Hi all, I’d like to improve my stats a little bit, preferably RR ratio. There are a few ways that I could do it. 1) better entries/tighter stops, this would be going down on a lower timeframe for entries (downside is getting stopped more often and missing profits) 2) increase take profit target, this will increase average RR ratio however at a cost of decreasing my win rate, and also psychologically more difficult as you’d have to deal with profits vanishing etc 3) increasing win rate - downside is I get lesser trades, and might have less total gains in the long run What is your experience with this?
65% win rate with 1:1,5 risk:reward? Congratulations, you have created a cash printing machine. Change nothing, retire very rich within a decade or so. What time period and how many trades are these statistics based on?
Hundreds, have been trading live this live for sometime already and the stats match up with the backtesting stats (about 10 years on multiple currency pairs). Maybe I should look to get funded, honestly me asking this question was more of how do i make more money because I’m just making beer money right now
Increase the deposit then. If you have a successful strategy with those results and you try to force it, eventually it will fail.