A minor correction was made to add acrary's remarks to the bottom. Jack [LATER EDIT by Magna:] At JackR's request his earlier post/spreadsheet was removed.
Nice to see you back . Just a little caution for beginners. Above example does not apply to real trading exactly as is written.
alan what happened? didn't lift off? anyways ... hope you won't get pm-swamped (knowing you will ...). how is your trading doing in low vola country? still trading the dax? peace
I developed all of my analysis software. The only canned package I still use is Tradestation for automating the strategies.
It's not supposed to be used to predict real trading. It's value is in helping to decide where to spend your development time. The primary limitation is that it reflects a normal distribution of trades about the mean. Every system will have a different distribution. Here's a system with a normal distribution (like in the table). 50 Trades 150 mean winner 100 mean loser