Docstoc

KPI and Matrix - Six Capital

Document Sample
KPI and Matrix - Six Capital Powered By Docstoc
					                                                                                        KPI Matrix
                                                   For all levels, Trading Duration is calculated based on 3 Hour

                                                                          Not allowed to manually close the trades.
           Skill 1 (Slippage 1.0, Take Profit 1.5, Stop loss 6.0)
         70% win in 2 days with average of at least 4 trades/day
Novice


                        For all levels require KPI Index, holding each trade for more than 5 mins will lead to a penalty of subtracti
                                                                    Any trades held overnight will fail the level straightaway.
                              Skill 1 (+3 pips)
         70% and 2 days rolling KPI = 3.5 with average of at
FDN 1
         least 6 trades/day
         70% and 3 days rolling KPI = 3.5 with average of at
FDN 2
         least 6 trades/day

         70% and 4 days rolling KPI = 3.5 with average of at
FDN 3
         least 6 trades/day


PRO 1                          70% and 4 days rolling KPI = 4.0 with average of at least 8 trades/day



PRO 2                          70% and 4 days rolling KPI = 4.0 with average of at least 8 trades/day

                                                                40 days rolling KPI = 4.5 with average of at least 10 trades/day
PRO 3
                                                                                        + Risk = 330 pips




                                                               6 KPIs

          1. Percentage Win (70%)

          2. Average Winning Pips (3.0 pips/win)

          3. Average Trades/Hour (2.5 trades/hour)

          4. Daily Losses (less than 10 pips/day)

          5. Percentage of Trades >= 3pips (60%)

          6. Holding Time Index (0.60)
                                            KPI Matrix
       For all levels, Trading Duration is calculated based on 3 Hours/Day

                               Not allowed to manually close the trades.
                         Skill 2 (Slippage 1.0, Take Profit 2.5, Stop Loss 6.0)
                       70% win and 1.5 pips/win in 2 days with average of at
                       least 4 trades/day

 KPI Index, holding each trade for more than 5 mins will lead to a penalty of subtracting 0.5 point from rolling KPI Index
                      Any trades held overnight will fail the level straightaway.
                                          Skill 2 (+5 pips)
                      70% and 2 days rolling KPI = 4.0 with average of at
                      least 6 trades/day
                      70% and 3 days rolling KPI = 4.0 with average of at
                      least 6 trades/day

                       70% and 4 days rolling KPI = 4.0 with average of at
                       least 6 trades/day


ays rolling KPI = 4.0 with average of at least 8 trades/day



ays rolling KPI = 4.0 with average of at least 8 trades/day

                    40 days rolling KPI = 4.5 with average of at least 10 trades/day
                                            + Risk = 330 pips




                  6 KPIs



 s (3.0 pips/win)

r (2.5 trades/hour)

an 10 pips/day)

s >= 3pips (60%)
x
lated based on 3 Hours/Day

ose the trades.
                        Skill 3 (Slippage 1.0, Take Profit 3.5, Stop Loss 6.0)
                      70% win and 2.5 pips/win in 2 days with average of at
                      least 4 trades/day

 ead to a penalty of subtracting 0.5 point from rolling KPI Index
he level straightaway.
                                            Skill 3 (+8 pips)
                       70% and 2 days rolling KPI = 4.5 with average of at
                       least 6 trades/day
                       70% and 3 days rolling KPI = 4.5 with average of at
                       least 6 trades/day
                       70% and 4 days rolling KPI = 4.5 with average of at
                       least 6 trades/day
                       + Risk Capital = 138 pips
                       70% and 4 days rolling KPI = 4.5 with average of at
                       least 8 trades/day
                       + Risk Capital = 165 pips
                       70% and 4 days rolling KPI = 4.5 with average of at
                       least 8 trades/day
                       + Risk Capital = 330 pips
of at least 10 trades/day
ps
                                                                                       Rolling KPI Calculator

                                                                           Number of Rolling Days
Position Report

Position ID   Side   Instrument   Amount      Open Price     Close Price    P/L      Currency
   37407050 SHORT    EUR/USD          -1000        1.27405       1.27379      0.26 USD
   37408144 LONG     EUR/USD           1000        1.27374       1.27298      -0.76 USD
   37410005 LONG     EUR/USD           1000        1.27424       1.27352      -0.72 USD
   37410139 LONG     EUR/USD           1000        1.27395       1.27431      0.36 USD
   37410855 LONG     EUR/USD           1000        1.27407       1.27435      0.28 USD
   37411514 LONG     EUR/USD           1000        1.27541       1.27571          0.3 USD
   37412045 LONG     EUR/USD           1000        1.27629       1.27662      0.33 USD
   37409392 LONG     EUR/USD           1000        1.27705       1.27731      0.26 USD
   37571712 LONG     EUR/USD           1000        1.25879       1.25906      0.27 USD
       Rolling KPI Calculator

umber of Rolling Days                           2



              Swaps     Currency   Gross P/L        Currency   Vol.Commission   Currency   Open Date
                      0 USD                    0.26 USD                   -0.12 USD        21.05.2012 13:01:04
                      0 USD                -0.76 USD                      -0.12 USD        21.05.2012 13:32:52
                      0 USD                -0.72 USD                      -0.12 USD        21.05.2012 13:51:06
                      0 USD                    0.36 USD                   -0.12 USD        21.05.2012 13:55:58
                      0 USD                    0.28 USD                   -0.12 USD        21.05.2012 14:08:29
                      0 USD                     0.3 USD                   -0.12 USD        21.05.2012 14:27:10
                      0 USD                    0.33 USD                   -0.12 USD        21.05.2012 14:37:54
                      0 USD                    0.26 USD                   -0.12 USD        21.05.2012 14:56:29
                      0 USD                    0.27 USD                   -0.12 USD        23.05.2012 15:06:44
                      TRADE DETAILS


Close Date            Trade                           Pips   Tot Pips
21.05.2012 13:01:17   Trade01: SHORT 1.27405 (+2.6)   2.6      2.6
21.05.2012 13:36:24   Trade02: LONG 1.27374 (-7.6)    -7.6     -5.0
21.05.2012 13:54:46   Trade03: LONG 1.27424 (-7.2)    -7.2    -12.2
21.05.2012 14:01:34   Trade04: LONG 1.27395 (+3.6)    3.6      -8.6
21.05.2012 14:09:07   Trade05: LONG 1.27407 (+2.8)    2.8      -5.8
21.05.2012 14:29:07   Trade06: LONG 1.27541 (+3.0)    3.0      -2.8
21.05.2012 14:51:04   Trade07: LONG 1.27629 (+3.3)    3.3      0.5
21.05.2012 15:02:20   Trade08: LONG 1.27705 (+2.6)    2.6      3.1
23.05.2012 15:07:05   Trade09: LONG 1.25879 (+2.7)    2.7      5.8
               Callsign:                                       XXX

               ROLLING PERIOD RESULTS

Holding Time   Percentage Win
  00:00:13     Average Winning Pips
  00:03:32     Trades/Hr
  00:03:40     Average Daily Losses over Entire Rolling Period
  00:05:36     Percentage of Win Trades More Than 3 Pips
  00:00:38     Holding Time Index
  00:01:57     Rolling KPI
  00:13:10     No. of Rolling Days
  00:05:51     Total Wins & Total Trades
  00:00:21     Net P&L
               Avg per Trade

               Forum Submission Title                XXX: KPI: 2.2 | Win Rate 78% 9 trades (+7

               Composite                             9 Trades (+2.6, -7.6, -7.2, +3.6, +2.8, +3.0
               Net Pips                              5.8
               No. of Trades                         9
               No. of Wins                           7
               % Wins                                78%
               Total Pips excl out-trades            20.6
               Avg Winning Pips                      2.9
               Number of rolling days                2
               Total Hours                           6.0
               Avg no. of trades/hr                  1.5
               No. of out-trades                     2
               Daily losses                          -7.4
               No. of Trades >=3 pips                3.0
               % Trade >=3pips / Total Win Trades    43%
               No. of trades with HT<=1.5mins        3
               No. of trades with 1.5m<HT<=3mins     1
               No. of trades with HT>3mins and <=5   2
               No. of trades with HT>5mins           3
               Holding Time Score                    0.39
               Avg per trade                         0.6
               Highest Score                         3.6
               Lowest Score                          -7.6
               KPI Index                             2.2

               Rolling KPI Summary

                                    KPI Index            No of Rolling Days
2.0   2
                                                 Current Confidence Level                    Novice

                                                     Current Skill Level                     Skill 1

                   Start Date            21/5/12                      End Date      23/5/12

                                              78%
                                                2.9
                                                1.5
                                               -7.4
                                              43%
                                              0.39
                                                2.2
                                                  2
                                         7 out of 9
                                                5.8
                                                0.6

X: KPI: 2.2 | Win Rate 78% 9 trades (+7) | Avg Win: 2.9 pips | Trades/hr: 1.5 | Losses:-7.4 pips | GT3: 43% | HT:0.39 | TPT:20.6 pips | Net P

ades (+2.6, -7.6, -7.2, +3.6, +2.8, +3.0, +3.3, +2.6, +2.7)




                                                              Six KPIs
                     % Win Trades      Avg Win Pips      Trades/hr Daily Losses     % > 3 pips    Holding Time
78%   1.5   -7.4   0.4   39%   2.20
| GT3: 43% | HT:0.39 | TPT:20.6 pips | Net Profit 5.8 pips | 23-05-12, Wed | Level Novice - Skill 1




                                                                                                             Profitability
                      Start           End         No. of Trades No. of Wins No Trades > 5 min
                                                                                                      Net Pips
5/21/2012   5/23/2012   9   7   3   5.8
Profitability
     Avg per trade
0.6
1. This worksheet allows you to quickly check your estimated KPIs after every trade. Your next trade can then be consid
2. When your daily losses exceed 30 pips, the box will turn red, indicating that you must stop for the day.
3. To use this worksheet, erase the previous day's trades in the white cells and enter the number of rolling days in the y
4. After that, simply enter your trades in the white columns, along with their estimated holding times.
5. Note that at the end of the day, you still need to paste your position report in <1. KPI Calculation> to calculate your K

No. of Rolling Days                                          1                No. of Trades

Estimated KPI                                               2.8                  10
   #Do not delete anything in this column.                               Estimated Holding
                                                           Pips
   Delete numbers in the WHITE cells only.                               Time (seconds)*
                                                  1               -7.0                   200
                                                  2                3.9                    90
                                                  3                2.5                    20
                                                  4               -6.5                    80
                                                  5               -6.0                   130
                                                  6                3.2                   160
                                                  7                1.5                    80
                                                  8                3.0                   200
                                                  9               -5.0                    30
                                                 10               -6.0                   301
 ade. Your next trade can then be considered based on its potential impact on your KPIs.
  you must stop for the day.
enter the number of rolling days in the yellow box.
 imated holding times.
  <1. KPI Calculation> to calculate your KPIs.

                    Percentage       Avg Winning                                    Percentage of Wins of
                                                       Trades/hr Daily Losses
                       Win               Pips                                          3 Pips or More

                        50%                2.8             3.3          -30.5               60%


                                   *Each bar on the 10-sec chart is equivalent to 10 secs
  Holding Trades > 5
Time Index   Mins

  0.60        1
                                                                       Position Report Records
37407050   SHORT   EUR/USD   -1000   1.27405   1.27379    0.26   USD            0
37408144   LONG    EUR/USD    1000   1.27374   1.27298   -0.76   USD            0
37410005   LONG    EUR/USD    1000   1.27424   1.27352   -0.72   USD            0
37410139   LONG    EUR/USD    1000   1.27395   1.27431    0.36   USD            0
37410855   LONG    EUR/USD    1000   1.27407   1.27435    0.28   USD            0
37411514   LONG    EUR/USD    1000   1.27541   1.27571     0.3   USD            0
37412045   LONG    EUR/USD    1000   1.27629   1.27662    0.33   USD            0
37409392   LONG    EUR/USD    1000   1.27705   1.27731    0.26   USD            0
37571712   LONG    EUR/USD    1000   1.25879   1.25906    0.27   USD            0
sition Report Records
        USD         0.26   USD   -0.12   USD   21.05.2012 13:01:04   21.05.2012 13:01:17
        USD        -0.76   USD   -0.12   USD   21.05.2012 13:32:52   21.05.2012 13:36:24
        USD        -0.72   USD   -0.12   USD   21.05.2012 13:51:06   21.05.2012 13:54:46
        USD         0.36   USD   -0.12   USD   21.05.2012 13:55:58   21.05.2012 14:01:34
        USD         0.28   USD   -0.12   USD   21.05.2012 14:08:29   21.05.2012 14:09:07
        USD          0.3   USD   -0.12   USD   21.05.2012 14:27:10   21.05.2012 14:29:07
        USD         0.33   USD   -0.12   USD   21.05.2012 14:37:54   21.05.2012 14:51:04
        USD         0.26   USD   -0.12   USD   21.05.2012 14:56:29   21.05.2012 15:02:20
        USD         0.27   USD   -0.12   USD   23.05.2012 15:06:44   23.05.2012 15:07:05
How to Use: Copy the KPI Summary at the bottom right corner of <1. KPI Calculation> a
   Result         Current Level       KPI Index No of Rolling Days
               Level         Skill                                   % Win Trades
              Novice        Skill 1     2.6             1               75%
   Pass       Novice        Skill 1     2.2             2               78%
f <1. KPI Calculation> and use "Paste Values" to paste your results here as a form of records.
                           Six KPIs
                                                                         Start      End
         Avg Win Pips Trades/hr Daily Losses % > 3 pips Holding Time
             3.0         2.7       -14.8       50%         0.39        5/21/2012 5/21/2012
             2.9         1.5        -7.4       43%         0.64        5/21/2012 5/23/2012
as a form of records.
                                                            Profitability
        No. of Trades No. of Wins No Trades > 5 min
                                                      Net Pips Avg per trade
             8            6              3              3.1         0.4
             9            7              3              5.8         0.6

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:5/2/2013
language:Unknown
pages:407