R is your risk. A trade that makes 2R makes twice what you would have lost had it failed.
Because a pip means nothing on its own. A hundred pips in gold and a hundred pips in an index are not the same money, nor the same risk. And on the same channel, with the same lot, two signals with different stops risk different things.
Because it depends on the size of your account, and then nothing can be compared: not one channel against another, not this month against last if you deposited.
If a channel has +2.37R over 21 signals, it means that, risking the same on each one, it made the equivalent of 2.37 times that risk.
Translated: at 1% risk per signal, that is 2.37% of the account. At 2%, double. The same figure works whatever the size of your account.
Not the win rate. A channel that wins 80% of the time can lose money if every loss costs 1R and every win gives 0.2R; and one that wins 40% can make a lot if the wins give 3R.
Look at total R and average R per signal, not how often it was right.
Twenty or thirty settled signals before drawing conclusions. With five you cannot tell skill from luck, and anyone can have a good run of five.
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