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Best Day Trading Strategy: Back Tested Over 1000 Trades

A profit factor is a measure of the profitability of a trading strategy. It is calculated by dividing the total profit of all winning trades by the total loss of all losing trades. A profit factor of 1.5 means that for every dollar lost, the trader makes $1.5 in profit.

In day trading, a reward-to-risk ratio of 1.5:1 is considered to be a good target. This means that for every dollar risked, the trader aims to make $1.5 in profit. For example, if a trader risks $100 on a trade, they aim to make $150 in profit.

It’s important to note that a profit factor of 1.5 and a reward-to-risk ratio of 1.5:1 are not the same thing. The profit factor measures the overall profitability of a trading strategy, while the reward-to-risk ratio is a measure of the potential profit and loss of each individual trade.

Trading View is a platform that provides market analysis software to help traders and investors make informed decisions. It is also the most prominent trader and investor social network on the web with over 50 million users. Trading View offers features such as market summary, editors’ picks, trade ideas, educational ideas, video ideas, pine scripts and streams for various markets, such as indices, stocks, crypto, forex, futures and bonds.

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