Playing around to get more accurate risk of ruin for my strategy. For the sake of calculation, let's use 30% as risk of ruin.
Between backtests and live trading, i'm going to use conservative win,loss rate between the two:
backtest:
live trading:
The win rate wouldn't be affected much by the outliers.
I'm going to use 70% win rate and "U" is going to be 5 (max positions allowed before bot shuts off for the day).
My risk of ruin comes out to about 1.44%
Just to put things in perspective:
https://injuryfacts.nsc.org/all-injuries/preventable-death-overview/odds-of-dying/
I have better chance of dying from cancer or heart diseases then experiencing 30% realized drawdown with this strategy.
Between backtests and live trading, i'm going to use conservative win,loss rate between the two:
backtest:
live trading:
The win rate wouldn't be affected much by the outliers.
I'm going to use 70% win rate and "U" is going to be 5 (max positions allowed before bot shuts off for the day).
My risk of ruin comes out to about 1.44%
Just to put things in perspective:
https://injuryfacts.nsc.org/all-injuries/preventable-death-overview/odds-of-dying/
I have better chance of dying from cancer or heart diseases then experiencing 30% realized drawdown with this strategy.
