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What kind of values should I be looking for in the Trade Series Analysis?
If I'm reading the description correctly a Z-score of zero implies the distribution of my winning and losing streaks is the same as a Normal distribution.
So what is normal?
If instead I have a high score say 2.0 does that mean that 95% of my win/losing streaks (ie 95% of the observations within 2 std dev) are within a normal distribution? What if the score is -2.00?
On a more practical note I have 2 test results, same system, different parameters.
Most other statistics are comparable. So the 2nd test has a much higher ME (and overall profit), and % profitable is greater but the Z-score is much lower as is the Confidence Limits.
I realize one must look at the whole picture not just a few statistics in isolation but I'm trying to get my head around how best to interpret the Trade Series Analysis.
If I'm reading the description correctly a Z-score of zero implies the distribution of my winning and losing streaks is the same as a Normal distribution.
So what is normal?
If instead I have a high score say 2.0 does that mean that 95% of my win/losing streaks (ie 95% of the observations within 2 std dev) are within a normal distribution? What if the score is -2.00?
On a more practical note I have 2 test results, same system, different parameters.
PHP Code:
desc / test1 / test2
trades / 31 / 32
win% / 38% / 43%
Z-score / 1.85 / .64
conf lmt / .94 / .48
ME / $26 / $38
I realize one must look at the whole picture not just a few statistics in isolation but I'm trying to get my head around how best to interpret the Trade Series Analysis.