Win Rate

Of every 100 trades, how many finish in profit. A high win rate doesn't mean you're profitable - winners need to be big enough to cover losses. A scratch (exactly break-even) trade counts in the total but not as a win.

Win rate is the share of your trades that closed in profit: winning trades divided by all trades. Limbix counts a trade as a win only when its P&L is above zero, so a scratch that closed exactly flat stays in the total but never counts as a win. Win rate alone can't tell you whether you make money.

How it's calculated#

$$\text{Win rate} = \frac{\text{trades with P\&L} > 0}{\text{all trades}} \times 100$$

Trades with P&L > 0

Winners on the active basis. A trade at exactly €0 is not a winner

All trades

Every trade in your range and filters: winners, losers and scratches

Try it#

CalculatorWin rate

↺ Back to the example

Winning trades

Losing trades

Break-even tradesClosed at exactly €0

40.0%You won 4 of your 10 trades.4 ÷ 10 × 100 = 40.0%The break-even trade counts as a trade, not a win.

The calculator opens with the worked example below: 4 winners, 5 losers and 1 scratch.

Worked example#

Your week holds ten trades. Four closed in profit (+€300, +€500, +€600, +€200). Five closed at a loss (−€150, −€200, −€250, −€100, −€300). One closed at exactly €0 after fees.

Win rate = 4 ÷ 10 × 100 = 40.0%

On the Dashboard, View formula in the tooltip reads "Winners / Total = 4 / 10 = 40.0%", and the line under the figure reads "4W / 5L of 10 trades". The one trade missing from 4W / 5L is the scratch.

Drop the scratch and you'd get 4 ÷ 9 = 44.4%. Limbix doesn't, because that scratch was a trade.

The basis can move a trade across the line. That scratch netted €0 after €8 of commission, so it made €8 before fees. Switch Reports to Gross and it becomes a winner: win rate reads 5 ÷ 10 = 50%.

When it shows "—"#

Reports lists open positions in an Open trades row so you can see how many are in the denominator. Close or filter them out if you want a win rate over finished trades only.

What's a good win rate?#

The tooltip gives no number, only this: "Read together with Avg Win / Avg Loss." That is the honest answer. A win rate is good or bad only against the size of your wins and losses.

The win rate you need to break even depends on your average win ÷ average loss:

Break-even win rate = 1 ÷ (1 + avg win ÷ avg loss), ignoring scratches.

In the example, your average win is €400 and your average loss €200, a 2.0× ratio. Break-even is 33.3%. At 40% you're above it, which is why trade expectancy comes out at +€60 per trade.

Reports paints win rate neutral, never green or red, for exactly this reason. A 38% book with 3R winners is a good system. A 70% book that gives it back on a few large losers is not.

How to improve it#

Chasing win rate on its own can cost you money. Improve the execution behind it instead:

1. Don't close winners early to protect the number. A winner cut before its target raises win rate and shrinks your average win. Limbix flags it as a mistake. See mistake detectors.
2. Take only the setups in your playbooks. Trades with no playbook are impulsive trades. Link a playbook to every trade: see link a playbook.
3. Compare win rate by playbook. A setup that wins 30% at 3R and one that wins 60% at 0.8R need different fixes. See compare playbooks.
4. Read wins and losses side by side. The Wins vs Losses report sets win count against average size. See breakdowns.

Where you'll see it#

• Dashboard: Trade win% in the rail, with the win/loss count under it ("4W / 5L of 10 trades") and a bar split by winners and losers. See read the day.
• Trade Log: Win rate in the stats bar.
• Analytics: WIN in the summary strip.
• Reports: Win % in the Overview ledger, the KPI cards, the per-bucket tables and Compare. Reports shows whole percents. See the Overview tab.
• Playbooks: WIN RATE on each playbook's page.

Frequently asked questions#

Is a 60% win rate good?#

It depends on your payoff. At 60%, you break even when your average win is about two-thirds of your average loss (0.67×). If your winners are bigger than that, 60% is profitable. If you take small profits and let losers run to twice their size, 60% loses money. Check your Avg Win / Avg Loss before judging the win rate.

Does a break-even trade count as a win or a loss?#

Neither. Limbix counts a trade as a win only when its P&L is above zero and as a loss only below zero. A scratch at exactly €0 stays in the total, so it lowers your win rate slightly. That is why the Dashboard can show "4W / 5L of 10 trades": the tenth trade is the scratch, counted in the total and in neither column.

What is the difference between Trade win% and Day win%?#

Trade win% divides winning trades by all trades. Day win% divides green days by all days you traded, where a day's result is the sum of every trade you opened on it. Ten trades can give you a 40% trade win rate and an 80% day win rate if the losers cluster on one day. Both appear on the Dashboard rail. See Net Daily P&L.

How can I be profitable with a win rate below 50%?#

By winning more on your winners than you lose on your losers. With an average win twice your average loss, you break even at 33.3% and make money above it. Many trend and breakout styles run below 50% for this reason. What matters is trade expectancy: win rate × average win − loss rate × average loss.