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Trade Performance....Probability vs. Percent Profitability what's the diff. ?
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Trade Performance....Probability vs. Percent Profitability what's the diff. ?
Looking at the Trade performance window ..... Can someone please explain the difference between the Probability (marked with white arrows ) and Percent Profitability? ( ones with yellow arrows . ) Please see the attached pic. for details. also, is there a rule of thumb as far as a good percentage to be considered as a good trader?
Thank you.Tags: None
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So what can it be best used to understand? It's clearly relevant, but how can it be ulitilized and understood?
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Chris L.NinjaTrader Customer Service
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Would you be able to explain in the most simplistic terms possible the meaning of the word probability in the context of the Strategy Anaylzer. I understand the meaning of the word but do not fully understand it's meaning in this context, even after looking at your official definition.
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Hello demo166130,
Thank you for the reply.
In the context of the strategy analyzer, it is the measure of how probable it is for any given trade in the collection to result in a profit/loss near your average PnL. If your trades have erratic PnL, the lower the probability that the trades you make will result in a number close to your average PnL.
Please let me know if I can assist further.Chris L.NinjaTrader Customer Service
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