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Calculate to reflect true % return Discussion
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Member Since Feb 06, 2010 24 posts
ProtecEA
Jun 14 2010 at 13:43
Why is trading performance calculated on a 7 day week and not on the days which are actually traded?
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Member Since Sep 04, 2009 786 posts
pc8multifx (pc8multifx)
Jun 15 2010 at 09:43
True. ROI should be based on the trading days of the month, not on the calendar days of the month.
Minds are like parachutes... they work best when open! |
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Member Since Oct 22, 2009 84 posts
MIDASUser
Jun 15 2010 at 09:58
Being sure it picks up the actual trading days of the account as opposed to just dividing it by 20 days a month.
When everything else out there is just not good enough, design your own! MIDAS |
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Member Since Sep 04, 2009 786 posts
pc8multifx (pc8multifx)
Jun 15 2010 at 10:14
excluding the Saturdays and Sundays of the month should do the job
Minds are like parachutes... they work best when open! |
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Member Since Oct 28, 2009 1036 posts
Steve Boardman (stevetrade)
Jun 15 2010 at 10:25
(edited Jun 15 2010 at 10:26 )
My guess is it's tricky as different people use different brokers with different GMT offsets.
My Monday trade could very well be your Sunday night trade etc. Personally think that doing some sort of scaling based on the hours might work better though. 11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Sep 04, 2009 786 posts
pc8multifx (pc8multifx)
Jun 15 2010 at 10:28
thats true Steve, but in the end we all trade only on 5 days of the week, not 7
Minds are like parachutes... they work best when open! |
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Member Since Oct 28, 2009 1036 posts
Steve Boardman (stevetrade)
Jun 15 2010 at 10:36
Ah okay, I see what you're saying. I was overcomplicating my thinking. You're just on about the daily and monthly return rates in the system header which it seems simply multiply the daily rate by 30.
Personally I would assume a total of 21 days per month. 11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Sep 04, 2009 786 posts
pc8multifx (pc8multifx)
Jun 15 2010 at 10:53
by excluding the Saturdays and Sunday's of the month you get a more accurate result. i.e. June has 30 calendar days minus 8 Saturdays and Sundays = 22 trading days
Minds are like parachutes... they work best when open! |
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Member Since Oct 22, 2009 84 posts
MIDASUser
Jun 15 2010 at 11:20
We are running successful strategy tests where the bot only trades 4 days a week to achieve the same results as if running 5 days, it should only judge you on what it actually does in my opinion.
When everything else out there is just not good enough, design your own! MIDAS |
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Member Since Oct 28, 2009 1036 posts
Steve Boardman (stevetrade)
Jun 15 2010 at 11:40
MIDASUser posted: We are running successful strategy tests where the bot only trades 4 days a week to achieve the same results as if running 5 days, it should only judge you on what it actually does in my opinion. No, it should judge you on how much your system can return in cold, hard cash in a month. That's all people care about. What if I have an EA that only raises a trade once a month but it's 100% successful? Are you saying that it should multiply my one trade by the number of days ( whether that is 30, 21 or 22 ) to tell me what it could make me in a month? If you choose not to trade Friday that's your prerogative and your figures should reflect that lost opportunity. 11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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