Avg 25.9R per winning trade is excellent. The 25% win rate & small avg loss makes this possible. Noobs/scammers always claim a win rate rate of 80-100%. Seen a trader doing something like this backed with broker records - risking 2-4 ES ticks to make 6-7pts which gives you 24-28R & about the same avg loss & WR. This trader IMHO looks like they know what they are doing as long as this was live trading. The vast majority never think or trade like this which is why I like it.
Good Morning MISSSNP, I have NinjaTrader 8. Please send me the code in private message. Then I will tell you if it is real or fake. Thank you,
correction - for trading the ES to have the 25.9R it would be risking 2 ticks with a 13pt target. This is what it looks like: ES today (30 secs)
Its not easy to have a low win rate & larger targets. Your can be just as well off having a lower R if you take more trade setups. More than 1 way to skin a cat.
Hello comagnum, Good comment. Are you sure someone can make this work manually? With a risk of 2 ticks and reward of 13 points (52 ticks) this mean with 100 trades, there will be only 5 wins and 95 losses with a 5% win rate. Win rate has to be 5% to make money with this trade management style. I am not sure the human brain can handle a 5% win rate strategy, maybe an algo. I could be wrong, like you said, there are more than 1 way to skin a cat.
comagnum, Is this what you are talking about? This is actually my favorite setup. Very LOW - Winning Percentage - but great WinLossRatio (HighWLR). It is all about Controlling Risk. In my early trading days - I would often watch a Profitable trade - go Negative. While I want to give Price a chance to Run - I would much rather take a BreakEven trade - than go Negative - if that makes sense. Have a great day. VSTscalper
I like it. The law of large numbers + edge with relentless execution. If your an active trader you can be green 80% of the days, despite having a 25% WR.