I'm looking for a formula to calculate my over all return based on N trades and avg return per trade (R).
Let's say:
My average return per trade (R) is 5% and the number of trades (N) made are 100.
What is my total return if my initial investment was $1000 and I only bought and sold 1 asset at a time at reinvested my profit + my initial $1000 after each sell and how can I easily calculate that based on N & R?
This question may seem odd, the reason I have to do it this way is because the only values I have access too are N and R, not the actual portfolio value in $, which would make it a whole lot easier.
Thanks!