• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

Meaning of Probability in context of Strategy Analyzer

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Meaning of Probability in context of Strategy Analyzer

    In the simplest way possible, could you explain what a high or low reading actually means. I've looked at the offiicial definition according to NinjaTrader and it isn't exactly registering.

    Thanks

    #2
    Hello demo166130,
    Thanks for your post.

    What definition for probability are you referring to? The only official definition I see mentions "Student's t-distribution" as what is used to determine probability.

    https://ninjatrader.com/support/help...ingProbability
    Josh G.NinjaTrader Customer Service

    Comment


      #3
      I'm talking about the definition you just posted a link to. Can you try and simplify it's meaning by saying 'if you have a high probability it means XYX, If it's low.... Really not fully understanding what it means.

      Comment


        #4
        demo166130,

        If you have a high probability it means it is more likely to happen. You can read more about Students t-distribution at the following publicly available link.

        https://en.wikipedia.org/wiki/Studen...t-distribution


        Josh G.NinjaTrader Customer Service

        Comment


          #5
          I get the meaning of the word probability. The probability of what happening?

          Comment


            #6
            According to the help guide it is the probability that a trade occurs that would return the same PnL as your Avg. trade.

            Josh G.NinjaTrader Customer Service

            Comment


              #7
              So a very low number would mean.......

              Comment


                #8
                demo166130,

                A very low number would mean there is very low probability that a trade occurs that would return the same PnL as your Avg. trade.

                Josh G.NinjaTrader Customer Service

                Comment


                  #9
                  Meaning the types of trade taking place in the period analyzed are outliers?

                  Comment


                    #10
                    demo166130, That is correct.
                    Josh G.NinjaTrader Customer Service

                    Comment

                    Latest Posts

                    Collapse

                    Topics Statistics Last Post
                    Started by Gav_G, Today, 02:12 PM
                    2 responses
                    4 views
                    0 likes
                    Last Post Gav_G
                    by Gav_G
                     
                    Started by Gav_G, Today, 01:41 PM
                    0 responses
                    5 views
                    0 likes
                    Last Post Gav_G
                    by Gav_G
                     
                    Started by kweiss, Today, 01:21 PM
                    0 responses
                    5 views
                    0 likes
                    Last Post kweiss
                    by kweiss
                     
                    Started by digibob, Yesterday, 06:45 AM
                    2 responses
                    15 views
                    0 likes
                    Last Post NinjaTrader_ChrisL  
                    Started by cutzpr, Today, 08:44 AM
                    0 responses
                    3 views
                    0 likes
                    Last Post cutzpr
                    by cutzpr
                     
                    Working...
                    X