Improving on win percentages, how can I do that? - futures io
futures io



Improving on win percentages, how can I do that?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one hector24 with 4 posts (4 thanks)
    2. looks_two PandaWarrior with 3 posts (5 thanks)
    3. looks_3 trendwaves with 1 posts (3 thanks)
    4. looks_4 kriedd with 1 posts (0 thanks)
      Best Posters
    1. looks_one kevinkdog with 5 thanks per post
    2. looks_two trendwaves with 3 thanks per post
    3. looks_3 PandaWarrior with 1.7 thanks per post
    4. looks_4 hector24 with 1 thanks per post
    1. trending_up 2,735 views
    2. thumb_up 20 thanks given
    3. group 5 followers
    1. forum 12 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Improving on win percentages, how can I do that?

(login for full post details)
  #1 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received

About 8 days ago I started trading a system that I put together. I started with about $900.00 I have built my account up to about $1,900.00 net including commissions. I have been only trading 1 contract on the Russell. I know that it is still early but I am pleased with my results, but I am not pleased with the percent of winning trades. My stats show me to have a 39.77% profitable rate. To me this is really low. Although my profit and loss is descent, I would really like to increase my percent profitable rate. What I am asking is how does one go about sharpening the knife so to speak with my system. What can I do too either filter out trades I should not be taking or adding another indicator. My system is simple and is based on a couple of standard indicators for my set up and then a standard indicator for a trigger. Kind of new to the improvement on a system. My system is nothing fancy but it works for me. Any help would be appreciated as to what process I can take to improve my percent profitable rate. I have attached a screen shot of my Ninja account performance sheet so that one can see the nuts and bolts of the end factor. By the way this is real money not sim trading.

part 1: http://screencast.com/t/ErEhZuTWhq
part 2: http://screencast.com/t/Bf77Xg4nJl

Thanks
Hector

Started this thread Reply With Quote
The following user says Thank You to hector24 for this post:

Can you help answer these questions
from other members on futures io?
short positions
EasyLanguage Programming
How to Register my Company in this Platform
Stocks and ETFs
ACSIL and "Add Symbol Study"
Sierra Chart
Alternative to Mcginley Dynamic MA
Sierra Chart
RangeRider for NT8 V10
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Vinny E-Mini & Algobox Review TRADE ROOM
268 thanks
EURUSD M6E/6E Euro
59 thanks
Would you share your Holy Grail?
58 thanks
Spoo-nalysis ES e-mini futures S&P 500
47 thanks
TST/OneUp/LeeLoo/Earn2Trade
24 thanks
 
(login for full post details)
  #2 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,144 since Jun 2009
Thanks: 32,647 given, 99,014 received

Win percentage is nothing to be overly concerned with.

What really matters is how much you are risking relative to the reward.

If you doubled an account in a few days the risk is likely way too much.

Sent from my LG Optimus G Pro

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #3 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,388 received



hector24 View Post
About 8 days ago I started trading a system that I put together. I started with about $900.00 I have built my account up to about $1,900.00 net including commissions. I have been only trading 1 contract on the Russell. I know that it is still early but I am pleased with my results, but I am not pleased with the percent of winning trades. My stats show me to have a 39.77% profitable rate. To me this is really low. Although my profit and loss is descent, I would really like to increase my percent profitable rate. What I am asking is how does one go about sharpening the knife so to speak with my system. What can I do too either filter out trades I should not be taking or adding another indicator. My system is simple and is based on a couple of standard indicators for my set up and then a standard indicator for a trigger. Kind of new to the improvement on a system. My system is nothing fancy but it works for me. Any help would be appreciated as to what process I can take to improve my percent profitable rate. I have attached a screen shot of my Ninja account performance sheet so that one can see the nuts and bolts of the end factor. By the way this is real money not sim trading.

part 1: performance part 1 - hector24's library
part 2: performance part 2 - hector24's library

Thanks
Hector

40% win rate is fine....mine has been around 36-37% now for months...and I am nicely profitable with it...i would like a better win rate but I realize its not the rate, its how big I win vs my losers.....thats really the only criteria and perhaps the real holy grail.....

Be happy with 40% and make sure you lose less than you win in terms of absolute dollars.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following user says Thank You to PandaWarrior for this post:
 
(login for full post details)
  #4 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received


Big Mike View Post
Win percentage is nothing to be overly concerned with.

What really matters is how much you are risking relative to the reward.

If you doubled an account in a few days the risk is likely way too much.

Sent from my LG Optimus G Pro

I am risking 7 ticks per trade and I go to break even at +5 then I use my fib extensions for my targets
and trail from there.
Is that what you mean by risk based on reward. Maybe the question I am asking is how do I determine risk vs reward as the definition that you would consider.

Thanks
Hector

Started this thread Reply With Quote
The following user says Thank You to hector24 for this post:
 
(login for full post details)
  #5 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received


PandaWarrior View Post
40% win rate is fine....mine has been around 36-37% now for months...and I am nicely profitable with it...i would like a better win rate but I realize its not the rate, its how big I win vs my losers.....thats really the only criteria and perhaps the real holy grail.....

Be happy with 40% and make sure you lose less than you win in terms of absolute dollars.

Oh ok great Panda. I was really just wondering because I saw that on my stat sheet and was a little surprised. Great to hear that this could be in line with other traders like yourself. What concerns me is that I hear other traders say that they are 80 and 90 percent win rates. But I guess like you say it really amounts to what your bottom line is.

Thanks
Hector

Started this thread Reply With Quote
The following 2 users say Thank You to hector24 for this post:
 
(login for full post details)
  #6 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,388 received


hector24 View Post
Oh ok great Panda. I was really just wondering because I saw that on my stat sheet and was a little surprised. Great to hear that this could be in line with other traders like yourself. What concerns me is that I hear other traders say that they are 80 and 90 percent win rates. But I guess like you say it really amounts to what your bottom line is.

Thanks
Hector

People who say they have 80-90% win rates are either scalping or selling something or both. I mean, who wants to buy something that is advertised as winning only 40% of the time. That sounds stupid. Hence the high win rates.

I believe some highly disciplined scalpers could have those kind of win rates but its beyond my personal discipline level and I'm not sure it's sustainable over time.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 3 users say Thank You to PandaWarrior for this post:
 
(login for full post details)
  #7 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,099 since Jul 2012
Thanks: 1,654 given, 6,164 received

After 1 week of trading, why would you be looking to improve your system? I can think of a few reasons, and none of them end well.

Here is a quick primer on why winning percentage is irrelevant...

Futures Magazine - April 2013

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #8 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received


kevinkdog View Post
After 1 week of trading, why would you be looking to improve your system? I can think of a few reasons, and none of them end well.

Here is a quick primer on why winning percentage is irrelevant...

Futures Magazine - April 2013

Thanks Kevin, very interesting. Thanks, Hector

Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
 trendwaves 
Market Wizard
Florida
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
 
trendwaves's Avatar
 
Posts: 703 since Dec 2012
Thanks: 2,898 given, 2,518 received


kevinkdog View Post
After 1 week of trading, why would you be looking to improve your system? I can think of a few reasons, and none of them end well.

Here is a quick primer on why winning percentage is irrelevant...

Futures Magazine - April 2013

Thanks Kevin , I had been using the wrong formula

Anyways, I have met maybe 2 traders that consistently achieve greater than 70% win percentage over time. I sometimes catch a lucky streak and do 80%+ wins, but always 'revert' back to the 50-60% zone. For planning purposes, I just assume going in I will end up with a 50% win rate.

I would just like to add, based on my experience, avoiding large losing trades is as important as anything a trader can do. I have found in my trading I get a lot of small wins and small losses, and a few larger wins, and (hopefully) no large losses. At least keeping a small loss from becoming a large loss is one thing we can control.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to trendwaves for this post:
 
(login for full post details)
  #10 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,388 received



kevinkdog View Post
After 1 week of trading, why would you be looking to improve your system? I can think of a few reasons, and none of them end well.

Here is a quick primer on why winning percentage is irrelevant...

Futures Magazine - April 2013

Thanks for this Kevin.....we'll written and easy to understand.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following user says Thank You to PandaWarrior for this post:


futures io Trading Community Platforms and Indicators NinjaTrader > Improving on win percentages, how can I do that?


Last Updated on February 10, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts