The General
Active member
There is a fundamental flaw with classical probability which no-one here seems to have realised. This is of course linked to the discussion on backtesting.
Suppose you have 3 systems, each of which (as measured by simple traditional probability) has a 33% success rate. Which one would you choose to trade ?
Suppose you have 3 systems, each of which (as measured by simple traditional probability) has a 33% success rate. Which one would you choose to trade ?