In general, do you think there are many simple intraday systems with a win ratio as high as 65% when the risk to reward is an even 1 to 1? I have a breakaway gap strategy that seems to trade very very very well on momentum, but despite my manual test results I am finding it hard to believe that the win rate is 65%. I have heard many times that it is very difficult to find anything above 50%. What does everyone think?
65% win ratio with 1:1 risk/reward?
- Thread starter BillySimas
- Start date
Yes, obviously lots of profitable traders have 4:1 or better reward-to-risk setups and they are only right maybe 30% of the time, this is common knowledge. I am speaking merely about 1:1 setups, does anyone have ideas on whether or not 65% is a feasible win rate? I haven't fully backtested this strategy and I'm just wondering if they data I have gathered so far is a good estimate.
Quote from trackstar:
It was hard for me to get anything above 40% for a long time. The good thing was that I didnt "need" a better percentage to be profitable. At some point something clicked and I now have a much nicer number and a lot more P.
i wish i could do that!Equities, an average of 3-4 trades per day. Limit orders only.
I don't know what a pro stop is but yeah the limit order/stop/target are all placed at the same time, upon completion of a candlestick.
Duh, I'm talking about backtesting. You have a lot to learn if you don't know what I'm referring to.