit per trade
First 15 min range breakout is a pretty well studied concept. In fact, many has extended the concept to include first hour, first 2 hours, etc. to see if better stability can be obtained from doing so. I did a blog article long time ago, http://newsletter.neoticker.com/?p=33 The important thing is to understand the instrument you are going to trade and see if the range breakout concept fit the behaviour of that particular market.
I think generally it's more meaningful to make duration longer,say the ratio of annual net profit / annual max drawdown but if you get a profit/drawdown ratio of 2-3 on monthly result every month, I think that's a superb system with a very good profit factor, and since it can always recover itself within a month's time, it is also a very safe system to trade