The average result per trade in R: (win rate × average win) − (loss rate × average loss). Positive expectancy over a large, honest sample is the goal; it is never guaranteed to continue.
How traders use it: Measured from a large, recorded sample with costs included, not from a handful of trades.
Common mistake: Estimating it from memory or from a few recent trades.
Related: R-multiple (R) · Drawdown
Used in: Risk per trade, R-multiples, and expectancy
See this term in the full glossary · All terms
Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.