What can we do with a 90% winning rate? (what can we do with 90% winrate?)
Hello everyone, welcome!
Let me start by saying that so far this is more of an idea than a trading system.
We can say it is under development and anyone is welcome to help.
I would also like to say that nothing is copyrighted and everything is free.
It’s time to give retail investors the edge, what we need is consistency and profitability.
I do not recommend anyone to live trade this system, as stated above it is a work in progress,
And live trading may still not be safe, and if you choose to do so, you do so at your own risk.
I started this post to share this idea and trading method I discovered so that together we can hopefully improve it.
More heads are better than one, and I'm probably not the smartest guy, so there's that.
At present, the winning rate of this method is as high as 90%. That means it won 9 times out of 10 trials, or 900 times out of 1000 trades, and I backtested it for 1000 trials and that's how I got this percentage. The system is profitable but needs improvement, especially from a risk-reward perspective, as the risk of trading now outweighs the reward and should probably change,
I honestly have no idea how to do it and can't think of anything that works, and so far everything I can think of will have a negative impact on winrate. Of course ideas are welcome,
I don't have an EA, I have been manually trading and testing the system in a Forex tester. I haven't done live trading yet because I think it has to be improved first.
Important! I would not recommend anyone to live trade this system yet,
Even if they can, be prepared that you may suddenly suffer huge losses,
Remember I warned you that it should still be profitable in the long run, so you can decide how much drawdown you can accept.
This is a very simple method, we will use the standard retracement tool in Metatrader, however, we will modify it first.
So let's go ahead and open the retracement tool and delete all levels except zero, 100 and 1.168,
Then add only level 80, (0.8)
On the 80 line inside the retracement tool, mark it as a target,
At the 1.168 level, mark it as Stop Loss.
Now that we have our tools, that's all we need to trade this thing.
it should look like this
Let me start by saying that so far this is more of an idea than a trading system.
We can say it is under development and anyone is welcome to help.
I would also like to say that nothing is copyrighted and everything is free.
It’s time to give retail investors the edge, what we need is consistency and profitability.
I do not recommend anyone to live trade this system, as stated above it is a work in progress,
And live trading may still not be safe, and if you choose to do so, you do so at your own risk.
I started this post to share this idea and trading method I discovered so that together we can hopefully improve it.
More heads are better than one, and I'm probably not the smartest guy, so there's that.
At present, the winning rate of this method is as high as 90%. That means it won 9 times out of 10 trials, or 900 times out of 1000 trades, and I backtested it for 1000 trials and that's how I got this percentage. The system is profitable but needs improvement, especially from a risk-reward perspective, as the risk of trading now outweighs the reward and should probably change,
I honestly have no idea how to do it and can't think of anything that works, and so far everything I can think of will have a negative impact on winrate. Of course ideas are welcome,
I don't have an EA, I have been manually trading and testing the system in a Forex tester. I haven't done live trading yet because I think it has to be improved first.
Important! I would not recommend anyone to live trade this system yet,
Even if they can, be prepared that you may suddenly suffer huge losses,
Remember I warned you that it should still be profitable in the long run, so you can decide how much drawdown you can accept.
This is a very simple method, we will use the standard retracement tool in Metatrader, however, we will modify it first.
So let's go ahead and open the retracement tool and delete all levels except zero, 100 and 1.168,
Then add only level 80, (0.8)
On the 80 line inside the retracement tool, mark it as a target,
At the 1.168 level, mark it as Stop Loss.
Now that we have our tools, that's all we need to trade this thing.
it should look like this
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