Automatic SL/TP calculation based on probability

Whatcha think?

  • Love it!!

    Votes: 1 100.0%
  • It's OK.

    Votes: 0 0.0%
  • Needs improvement..

    Votes: 0 0.0%
  • SUCKS!!

    Votes: 0 0.0%

  • Total voters
    1
  • Poll closed .

spiderbyte87

Member
70 1
Attached is an association matrix I made in excel that you can use to automatically calculate your SL/TP. Once you have your categories and weights assigned, you simply select the cells you want to show correlation, then hit the SELECT button. This will color the cells red. You then hit the RECALCULATE button and your SL/TP will be calculated. Hit the RESET button to start over.

Obviously this won't calculate trailing stops or anything fancy, it's just a starting point.

Enjoy!

P.S. This wont work in openoffice.org for all you cheapskates out there :D, and make sure you enable macros otherwise this wont work.
 

Attachments

  • TRADE MATRIX.xlsm
    30.5 KB · Views: 323
Last edited:
 
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