1. The hit rate or the reliability of your system
This rate should express how many times your system was right versus how many times was wrong
2. The relative size of your profits compared with the relative size of your losses.
3. The frequency of your trades or how many times you get the opportunity to trade.
4. Commissions
5. The position sizing
6. Your trading capital
Now from another perspective the components should be:
- setup
- entry signal
- initial stop ( or how to protect your capital )
- profit taking
-position sizing
