131: Morgan Slade – Strategy Development, Powered by Machine Learning
Chat With Traders
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The Signal Step
The first step is to identify what you would do in a perfect world. You want things that have what's called a positive skewness, things that have bigger winners than losers typically. Melbourne Richfield had surprisingly profitable strategies that had win rates in the 25 to 35% range because their odds ratio for their trades or average profit could be five times larger than their average loss.
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