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1. I thought I was wrong once... but I was mistaken...
2. I'm not all knowing...occasionally I have to ask @Fat Tails questions... but I can never understand his answers...
3. Seriously... you convinced me...I really am looking forward to your journal...
"Not intended to be a factual statement" John Kyle Senator Arizona
Disclaimer: This post does not represent the view point of the owners, managers, or moderators of this web site and is not intended as a slam against any moderator, board member, any banned former members whose name we dare not say, any other living person, any recently living person or any person or persons whose status we are not sure of and especially not for any platform vendor with a questionable product and a pit bull lawyer. This post is meant purely for entertainment and should not be confused with a real thought.
I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar .Even though I have an opinion on every subject under the sun, I do not give financial advice. Nor should I be held responsible for feeble attempts at humor at your expense.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Personally, I would like a system that gives me 75% win ratio and my average winners being 3 times larger than my average losers.
But, this would still be not good enough if you do not have a stop loss in place, as then you would blow out your trading account before you would make any money.
Just my 2 pennies worth. I am english, so cents do not work for me.
Back to the op's topic of %wins, for those who are interested in examples of statistics from real trading systems, the Collective2 site is a free source of data and results from actual trading systems. For the most part, the examples are what not to do which can be as important as what to do.
The Collective 2 discussion should be moved to its own thread where it would be more appropriate. This thread was not about Collective 2, so please don't hijack the thread.
Because I am interested in trading stats, here is some data from an unnamed source. This builds on the comments from previous contributors. These charts contain data for systems with average trade durations less than 24 hours.
The three charts show:
% winners vs win/loss ratio - similar to the chart that was posted by indextrader7
% winners vs profit factor - systems that are high in both numbers typically use a Martingale approach (doubling down when trades are losing)
profit factor vs % drawdown - CHART HAS BEEN REMOVED AS DATA WAS INCORRECT - as above, Martingale systems have high drawdowns and will eventually blow up
As has been stated, additional factors (beyond these three) should be evaluated for any trading system. Anyway, this is just data. You are welcome to draw your own conclusions.
Here is a subset of the charts in the previous post. This data only includes systems with average trade durations between 5 minutes and 2 hours. Distribution of the data appears to be similar but the population is much smaller.