Determine Probability of Profit for a trade through machine learning models, and allocate capital and manage risks accordingly. These are part of “quantamental strategies“: applying machine learning to help discretionary or fundamental investment managers quantify and systematize their ideas, factors, and knowledge, done without the necessity of disclosing the fundamental strategy to the consultant.
See Dr. Chan’s Quant World Canada talk, Toronto, November, 2018.
Predicting the Probability of Profit is exactly what PredictNow.ai SaaS does!
* Meta-labeling is a term coined by Dr. López de Prado in his book “Advances in Financial Machine Learning”.