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A statistical question for professionals

  • #1
  • First Post: Jul 20, 2014 6:47am Jul 20, 2014 6:47am
hey every one
as i am not very good in statistics i have a quistion

if i enter randomly 1000 trades and my target : stop is 3:1

what is the percent to get consecutive 16 stop loss hit to happen ؟؟؟؟
  • #2
  • Jul 20, 2014 7:10am Jul 20, 2014 7:10am
General answer http://www.forexfactory.com/showthre...37#post7122337
In your case K=16, N=1000, p=0.25
No greed. No fear. Just maths.
  • #3
  • Jul 20, 2014 8:03am Jul 20, 2014 8:03am
92.45%

There is a free xls calculator for this here:
http://www.daytradinglife.com/spread...lculator-xlsm/
No greed. No fear. Just maths.
  • #4
  • Jul 20, 2014 8:43am Jul 20, 2014 8:43am
Quoting PipMeUp
General answer http://www.forexfactory.com/showthre...37#post7122337 In your case K=16, N=1000, p=0.25
thank you for your help

but what is the percent symbol in this formula ???
and what is m an y ???
  • #5
  • Jul 20, 2014 8:44am Jul 20, 2014 8:44am
Quoting PipMeUp
92.45% There is a free xls calculator for this here: http://www.daytradinglife.com/spread...lculator-xlsm/
sorry to annoy you
i download the calculator but i didn't understand how to use it
  • #6
  • Jul 20, 2014 12:51pm Jul 20, 2014 12:51pm
Quoting zelenko
{quote} thank you for your help but what is the percent symbol in this formula ??? and what is m an y ???
percent symbol? You mean the sigma? It is the summation operator. m and y are the indexes for the summation.
Quoting zelenko
{quote} sorry to annoy you i download the calculator but i didn't understand how to use it
In the middle you have a white panel and three yellow cells. Note that you have to enter the chance of losing instead of the winrate in the 3rd one.
Attached Image (click to enlarge)
Click to Enlarge Name: calc.png Size: 214 KB
No greed. No fear. Just maths.
  • #7
  • Jul 21, 2014 8:16am Jul 21, 2014 8:16am
Quoting PipMeUp
{quote} percent symbol? You mean the sigma? It is the summation operator. m and y are the indexes for the summation. {quote} In the middle you have a white panel and three yellow cells. Note that you have to enter the chance of losing instead of the winrate in the 3rd one. {image}
thank you very much for your help

i try it on office 2003 but didn't work
i will download office 2013 and try again
thank you
  • #8
  • Jul 21, 2014 8:57am Jul 21, 2014 8:57am
The guy also provides an old excel version:
http://www.daytradinglife.com/spread...alculator-xls/
No greed. No fear. Just maths.
  • #9
  • Last Post: Jul 21, 2014 9:42am Jul 21, 2014 9:42am
Quoting PipMeUp
The guy also provides an old excel version: http://www.daytradinglife.com/spread...alculator-xls/
thank you very very very very very very very very much

you are very very very very very very very very awesome
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