Win rate is half the story
A hit rate only matters next to your payoff. This tool shows the break-even your reward-to-risk demands, so you know if the edge is real. Set the payoff first on the risk-reward calculator.
Track it honestly β most people round up
Win rate = wins Γ· total_trades Γ 100. The honest version includes every trade you took, not just the ones you remember. Breakeven trades don't count as wins. Partial closes count as partial wins β if you close 50% at TP and 50% at stop, it's 0.5 win.
Win rate alone tells you nothing without average win and loss size. A 70% win rate strategy can lose money if losers are 3Γ larger than winners. Profit factor (gross wins Γ· gross losses) combines both. Below 1.0 means the strategy loses overall. Above 1.5 is considered good.
Common mistake: calculating win rate over too few trades. 10 trades of 60% win rate is meaningless β it could be luck. 100+ trades start to show a pattern. 500+ trades is where most strategy edges become statistically significant.
Related: required win rate for profitability, profit factor calculator, loss streak probability.