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Meaning of Probability in context of Strategy Analyzer

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    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

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      #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

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          #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

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

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                #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

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                  #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

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