I am curious to know how people collate their trade stats.
Consider these results: -8, +14, -6, +34(+22,+12), -4
The +34 result includes an additional entry (pyramid) and the total position is managed with one exit.
5 trades: 2W(40%) +48 with AW = 24, 3L -18 with AL = -6, Expectancy = (0.4 x 24)-(0.6 x 6) = 6.0 )
6 trades: 3W(50%) +48 with AW = 16, 3L -18 with AL = -6, Expectancy = (0.5 x 16)-(0.5 x 6) = 5.0 )
I use the first method. Does it matter, not really. It may depend on where your focus is. Do you work on your W% or do you work on improving your expectancy?
I don't worry about my W% as long as its >50%, but I do try and improve my AW/AL by keeping my losses small and add to winning trades to increase my AW.
There is another aspect relating to our stats. How do you describe those break even trades? If you win only a few dollars when you exit after moving your SL to BE is this a winning trade? I class all my very small wins (<0.1R) as losers, because I have risked a much larger amount and not profited significantly for that risk. This decision lowers my W% but again I am not too concerned by this.