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Trading Probability
I am building an experiment for trading here is the idea.
It came to me 3am so it's still quite raw the idea is to look at the historical data you can either have a Long or Short so we look back in history and from the open look either side for a 50 point price if there is and the occurrence is very high i.e. 90% of the time then add a point to the 50 pip so the system then look for 51 pip either side of the open continue until the occurrence hits our pre set Percentage once that is hit then see which has the higher probability of hitting that target either Long or Short.
I don't know how to seperate the Long and Short calculation as i will be adding more daily stats.
I have been attempting the formular for the Probability but i'm no good at this. Also I have not even attempted to do the target and adding of the point. I need to buy some books on Excel to help improve my lack of skills and hopefully give something back.
Any help would be great.
Regards
Kiwi
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