Glossary · B

What is Base rate?

How often an outcome happens anyway, without any pattern or signal. A pattern is only informative if what follows it differs from the base rate after costs.

In context

Base rate — How often an outcome happens anyway, without any pattern or signal. A pattern is only informative if what follows it differs from the base rate after costs. [Ch 9]

From Reference: Glossary, Pre-Session Checklist, GC→XAUUSD Conversion and Contract Cheat Sheet

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