// Resources
Expectancy Explained
The average amount a strategy expects to make or lose per trade.
Formula
(Win Rate × Avg Win) − (Loss Rate × Avg Loss)
Why it matters
Expectancy is often more useful than win rate because it combines accuracy and payout size.
Example
45% win rate, 2.2R average win, and 1R average loss creates +0.44R expectancy.
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