!-- google analytics --> Know when to fold ‘em just like in Poker with probability

Quant Trading Live Report

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September 9, 2020  

Know when to fold ‘em just like in Poker with probability

September 9, 2020
Just like in poker, you need to know when to turn of your bot when your daily target has been reached or nearly reached. I have manual control when to turn on or off the bot at my will. This all comes down probability and measuring your risk in your log for the day. During my webinar last nite, someone asked why they fail in forex after 12 years. One is there is standard risk metric that does not exist in FX. With out it, you are not able to quantify the probability of when to shut down your bot for the day if you feel close in achieving max performance.
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