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You have to save the file in jpg format and then upload it on a server or else attach it as a file to your reply. For a picture storage server try this one... http://imageshack.us/ then paste the picture's direct link into your reply.

Not sure if I understood the question but no matter how large the number of tosses you expect to find the number of Heads around the mean +- some standard deviations. Standard deviation grows with sqrt(n) so after 1000000 tosses typically the number of heads will be around 500 thousand +- a...

If you have hundreds of thousands of independent random bets with a small proven mathematical edge to profit from during a year time-period then the cumulative result is very far from random. The only real danger for a casino is an unforeseen non-gambling related event -maybe a fire :-).

Under ideal conditions (meaning the back-testing time period is an ideal representative of what you can expect from your system in the future) an estimation of the validity of above metrics can be made using the formula…. Actual number is between: backtesting result – 1.96 *...

Of course you can. You only need to change the cells references in the VBA editor a little. Here is a quick example of the same spreadsheet a little altered to handle 20 leg positions. I hope I didn¢t mess the code.

:) Excel is your friend....

The island is called Santorini... http://en.wikipedia.org/wiki/Santorini

I will not be greedy and pick a country from the top of the list to live in. Nbr 133 is fine for me :p

:p Proprietary equity research reports at best are random calls and at worst are contrarian indicators. The readers must sue them for posting those.

:) I think he is joking. It seems like a simple MA system.

All this in a 12.97$ book containing most that an investor needs to know to be successful in the stock market yet people like to follow false-gurus for advice. :(

http://www.elitetrader.com/vb/showthread.php?s=&threadid=44490&pagenumber=2 Regards

Hi, and sorry for my bad english I have a couple of questions for you as I don¢t have access to the results and strategy followed by VN. What was his results for may (is -28% accurate)? What would the results be with his strategy if the S&P had dropped 20 – 25% in May? Regards

Proportional betting (Kelly) makes sense because compared to all strategies with the same risk it maximizes the median of the wealth. So it is an optimality criterion. Risk aversion is controlled by the proportion you are willing to bet in each trade (fraction Kelly). Good and Bad properties...

Covered calls will not give you an inherent advantage in making money. If you already have a stock that you would like to keep for fundamental reasons, consider writing out of the money calls when the IV for the stock is at a relatively high level compared to the past and you think that the...

Jerryz the math are easy to explain what the statement means. Xi are the ith step displacement. Assume step size equals S, so Xi can be either +S or –S. Total displacement after n steps is Xtot = X1 + X2 + X3 + …. + Xn Mean [Xtot] = Mean[X1 + X2 + X3 + …. + Xn] =...

What does Covell has to do with the study? :confused: The study looks ok.

Hi. First of all I would like to say that I am not a trend follower. However I find it hard to believe one could argue that trend following is not working at all. There are many assets that exhibit statistically significant trends. The following test example is from a non-US market stock-index...

:) I knew I had the backtest results of the PGO somewhere... These are with 2% risk per trade.

Mark Johnson¢s PGO free trend following system was less complicated and was working better than the Turtle Rules in some of the markets I back tested but don¢t take my word for it :). Regards