win/loss over 70% - please help

[GTG]

This isn't necessarily a good idea, but one thing you can do to increase your percentage is to widen your stop-loss, or replace it with a time-stop instead of a price-stop.

Most countertrend systems with profit targets and time-stops can achieve a higher than 70% win rate (I.e. something along the lines of buy the lower bollinger band and sell with a 2% profit or after 4 bars etc...).

I'm not necessarily recommending you do these things...but these are things that can get a high winning percentage.

 

[nononsense]

Quote from zenith:

I'm looking for high probability system with winning rate 70% and higher and really need help, I just can't find patterns that have this kind of probabilities that show up in backtesting.

Is this possible by scalping only? Or any of you achiving this by swing trading?

Please Help!!! I'm not asking for exact set up just maybe somebody can point me into the right direction...

thanks a lot in advance.

Search ET for "Jack"

 

[99atlantic]

Why woudl you want to do that? -> the key is making $$$ in the market is to let profits run and know when to cut losses. By setting profit targets (which, aside from S/R trading is really one of the only few ways to do it) you'll have a high win % but REALLY suffer in profitablility

 

[zenith]

Quote from OddTrader:

Are you implying you have already had a profitable system winning just below 70%? Otherwise, why 70%?

Yes, I'm trading systems that are profitable about 45% of the time with ave. profits higher then losses.

 

[zenith]

Quote from nicholaf:

win loss really doesn't mean much.

you have to take the level of returns into consideration for the win loss to be meaningful

I totally agree and I understand that trade-off is lower profits vs. loss but it's ok. I guess I should of mentioned it in the original post.

 

[TradingGuy]

Look at buying into dips - countertrend.

 

[porgie]

when the correct answer post comes here i will point it out to you......not here yet.....

 

[porgie]

by the way, buying dips is not counter trend, but with the trend.......the dip is pullback during trend up and rally to sell is with trend down.......

 

[Cariocas]

Agreed. Best setups with lowest risk.

Cariocas

Quote from porgie:

by the way, buying dips is not counter trend, but with the trend.......the dip is pullback during trend up and rally to sell is with trend down.......

 

[volente_00]

I average 80-85% counter trend trading. Seems to work well for me. I actually hate range days and shine on days like today with the quick moves. I never risk more than 2 points on any given trade.