The Profit Consistency Rule (the Ratio) measures a trader’s ability to make repeated profits while managing risk. Consistency is critical to growing your account for the long haul. It measures long-term, consistent profitability so we can rank you as a master trader at WeCopyTrade.
How is it Calculated?
Formula: Top (Best day trading profit) / Bottom (Overall of all day trading profit)
Best trading day profit = Top = Highest Closed P/L of a single day trading
Overall profit = Bottom = Total Closed P/L + Open Loss of all day trading
=> Profit Consistency Ratio = Best trading day profit / Overall profit * 100
For example: Your account is set up with a rule of 20% profit consistency. The following amount is the Total Closed P/L + Open Loss of all day trading of each trading day. Note that the green color amount means the day had profits and the red color amount means the day had losses
Day 1: $100
Day 2: $200
Day 3: -$50
Day 4: $100
Day 5: $60
Then the profit consistency is [200/(100+200-50+100+60)] * 100 = 48.7%. While the $200 is the best trading day profit and (100+200-50+100+60) is the overall profit
In this case, the trader doesn't qualify so the trader will need to make more trades and have consistent profit to bring down the ratio.
Note:
Your overall profit will calculated based on the total closed P/L of each trading day since your account is activated and your single highest profit is the highest profit you ever made since you started to trade on your account.
We calculate this one automatically so you do not need to calculate by hand. Just simply check this Profit Consistency Ratio under the Statistics of your account performance in your Dashboard.