DislikedYour probably thinking...95 percent individual success rate would be better? look at this....
Think of 10 trades with a 90 pecent success rate(9 out of 10 winners) awesome right...No....give me a 60 percent success rate and I will be happier!
With a TP of 20 and a SL of 25 per say we would have 180 pips in wins (9*20)-25 pips in loss(1*25)=Net pips of 155 pips.
Now the 60 percent success rate...
Trade 1&2 wins...(2*20)=40 net pips...
Trade 3 loss.......(1*25)=15 net pips...
Trade 4 win.......(3*20)=75 net pips...
Trade 5 & 6 loss (1*25...Ignored
stoploss 25 pips, multiplier 2,5, 3 trades per set
In total you are risking 243,75 pips per set, so if you divide the 235 pips you won with that you would have won only 0.96 times the amount that you are risking.
without martingale and 90% win rate the 155 pips divided by 25 pips is 6,2.
The thing I'm trying to say is that personally I'm quite cautious when it comes to martingale and I always count the total pips that I'm risking and compare it to the profits.
So with the same pips per loss/profit i'll always take the 90% win rate over 60%