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GC
Strange , but thought about your question for about 55 hours;
5% is probably hi range but acceptable.
Even if its 70% or 80% hit rate i aim for more/higher % than that;
not that lots/lots of money hasnt been made with larger DD than that & much lower % hit rate.
70% could not only mean more than 5 misses in a row[way to much for me]; monthly candles are quite useful- that could mean 30 months in a row wrong[30 months wrong out of 100]. Probably wouldnt be that bad.Also I am talking about trend trading when long & medium & some short term trends agree................................................................ 5 minutes is noise to me.
murray tt;
55 year old
I average 20-50% hit/kill rate on 55mph gamebirds[20 %kill rate is average];
almost always a trade miss , in my position trading means the medium trend has changed,stop trading till trend is correctly identified.
Also i dont count a sideways trend as a miss;it is uptrending or downtrending