What's a Good Winning Percentage? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is a 'Good' percentage for winning trades? 38 replies

Comissions should be percentage based ONLY on winning trades 8 replies

Percentage return daily 13 replies

Formula for risking X percentage on a position... 5 replies

Attachments: What's a Good Winning Percentage?
Exit Attachments

What's a Good Winning Percentage?

  • #21
  • Edited Jun 7, 2009 4:34am Jun 6, 2009 7:55pm | Edited Jun 7, 2009 4:34am
Quoting ProdiG
i was curious what is a good winning percentage in forex? i'm relatively new at forex trading(previous stock trader). i'm currently trading at 75% win percentage. my avg loss is about 7 pips and average win is about 10 pips.
75% is garbage, anything below 98% forget it. 7 pips! you should be losing no more than 5 pips and winning 12 pips minimum!!!!

Hope you get my point, its impossible to put an accurate number there are many more variables such as Risk to Reward of the trades.
Economists have forecast 9 out of the last 5 recessions
  • #22
  • Jun 6, 2009 8:17pm Jun 6, 2009 8:17pm
% hit rate is only part of the equation. size of average loss versus size of average win is more impt.

eg.
1st trade +5pips
2nd trade +5pips
3rd trade -20 pips

66% hit rate, but net negative.

Keep your average losses smaller than your average wins, and if you don't come out net positive, then you shouldn't be trading.

Patience and discipline reign supreme.

Cheers,
K.
  • #23
  • Jun 7, 2009 2:15pm Jun 7, 2009 2:15pm
My style is stop loss 35 pips
Trialing Stop 70 pips
Is that ok?
{Promotion Removed}
  • #24
  • Jun 7, 2009 2:18pm Jun 7, 2009 2:18pm
Quoting leoforex
My style is stop loss 35 pips
Trialing Stop 70 pips
Is that ok?
More info needed.
Economists have forecast 9 out of the last 5 recessions
  • #25
  • Jun 7, 2009 4:38pm Jun 7, 2009 4:38pm
If your making a profit, no matter how small with in reason, then keep doing it and doing it, keep upping the lots sizes and retire.

Thats all that counts!! PROFIT!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #26
  • Edited 9:44pm Jun 7, 2009 7:59pm | Edited 9:44pm
Would this be a good win? Went short around 20 min ago.. waiting to take profit at 97. Not too interested in scalping. Hopefully it met its resistance and it's going down past the 97 mark. Fingers crossed. Im currently up 715 pips... but i think i might get some more pips.. goin in for the long run.. obviously im a rookie.. this is my fourth trade..
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy3.jpg Size: 166 KB
  • #27
  • Edited 9:45pm Jun 7, 2009 8:34pm | Edited 9:45pm
can't believe it but i'm up over 120+ pips in less than an hour... i'm more nervous than happy.. noobie emotions... i'm tempted to TP at least half but like i said before.. i'm going for the big WIN! i'm adding a chart that tells why i'm going short till 97.00.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy3.jpg Size: 166 KB
Attached Image
  • #28
  • Last Post: Jun 12, 2009 3:02am Jun 12, 2009 3:02am
Quoting ProdiG
i was curious what is a good winning percentage in forex? i'm relatively new at forex trading(previous stock trader). i'm currently trading at 75% win percentage. my avg loss is about 7 pips and average win is about 10 pips.

Hello ProdiG

if you are really curious to getting good winning percentage, you have to change your trading style or trading strategies.it makes no difference that you are trading in stock market or forex market, it depends on your trading style. it's true that in forex market your a little mistake can wipe you out.SO please change your trading style.

ok
have a happy trading.
0 traders viewing now