1 / 9

# Statistics and the Equity Curve

Statistics and the Equity Curve. An analysis of our trading methodology. Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. Statistics .

## Statistics and the Equity Curve

E N D

### Presentation Transcript

1. Statistics and the Equity Curve An analysis of our trading methodology

2. Statistics is a mathematical sciencepertaining to the collection, analysis, interpretation or explanation, and presentation of data.

3. Statistics • Statistical methods can be used to summarize or describe a collection of data. • There are numerous methods of collecting stats. I will be looking at what methods work for me. • Gathering data for stats can be a chore but is well worth the effort. • Statistic refers to calculated from a set of data

4. How I gather my statistics • I use a notebook to write down all trades in the TF, NQ and GC • I use an excel spreadsheet to help me collect and analyze the data. Woodies CCI Stats Workbook is available in the forum. I setup a different workbook for each market. • Throughout the day I am entering the trades in the workbook.

5. Data needed for workbook • Time of entry • Pattern taken and direction of the trade • Entry price • MFE(maximum favorable excursion) or peak of trade • MAE(maximum adverse excursion) or drawdown of trade • Exits

6. Woodies CCI Stats Workbook • Allows one to track up to 30 trades per day • Calculates four different exit strategies • For or against trigger bar analysis • Ability to add two additional patterns to Woodie’s basic cci patterns • Moving average equity chart with real time switcher indicating whether to take the next trade live or sim • Monthly summary analyzing your trades for the different exit strategies • During active months the equity curve may get maxed out, I just start a new workbook