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Can someone explain Z-score to me....
Dec 23, 2011 at 16:10
3,906 Zobrazení
8 Replies
Členom od Oct 28, 2011
23 príspevkov
Dec 23, 2011 at 16:10
Can someone explain Z-score probability including what a negative number means.
forex_trader_33781
Členom od Apr 11, 2011
200 príspevkov
Dec 24, 2011 at 07:36
(upravené Dec 24, 2011 at 07:40)
If you hover your mouse over 'Z-Score' on your account(s) page(s), it explains the use of it with regards to MyFxBook. Here it is strictly used to estimate the probability of a win followed by a loss, or a loss by a win. A stable number means you have a good, consistent trading system. You don't want "randomness" in a system.
Z-score is a principle of statistics-- when I took my college statistics class, this was a primary topic. Basically, z-score is a reading of the distribution of data for probability in a statistical sense. The z-score is calculated by taking a data point and subtracting the distribution mean and dividing the total by the standard deviation. A positive number means that the data is higher than the mean, and a negative number means the data is below the mean. The best example of this is a class with several grades. Each grade is assigned a z-score according to the distribution mean and standard deviation. The higher the z-score, the higher the variation of that student's grade from the mean.
There are other methods by which probability can determine if your next trade will be a winner or loser, but Z-score is a simple calculation that takes into account all your current numerical data. I'm really not the most qualified person for a detailed explanation-- I barely passed my Stats class and only made it because my project was pretty good (determine differences in gasoline prices in various regions of the city). 😄
Z-score is a principle of statistics-- when I took my college statistics class, this was a primary topic. Basically, z-score is a reading of the distribution of data for probability in a statistical sense. The z-score is calculated by taking a data point and subtracting the distribution mean and dividing the total by the standard deviation. A positive number means that the data is higher than the mean, and a negative number means the data is below the mean. The best example of this is a class with several grades. Each grade is assigned a z-score according to the distribution mean and standard deviation. The higher the z-score, the higher the variation of that student's grade from the mean.
There are other methods by which probability can determine if your next trade will be a winner or loser, but Z-score is a simple calculation that takes into account all your current numerical data. I'm really not the most qualified person for a detailed explanation-- I barely passed my Stats class and only made it because my project was pretty good (determine differences in gasoline prices in various regions of the city). 😄
Členom od Jan 18, 2014
12 príspevkov
Jan 19, 2014 at 19:23
what is number the best z-score in our strategy?
Členom od Nov 24, 2015
1 príspevkov
Dec 17, 2015 at 07:39
my z-score is
Z-Score (Probability): 1.34 (81.97%)
- What does it mean ?
- How bad is my system ?
- How do I use it to improve my system ?
Thanks alot.
Z-Score (Probability): 1.34 (81.97%)
- What does it mean ?
- How bad is my system ?
- How do I use it to improve my system ?
Thanks alot.
Členom od Apr 29, 2016
1 príspevkov
Jul 26, 2017 at 06:43
Can anyone explain more about this z-score.. I mean what's considered a good z-score?
Always improve, Always Learn
Členom od Jun 01, 2017
12 príspevkov
Jul 27, 2017 at 11:44
Does anyone have an equation for Z score?
Členom od Apr 26, 2021
1 príspevkov
Jul 17, 2021 at 15:56
minhfx2 posted:
my z-score is
Z-Score (Probability): 1.34 (81.97%)
- What does it mean ?
- How bad is my system ?
- How do I use it to improve my system ?
Thanks alot.
😀
Členom od Feb 25, 2021
5 príspevkov
Oct 07, 2021 at 18:24
This is the first time I've heard of this method.
I will go and read more about it.
I will go and read more about it.
Členom od Mar 19, 2021
9 príspevkov
Oct 07, 2021 at 18:27
Working method. A bit complicated in my opinion. But working is the main thing.
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