How We Calculate PipReaper's Win Rate: Methodology and Transparency

Why Methodology Matters

The forex bot industry has a transparency problem. Vendors routinely inflate win rates by excluding losing trades, counting partial closes as wins, or only showing backtested results. We take a different approach.

Our Definition of a "Trade"

A trade is counted when PipReaper:

1. Opens a position (market order executed)
2. That position is closed — either by take-profit, stop-loss, trailing stop, or manual close

Every closed position counts. No exceptions. No exclusions.

What Counts as a Win

A trade is a win if the net result (after spread and commission) is positive. Even if the trade made only 0.1 pips net profit, it's a win.

What Counts as a Loss

A trade is a loss if the net result is negative or exactly zero (breakeven trades are counted as losses, not excluded).

Common Industry Tricks We Avoid

1. Excluding "Scratch" Trades

Many vendors exclude breakeven or near-breakeven trades from their statistics. This artificially inflates the win rate. We count every trade.

2. Counting Partial Closes

Some bots close half a position at take-profit and leave the rest running. If the remainder hits stop-loss, they count it as "1 win, 1 loss" instead of the true blended result. We report the full position result.

3. Backtest-Only Results

Backtested results always look better than live trading due to the absence of slippage, requotes, and spread variations. Our reported metrics are from live trading only.

4. Cherry-Picking Timeframes

Showing only the best month or best quarter is misleading. We publish monthly reports — including bad months.

Our Reporting Standards

• All accounts are live — real money, real execution, real slippage
• Results are from default settings — the same configuration new users receive
• We include all costs — spreads and commissions are factored into every result
• Monthly reports are published regardless of performance

The Metrics We Track

Beyond win rate, we report:

• Profit factor — gross profit divided by gross loss (above 1.5 is strong)
• Maximum drawdown — worst peak-to-trough decline
• Average risk-reward ratio — how much we risk vs. how much we target
• Sharpe ratio — risk-adjusted return
• Recovery factor — net profit divided by max drawdown

Transparency builds trust. We'd rather show honest results — including losing months — than manufacture a perfect track record like many competitors.