Do you know the average win rate?
Do you know the average win size in terms of R
Do you know the average loss in terms of R.
Or is this a wing it exercise in Hypotheticals.
What if you swapped to selling losers really quickly --even if they return to B/E before
they hit a stop
and you hold winners to at least > an R multiple that reflects a loss R multiple?
You may position size with a 1-2% stop but by ratcheting you could end up with
.5% in reality.
Much easier to profit .
Just an Idea as the duck flies by.
Furthermore here is a probability matrix , a 50% drawdown in an account needs a 100% return to get back to scratch . Cant speak for anyone else but in my world % trade success is a higher priority than R , don't get me wrong they are both important for sure but % has a bigger say in curve smoothness and risk of ruin . 2 systems with the same expectancy I will take the high % every time even though the low % potentially has better returns . Definitely a whole thread could be devoted to this , but I'm already convinced so I will leave that up to others .In addition to what the duck says, an extract from a book I have here.
OZL @ 2.18
That is either an awesome entry price... or a typo.
How are you doing that?
CFD
What about slippage from the spread.
This looks suspiciously like your winging it!
sell AWC 1.905
+3%
Can I ask why you sold GB, I still hold on my weekly system since 17th Oct.
I made the buy based on manually drawn lines. The coded lines have a slightly different angle and the target was hit a little while back. So I don't have anything useful to say, sorry. Looks pretty comfortable for a measured move up from here.
Position sizing is possible to some degree since the targets/stops are hard levels. But it's tricky when some targets are close and others quite a distance away. 2-5% risk per trade might work ok if the system turns out to have a high win rate.
Win rate would want to be bloody high with a 5% risk per trade!
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