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Meaning of Probability in context of Strategy Analyzer

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  • NinjaTrader_JoshG
    replied
    demo166130, That is correct.

    Leave a comment:


  • demo166130
    replied
    Meaning the types of trade taking place in the period analyzed are outliers?

    Leave a comment:


  • NinjaTrader_JoshG
    replied
    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.

    Leave a comment:


  • demo166130
    replied
    So a very low number would mean.......

    Leave a comment:


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

    Leave a comment:


  • demo166130
    replied
    I get the meaning of the word probability. The probability of what happening?

    Leave a comment:


  • NinjaTrader_JoshG
    replied
    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


    Leave a comment:


  • demo166130
    replied
    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.

    Leave a comment:


  • NinjaTrader_JoshG
    replied
    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

    Leave a comment:


  • 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

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