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Trade Expectancy Calculator Free app for iPhone and iPad


4.4 ( 624 ratings )
Finance
Developer: Chris Werner
Free
Current version: 1.2, last update: 7 years ago
First release : 31 Mar 2015
App size: 7.11 Mb

Trading Expectancy, the edge for consistent profits and success.

Trade expectancy is probably the most important factor in trading/investing success. Expectancy is the average amount you can expect to win (or lose) with each trade. Expectancy is calculated with the following formula:

Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss)

Four filters with three modes are used to determine the best Buy-Sell signal:
1. Auto – Auto select Zero Lag MACD, RVI, Fisher or ADX filter
2. Filter Off – No filter will be selected
3. Turbo – Filter out unwanted holds and stops (proprietary algorithm)
4. Four indicators are used to determine the best gain and stop values. The two indicator modes are:
5. Auto (default) – The gain and stop limits are automatically determined for each transaction.
6. Fixed Gain/Stop – The gain and stop limits are manually set.

Features:
1. Two Buy-Sell Signals, Top and Filter
2. Quality of Trade – Based on Hold and Stop probabilities
3. Back-test to one-year
4. Trade Expectancy (dollars and percent)
5. Number of completed trades verses transaction
6. Displays filter and indicator that best work for this transaction
7. Trade Setup Statement – Specifies Number of shares, Symbol, Buy, Sell and Stop limit
8. Measures Resistance (Dollars and Percent)
9. Measures Support (Dollars and Percent)
10. Initial Risk of Transaction – Determines R-multiple (Dollars and Percent) –
11. Weeks-to-Sell – Time to sell the security
12. Predictability – Historical prediction accuracy
13.Return on Investment (Annualized ROI)
14. Discount/Premium Selector – Discount or premium stock purchase
15. Historical Buy probability
16. Historical Sell probability
17. Historical Hold probability
18. Historical Stop Loss probability