Tools
For a more interactive learning experience, try the Telegram bot!
https://t.me/Risk_test_bot
Below is a tool to test your ability to calculate Kelly criterion.
1) Click Generate Random Numbers.
2) Answer based on generated numbers.
3) Check and see if you are correct!
Kelly Criterion Tester
Below is a tool to calculate value of deviation.
1) Input risk size 2) Input reward ratio, click calculate.
With the output value you can calculate your capital difference when your trade deviates from your expected result.
Deviation Value Calculator
Initial Capital: 1000
Deviation Value:
Below is a tool to analyze your actual win probability against your expected probability using normal distribution.
Note that the grey dotted lines represents 3 standard deviation of 68-95-99.7
Meaning 99.7% of the result should fall within the widest(orange) range, 95% will fall within blue range, and 68% of the results will fall within the most narrow(green) range.