This all sounds very technical / complex maths.
How do you go about creating something like that? Does it require coding skills? Perhaps excel?
Thanks for sharing, hope the model is working well for you!

The probability element can be calculated in Excel, Peter has done a video on it before https://www.youtube.com/watch?v=Ihkv3kSWt-Y&t=798s
Yep....that's all above my head! lol Do you have an IT / maths background in order to do all that or is it something you have learned alongside trading?ODPaul82 wrote: ↑Thu Jul 17, 2025 6:13 pmThe probability element can be calculated in Excel, Peter has done a video on it before https://www.youtube.com/watch?v=Ihkv3kSWt-Y&t=798s
I do a modified version of that.
I had mine running in Excel with a fair amount of VBA to automate the entire calculation process and then had an MS Access DB running in a loop which was calling API from somewhere to get the current goals, elapsed time and red cards.
Have recently migrated it all to C# code with SQL Server backend.
Full-time job is finance systems engineer for a big insurer, specialism in actuarial processes.
Sounds like you're very well equipped with the skills for this. I'd like to have those skills but wouldn't know where to start. Very best of luck if that redundancy does come along. Good you have foresight of what is possible / likely to happen and skills/experience for a good side hustle which may become more than a hustle. Using your own advice of eggs in more than one basket!ODPaul82 wrote: ↑Fri Jul 18, 2025 1:28 amFull-time job is finance systems engineer for a big insurer, specialism in actuarial processes.
It goes hand in hand with trading which is forecasting & risk management, basically what is the probability of x/y/z happening out of a/b/c times.
Our company has just been brought out by another big insurer and I'll be redundant within 12-18 months which is longer than others as I built our reinsurance solution
I'll be going full time with the trading once the redundancy comes in.
https://www.reuters.com/sustainability/ ... 025-07-01/
My advice is don't put all your eggs in one basket as a sport, and multiple small margins add up to something bigger
Just checking, is this correct?