Are there really traders with 100% Success Rate???

You dont need a 100% success rate to be a successful trader

Definitely true, I agree with you!

True. You only need for your profits to exceed your losses.

Wider SL we use and tighter targets - more winnings we get and vice versa. Loss in not just a loss, this is a risk you take to win in a long run. Only chance not to lose is not to trade, therefore losing is not bad at all once your losses are in accordance with your trading plan and trading plan is successful based on sample size.

I coded an EA with the attached result
It seems to be profitable, but not sure if it's low risk.
Appreciate anyone advice on how to read this report, especially regarding the drawdown (Absolute, Max and Relative).
Just want to know whether or not the report shows low risk result. Thanks

Even if such traders - and they are able to produce such results over a long period of time -do exist I doubt they’d announce it. People like to keep that sort of thing a secret.

percentage of success is not important. Running after the holy grail will only lose you money in the long term... but usually in the very very short term.

To give an illustration - you are at 1.50000 on a pair, and you think it will go up 400 pips. So you open up a trade. it goes down 1 pip, and you close it out. It moves down a litte and then comes back to 1.49990. So you buy again.. You close down 1 pip... etc etc until it is 1.46000, when you buy and then it sails up to 1.54000... an 800 pip gain.

You may have banked 400 pips profit, but your win rate is only 0.25%

Or, you could buy at 1.50000 and have a stop loss at 1000 pips... it goes down the same amount, and then it goes up to 1.54000..

You have 100% success rate, but have still only gained 400 pips.

As long as you gain those 400 pips CUMULATIVE PROFIT, who really cares what your 'success percentage rate' is?

I could have a stop loss of 1000, and target .5 of a pip... chances are i am going to have a very close to 100% success rate... but it only takes that one trade to wipe out all the profits, and likely all the bank roll..

The important factor is risk to reward with the expectation of winners to losers.

So a risk reward of 1:2... ie, for every 50 you risk, you win 100... if you have an expectation of you win 50% of the time, your ROI will be 50%... you risked 400 pips to gain 200 pips.

The larer the sample size, the better the accuracy on average.

Percentage of winners v losers is only useful for people without the emotional capability to accept losers as part of trading.

Instead of using number of pips, The StopLoss of this EA is based on technical conditions.

Actually I'm a code beginner and yet to learn more about how to correctly read the report.
Having read some definitions of the drawdown but confused of the different types: Absolute, Max, Relative.

an Illustration might be easier for me to understand. Thanks

A great part of trading is cutting your losses early. For this reason, no successful traders have a 100% win rate.

That win rate is NOT 0.25%. It's 25% or 0.25. Nevertheless I do see your point and you are correct in that it's the amount that you profit vs. the amount that you lose that matters, not really the percentages. Another way to see it is take another example:

You go into a long trade at 1.50000, the first time it goes up 2 pips, you close down the trade locking in the 2-pip profit and then you buy again and the pair goes up another 2 pips and you close the trade locking in another 2 pips. And then you buy again but this time it goes down 400 pips and you lose everything. The win rate here 60% but you are down 400 pips.

So the moral of the story: The golden rule of short-term trading: Cut the losses early and let the profit ride!! The only trick is knowing WHEN the profit comes in. If you keep cutting losses and that windfall winning trade never comes, eventually your losses will outweight your winnings so you end up with low % of win rate AND large losses in $$ amount.

Proably more to do with my explanation, but 1 win out of 400... is 0.25%!

Such creature as 100% profitable trader simply does not exist. For example you are always one News release away from blowing your account. And even if you stay away from news trading, the market always can surprise you with unexpected movement in the opposite direction.

I do believe someone in the market is trading with 100% success rate. Money moves the market.
People who can move the market always win because they cause the market to move.
When they sell, price goes down and when they close the sell. It definitely moves up.
And that is why we have the so called "manipulation"

Yes, they live on the North Pole.

There are a lot of people who claim to have 80% or higher profitable trades, but in reality they don't make more than 50/60%..

Probability is overrated in the business of trading. On the other hand, Risk Management is the key to success but it is often overlooked by many traders especially new traders.

By ignore the risk management and not set your sl order properly or completely skip, any major black swan event would have the opportunity to kill your account.

My question for you is what's the point to have 100% probability and only to lost your entire account on the ONE trade just because you don't watch your risk?

Good trader would be looking to obtain a 100% probability rate because he is ALWAYS willing to take risk and measurable lost whenever he sees an opportunity to pull the trigger.

Richard Dennis made over 100000000$ from 400$ in a few years with a win rate of about 40%,at the end of the day win rate doent really count for much i would choose a good risk reward ratio over a good win rate any time.

There are only few traders who are real professional in Forex and their trading success can be 100% . Otherwise 99.5% are not able to make 100% success from this volatile trading place. Mostly are loser from here, because success is a long time process in Forex.

The problem with longterm trading is flash-crash situations. You could have using great strategy and stop loses but on flash-crash your SL might not save your account.

Therefore it is better to trade with maximum profit, short time and then cash-out to save earning.

There is no 100% success rate in trading...

I knew some great traders with only 50% success rate