Hello,

Thank you for this article and for describing the modified version which is more applicable for position sizing use in the financial markets. One question I have is whether this formula could also be used in the context of dynamically setting when to exit a position in order to minimize losses and maximize gains. I have pretty static stop loss and profit take percentages set up for all my positions now and am wondering if this formula could be modified a bit to use this same probability calculation to generate a profits/loss percentage to determine when to exit a position. Has this type of application been done before? Thanks.