Hi. I've been working on a program for automated trading of stocks and crypto currencies which combines multiple trading strategies.
I have no background in mathematics so have no real idea of how to calculate probabilities.
If:
Strategy 1 has an average win rate of 55%
Strategy 2 has an average win rate of 57%.
Strategy 3 has an average win rate of 60%
I was wondering how to calculate the probability of the trade going in the right direction when two or more of these strategies generate entry signals at the same time??
I have no background in mathematics so have no real idea of how to calculate probabilities.
If:
Strategy 1 has an average win rate of 55%
Strategy 2 has an average win rate of 57%.
Strategy 3 has an average win rate of 60%
I was wondering how to calculate the probability of the trade going in the right direction when two or more of these strategies generate entry signals at the same time??