[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Positive Expectancy



PureBytes Links

Trading Reference Links

At 10:04 AM 3/28/99 EST, you wrote:
>Has anyone developed ela or Excel code for Tharp's expectancy to compare
>systems.  I believe he contradicted himself in his chapter devoted to
>expectancy.  If so, that contradiction has me confused.  Would someone share
>their expectancy code?
>
>Russ
>
>

Russ - I created an excel sheet to calc it, but I don't have a clue as
to what use it is. Critical to the calculation is what he calls 1-R or
'mimimum risk', but this is such an arbitrary number for many systems
that I find expectancy can be any number I want by varying the 1-R
input. I asked Tharp to clarify but just got a condescending reply.
Send me a private email if you want and I'll send you the excel sheet.

rich

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Rich Estrem, Tucson,Az.
estrem@xxxxxxxxxxxxx
~~~~~~~~~~~~~~~~~~~~~~~~~~~~