My trading summary last financial year - makes for an ugly read

[cynic]

Not sure of the exact details but a 40% win rate would be good enough for most systems. In fact pretty good. What I'm guessing at is the when a system wins 40 % of the time thats only part of the story.

Its not a binary outcome, up or down at all. Its win 2-10R or stop at BE or lose 1 R. The outcome is nowhere near binary. And cannot be inverted to get 60% win rate.

I quite agree. My comment about inversion was in reference to a binary indicator only!!! I am well aware that their is usually a sizable difference between between indicator efficacy and the win rate of trading strategies deployed in response!!! My apologies if my post didn't make this clearer!