WickCheck / Trading school / Expectancy
ExpectancyIntermediate
The average result per trade, usually in R. Positive expectancy means the strategy makes money on average.
What it means
Expectancy = win rate × average win − loss rate × average loss. +0.2R per trade over 200 trades is +40R. WickCheck shows it as the average trade.
How to spot it
- Look at the 'average trade' number in your results.
Common mistakes
- Forgetting that costs are paid on every trade, which eats small expectancies.
Related terms
Profit factorGross profit divided by gross loss. Above 1 made money, below 1 lost money.…R and R-multipleR is the amount you risk on a trade. A result of +2R means you made twice what y…Win rateThe share of trades that make money.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.