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 — most people round up
Win rate = wins ÷ total_trades × 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 — 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 3× larger than winners. Profit factor (gross wins ÷ 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 — 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.