The Sharpe ratio is interpreted as follows:Sharpe Ratio < 0 Poor. The strategy is generally unprofitable.Sharpe Ratio < 1.0 Undefined. The risks are not justified. The use of such strategies can only be considered when there are no alternatives.Sharpe Ratio ≥ 1.0 Good. If the Sharpe Ratio is higher than one, it means that the risks are justified by the portfolio/strategy performance.Sharpe Ratio ≥ 3.0 Excellent. A high ratio indicates lower probability of losses in…
Read MoreAuthor: Ugur
Results of 2023 Trading–All of 2023
Let’s first look at the results of different investment tools in 2023 I have selected commodities, crypto currencies and some interesting stocks for comparison. The table below represents the summary of all trades of 2023. All values are either ratios or In Euro currency. https://ugurcandan.com/wp-content/uploads/2024/01/DetailedStatement2023.xlsx All transactions listed.
Read MoreTest for Telegram Forex Signals Part II
Test dates: 01-06-2023 to 01-12-2023 Telegram Channel Name: XAUUSD (Gold) Master Subscriber 1,700 users Total Trades: 460 Short Trades (won %): 249 (32.13%) Long Trades (won %): 211 (36.02%) Total Deals: 920 Profit Trades (% of total): 156 (33.91%) Loss Trades (% of total): 304 (66.09%) Largest profit trade: 218.72 Largest loss trade:-72.85 Average profit trade: 6.70 Average loss trade: -5.63 Maximum : 11 (18.59) Maximum consecutive losses ($): 20 (-111.70) Maximal : 442.55 (7)…
Read MoreLabs in CLOUDS. Robots Do the Research to Accelerate Innovation
Cloud labs are like a streaming service, but for lab equipment instead of media content. Brian Frezza and D.J. Kleinbaum founded Emerald Therapeutics in 2010 to develop antiviral drugs. But they had to spend so much time troubleshooting the machines in their lab that they ended up generating tons of code to run their experiments automatically. Not only did efficiency ramp up, but reproducibility did as well. They realized that other labs could benefit…
Read MoreFooled by Randomness by Nassim Nicholas Taleb – Evidence of change in Risk Management
From: Fooled by Randomness by Nassim Nicholas Taleb The book is quoted by Fortune as “ One of the smartest books of all time”. Probably an over statement by still a very interesting read because you can both have an understanding of science, culture and psychology on trading. I would agree and disagree on some of his comments. All Fundamental comments I would agree but for the new era of AI and real time risk…
Read MoreSome new videos to Understand What is happening around us?
I have created two videos in the last few months… First one is created to give you a feeling of Worlds money markets. Second one is about a new perspective on Industry 4.0. I hope you can enjoy them…
Read MoreWhat does “The Tortoise Trainer” and “Business Transformation” have in common?
Rule #1 – There would always be a question mark on if it would be successful or not? Once you google “The Tortoise Trainer” you will get the most expensive piece of art in Turkish Painting – Painted by Osman Hamdi. The Tortoise Trainer is a painting by Osman Hamdi Bey, with a first version created in 1906 and a second in 1907. Hamdi’s painting of an anachronistic historical character attempting to train tortoises is…
Read MoreShould you keep the first Envelope or change? Choice between “Two Envelopes Paradox”
You are offered a choice between two envelopes E1 and E2. All that you know about them is that one contains twice as much money as the other. After you have chosen one of the envelopes, you are offered the opportunity to switch the envelope that you have chosen for the other envelope. Should you keep the first Envelope or change? Here is a tempting line of reasoning that suggests that you should make this…
Read MoreBest Examples for Signal Trading
https://ugurcandan.com/mql5-signal-tracking-key-stats-per-month/ Link is the key stats of for the 196 signals that I am following. As of 28/May/2023: out of 195 tracked signals 77 discontinued. 32 in monthly loss with average -16%, 86 of them in monthly win with average +8%. 23 of them (best of the best) have a monthly gain of +20% in average. Ok one might have 20% monthly gain but is this a sustainable model? how does the growth look like…
Read MoreReference Architecture of SAP BTP CAP application using GPT Models
As we might recall from former presentations the latest simple view of SAP Apps can be viewed as below What ever we do it is designed to run on BTP (Business Technology Platform). Now that we have the Generative AI wind blowing the question is to find out what is next. With the Generative AI and Deep Learning converging and creating new fronters and new Evolution comes into play. Non-technical users can solve their business…
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