The win rate tells you the percentage of your trades that are winners. A winner is defined as a trade with a positive P&L. If the P&L is zero, this is classified as a scratch trade, and is not counted.
For example if you do 10 trades, 3 losers, 3 break-even and 4 winners, then your win rate is 40%.
Different strategies have different win rates. A low win rate will require a high risk:reward ratio, and higher win rate can be profitable with lower risk:reward ratios.
The Gameplan shows how your win rate varies depending on your strategies, timing and psychological habits. Here you can identify situations in which your win rate is below or above your personal average (average is indicated by a dotted black line).
You can use the chart colours to identify the areas of highest impact on the P&L. The purple bars indicate settings in which your average P&L is above your personal average and the orange bars indicate situations in which your average P&L is below your personal average.
Here we see a trader with an overall win rate of 62% and a significantly higher win rate on Sundays.
If you want to analyse your trades during a specific period, simply set the date range of your choice.
