Sharpe and profit factor: which metrics do you judge a strategy by?

Return alone says nothing. Profit factor shows gross win versus gross loss; Sharpe adjusts returns for volatility; maximum drawdown shows what it cost to earn. Each metric hides something the others reveal.

Which do you use?

• the metrics you track for your own trading
• the threshold a strategy must clear
• the metric that fooled you once

The expectancy guide defines the core set.