Probability matrix for additional profit of an open position
Author: abegy
Creation Date: 2/19/2014 8:21 AM
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abegy

#1
Is it possible to help me to develop a script based on the following idea ?

Based on positions closed on the last 100 trades, I would like to be able to have a matrix of probabilities for answering these questions :

- If my current opened position is profitable, what is the probability to add x point more of profit in the next coming bars.

- If my current opened position is negative after x bar, what is the probability to become profitable in the next coming bars.

Thanks for your assistance
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DartboardTrader

#2
You can script almost anything you like with WealthLab. Quantifying probability of profit/gain in the next coming bars is open to your imagination.

Open the "WealthScript QuickRef" (F11), and search for "Positions".