What is your effectiveness on real account at 100 transactions?
More on my Blog...
Poll
- profit trades/total trades*100
- Joined Aug 2007 | Status: Trader | 2,324 Posts
None of this matters.
% winners has nothing to do with profitability.
System expectancy comes from more data points, like average winner vs average loser... and ultimately can only be counted if the entire account is flat and not holding onto losers for eternity (til they turn around or the account is wiped out.)
I can't count how many people I've seen boasting about 90% win rates only to blow it all out on 1-2 trades that go bad. Who cares if you win 90% of the time if the 10% of the time you lose it puts the account under...
Always think...
I have to chuckle when I see the 90%+ boasters. They just can't seem to get it through their thick heads that those numbers mean nothing.
You can make a sh!!tload of money trading with systems that are 50% or less winners. It's just the 90% crowd are generally trading very small accounts and incorporate "recovery" or the dirty name they dont like calling it "martingaling".
Which is an absolute recipe for disaster as soon as the market begins to trend out of their range.
I know traders who are quite profitable at far less than 50%.
Me I will go on record as saying I have months where I am at 75% and I have months where I am trading at 25%. Overall I profit well.
If a trader can consistently achieve 90+% then you "should" be able to program your method and conquer the world.
Hmmmm....Checking the financial papers lately I have heard of no traders doing that sooooooooooooo...............
Don't tell me about your consistent 90+% wins because it's BS.
Cheers !
Bluesteele
Master your Mind,,,Master the Market
I am about to start trading a system which so far has exceeded my expectations.
it has a win rate of 38% and win/loss ratio of 3.5:1 according to my backtests.
the system makes about 15-20 trades per month so I expect to make over 60% per 100 trades risking 1.5%
I believe the system is simple and robust and able to withstand changes in the market.the entries requires some discretion but the rest is fully automated.
If this works out I will be a
millionaire in three years
!!!!!
it has a win rate of 38% and win/loss ratio of 3.5:1 according to my backtests.
the system makes about 15-20 trades per month so I expect to make over 60% per 100 trades risking 1.5%
I believe the system is simple and robust and able to withstand changes in the market.the entries requires some discretion but the rest is fully automated.
If this works out I will be a
millionaire in three years
!!!!!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
If this works out I will be a
millionaire in three years
I even made them myself like 5 years ago or so, only I was more bold than that.
I calculated when I would be a Billionaire.
Guess what, 5 years later and I'm not even a millionaire.
I make a good living and that's all.
(= more than enough though)
I never want to have a normal daytime job again that's for sure.
New voice message: Why are you calling me? If I need you, I'll call you!
I am about to start trading a system which so far has exceeded my expectations.
it has a win rate of 38% and win/loss ratio of 3.5:1 according to my backtests.
the system makes about 15-20 trades per month so I expect to make over 60% per 100 trades risking 1.5%
I believe the system is simple and robust and able to withstand changes in the market.the entries requires some discretion but the rest is fully automated.
If this works out I will be a
millionaire in three years
I tried trading the system which was based on M5 charts and found hypothetical results differ from real results !!!!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!