over 90% win rate

schweiz said:
Any hard facts, studies or articles you could point me towards?
Or can you explain maybe why this mathematically is so?

Commissions are so small, less then 30% of 1 tick in the ES, that even making the smallest profit possible (= 1 tick) will leave you with at least 70% profit of the sell minus the buy.
My average profit is for the last 3 weeks 7.83 points and my average loss is 2 points, net after commission and slippage. So exactlty the contrary of what you say.

You wrote this: So I bought a monthly plan then lost all my money in just about 5 days. So there is 26 days left and they no longer allow me to freeze my account. What am I do with this? Can I lend my account to someone else for a price or is that against the rules? This would suck to just let 26 days run by which I paid $120 for.

I think you are not really the best source to be believed. Still at the stage of trying to find an edge and even willing to pay for it.
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SteveH said:
Any system maintaining higher than 70% winners will have to take on upside-down risk.

Upside-down risk is the road to trading ruin.
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Why
 
SteveH said:
Any system maintaining higher than 70% winners will have to take on upside-down risk.

Upside-down risk is the road to trading ruin.
More...

Any system will have to take on upside-down risk.
Upside-down risk can be the road to trading ruin for ALL systems.


Can you tell me why it changes at a 70% winning rate? How can you have more risk while you are proving that you have better entry skills then those who have less then70% winning trades?

It sounds like if you have not much accidents as a cardriver your risk to get killed in an accident is much higher??? Having more accidents will save you from getting killed??? :confused:

Your statement is only true for high rate winners that have high rates because they stay in losers to avoid having lower winning rates. For all the others your statement is complete nonsense. I always use fix stops so I can never get ruined.
 
schweiz said:
Any system will have to take on upside-down risk.
Upside-down risk can be the road to trading ruin for ALL systems.


Can you tell me why it changes at a 70% winning rate? How can you have more risk while you are proving that you have better entry skills then those who have less then70% winning trades?

It sounds like if you have not much accidents as a cardriver your risk to get killed in an accident is much higher??? Having more accidents will save you from getting killed??? :confused:

Your statement is only true for high rate winners that have high rates because they stay in losers to avoid having lower winning rates. For all the others your statement is complete nonsense. I always use fix stops so I can never get ruined.
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BINGO
 
Well then what in the christ are you doing on here or looking for money by selling it? F..F..S Any trader wouldnt even both logging into Elite trader if they had a 90% win rate backtested algo. They would be killing it 24/7 and not giving a shit.
 
dom993 said:
I have one of these, although currently in prototype form.

Not sure I like it though ... the average loss being 2.5 x the average win, it doesn't take long to get into a significant DD, and then, it can take a long time to get out of it.

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Average win v av loss - the 2.5x is fine as long as there is only 25% loosing trades???
 
I met a TraderEX and he told me that 100% was very realistic on a daily basis. The few tips he gave me panned out immediately. It's a 1 tic profit system. Is yours like that?
 
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