Quote:
Originally Posted by zupcon
This is quite interesting. At first I couldnt understand why the probabilities didnt sum to a value of one, but I assume its due to the setting of the movement range, so at an extreme, if you set a target and stop of 100 pips, but only specified a 20 pip movement range, you'd end up with zero probability of either being hit. That's pretty neat
I also like the mean offset bias feature
Now I'm going to have to spend the rest of the day brushing up on stats and reverse engineering this thing  |
Sum of the two horizontal bars in the chart do not up 1, because they are not covering all the possibilities. There are three possibilities in trading, first price goes over tp; second price goes below sl; and the third possibility is price stays in between the movement range doesn't reach either side. I decided not to show the third possibility on the horizontal bar chart.