The Z-score is a statistical measure that represents the number of standard deviations a data point is from the mean of a dataset. It is used to identify outliers in the data and to assess the statistical significance of results. To calculate the Z-score, you need to know the mean and standard deviation of the […]

To calculate the profit factor, you need to first calculate the total profit and total loss from your trades. You can then calculate the profit factor by dividing the total profit by the total loss. For example, let’s say you made a total of 10 trades and had a total profit of $500 and a […]

The R expectancy (or expected value of R) is a measure of the expected return of a trading system or strategy. It is calculated by multiplying the probability of a trade being successful by the potential profit of the trade, and then summing these values for all trades in the system or strategy. Here is […]