Yup, glad you mentioned the other ingredient of profitability which is to buy when price is going up and sell when price is going down. To any new trader; we are not deliberately being vague. Letting profits run, cutting losses, buying what goes up ...

High hit rate vs big R:R - Which one do you prefer and why?

I guess we'll never know then. I've only ever encountered this kind of jargon on FF forums. Its getting tiresome. You're funny.

High hit rate vs big R:R - Which one do you prefer and why?

Hi Hesron, Success in trading is akin to success in life. It involves finding and following your calling regardless of financial gain.

What is needed to be successful in forex trading

Just wanted to see if your idea was testable or had the ring of logic. Thats all. Anyway, there is a very well hidden secret... to the average FF poster at least. The secret is to let winners run and cut losses short. People seem to think that this ...

High hit rate vs big R:R - Which one do you prefer and why?

Oh, I thought it was an idea that you could just share. Nevermind then.

High hit rate vs big R:R - Which one do you prefer and why?

Im interested to hear this, please go on.

High hit rate vs big R:R - Which one do you prefer and why?

This. Also, I would like to see a strategy with a positive expectancy that takes profit at 1R and cuts losses at -1R. Though I suspect that these do not exist and if they do all the winners are clustered during large scale trends and using a ...

High hit rate vs big R:R - Which one do you prefer and why?

I have a feeling that this may not work out to have a positive expectancy. Would be great if you could run a test on it.

High hit rate vs big R:R - Which one do you prefer and why?

It refers to being more sensitive to spread widening and slippage.

Honing a strategy

Same phenomenon, different take on personal agency. It has always been this way. Even as early as the 1900s bucket shops would still find ways to provide their services despite being illegal.

High hit rate vs big R:R - Which one do you prefer and why?

Good systems presuppose change. The trick is to find a system that is compatible with its user.

Adaptation to changing system

Its the same today as it was a hundred years ago with bucket shops. Its not the fault of modern marketing or brokers. They are simply responding to a demand. People tend to have biases that lead to sabotage when confronted with the nature of ...

High hit rate vs big R:R - Which one do you prefer and why?

Ok. How about your stoploss / trailing stop? Have you considered scaling up the strategy to use daily bars to reduce friction and transaction costs?

Honing a strategy

I don't think such a thing exists.

Examples of Systems with an Edge

How to Not Trade the News: Stick to your system and use a wide enough stop that is insensitive to noise. How Not to Trade the News: Use small stops and high leverage just before big news events and hope to get lucky.

How to Not Trade the News

I don't think that approach is possible. If you make an alteration in an attempt to increase the hit rate, your modification will somehow impact some other part of the system. Its all a trade off. Even this line of discouse is misleading as it ...

High hit rate vs big R:R - Which one do you prefer and why?

Yup. I mean, if you manage to win 70% of the time you'll be rich in no time. Assuming your losses are not overly large.

High hit rate vs big R:R - Which one do you prefer and why?

But if such a style of trading doesn't exist then how can anyone trade it profitably and hold that opinion?

High hit rate vs big R:R - Which one do you prefer and why?

Well, I don't think such a setup exists today. I have also heard about such claims but never came across anything testable.

High hit rate vs big R:R - Which one do you prefer and why?

Any example of such a setup?

High hit rate vs big R:R - Which one do you prefer and why?