Backtesting by hand: how many trades do you collect before trusting a setup?

Manual backtesting — scrolling back, marking setups, recording results — is slow but teaches more than any automated run. The question is always sample size: twenty trades is noise, two hundred is information.

Backtesting by hand: how many trades do you collect before trusting a setup? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your standard?

  • how you run a manual backtest
  • the trade count you require before going live
  • how you keep the test honest (no hindsight editing)
Backtesting by hand: how many trades do you collect before trusting a setup? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The expectancy guide tells you how to read the results.

Background: Risk-reward ratio, win rate and expectancy: the maths behind a trading edge

A high win rate can still lose money. See how win rate and risk-reward combine into expectancy, with break-even win rates and worked examples.

What is a good risk-reward ratio in forex?

There isn't one right ratio. What matters is expectancy, the win rate and ratio together. A 1:2 ratio breaks even at about 33% winners before costs, while a 1:1 ratio needs 50%.

How do you calculate trading expectancy?

Multiply the win rate by the average win and subtract the loss rate multiplied by the average loss. Measuring wins and losses in multiples of the amount risked (R) makes the result easy to compare.

Read the full guide

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