DislikedMark ah! Fellow Singaporean here! From my experience, a reward to risk ratio of 3:2 will only mean that 2 out of 5 trades hit T/P. In the long run, price will have an equal probability of moving up by 1 pip and moving down by 1 pip. Hence 3:2 reward will only be fulfilled 2/5 of the time over many trades, then minus away the commissions, you are basically bleeding money away... Unless if you are really lucky. Of course, if anyone were to dispute me, fine, and convince me that your method will make it more than 2 out of 5 for 3:2 reward risk.Ignored
From my experience, a reward to risk ratio of 3:2 will only mean that 2 out of 5 trades hit T/P. In the long run, price will have an equal probability of moving up by 1 pip and moving down by 1 pip. are you looking at a single dimension ?? I probably dont collect data so strictly as you ........ but you might have a better chance with more tfs and more pairs. If you are looking at single timeframe , your profitable chances will fit a normal bell curve.
Hence 3:2 reward will only be fulfilled 2/5 of the time over many trades, then minus away the commissions, you are basically bleeding money away... You doing forex porn ??? 1sec 5 sec 1min charts? MOve to higher timeframes or in the 19th realm of trader hell you are more likely to make your broker rich. My TP is any where 30 to 200 pips. If your tp is 5 to 10 yes commissions will kill.
Of course, if anyone were to dispute me, fine, and convince me that your method will make it more than 2 out of 5 for 3:2 reward risk. No need to convince .... as long as my mother in law receives her monthly protection tax, my trading is pretty much personal and this thread is more for amusement.