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Add a column for draw down on each trade Discussion
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Membre depuis Aug 20, 2009 216 messages
Stephanus Rensburg (stephanusR)
Sep 17 2010 at 05:28
(édité à Sep 17 2010 at 05:28 )
Add a column for draw down on each trade, there are 11 columns at present. Each draw-down must be marked in pips or % of equity , whatever might be suitable.
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Membre depuis Jun 16, 2010 205 messages
Soeren (GridsForPips)
Sep 17 2010 at 06:50
(édité à Sep 17 2010 at 06:53 )
Marked in % of Equity please.
Cheers Soeren (We already know the DD in pips and deposit currency?) edit: Thought about it, what you want is a column that shows how much DD a History trade created before closing in profit? Always get cashback - http://www.cashbackforex.com/?aid=2091 |
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Membre depuis Aug 20, 2009 216 messages
Stephanus Rensburg (stephanusR)
Sep 17 2010 at 08:55
GridsForPips posted:
Thought about it, what you want is a column that shows how much DD a History trade created before closing in profit? yes, one could do also do it graphically , it quantifies the risk/reward ratio. As a general rule if you make 10pips profit your drawdown should be no more than 10pips for a 1:1 profit ratio. Each trade's pip:drawdown ratio is then weighted as a % of deposit or equity. Every single weighted trade is then combined and then averaged for a single parameter which we shall call Weighted pips gain : weighted draw down (pip-gain-factor). Thus a standard lot trade that employed 10% of equity for a gain of 10pips for a draw down of 10 pips will have a higher positive pip-gain-factor than a micro lot trade that generated 100 pips for a a draw down of 10 pips. One could take either the equity or initial deposit to generate this pip-gain-factor, we must discuss this further. |
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Membre depuis Aug 20, 2009 216 messages
Stephanus Rensburg (stephanusR)
Sep 17 2010 at 09:34
stephanusR posted: GridsForPips posted: Thought about it, what you want is a column that shows how much DD a History trade created before closing in profit? yes, one could do also do it graphically , it quantifies the risk/reward ratio. As a general rule if you make 10pips profit your drawdown should be no more than 10pips for a 1:1 profit ratio. Each trade's pip:drawdown ratio is then weighted as a % of deposit or equity. Every single weighted trade is then combined and then averaged for a single parameter which we shall call Weighted pips gain : weighted draw down (pip-gain-factor). Thus a standard lot trade that employed 10% of equity for a gain of 10pips for a draw down of 10 pips will have a higher positive pip-gain-factor than a micro lot trade that generated 100 pips for a a draw down of 10 pips. One could take either the equity or initial deposit to generate this pip-gain-factor, we must discuss this further. Thus one doesn't have to manually read through pages of trades to find a winning system, the (pip-gain-factor) allows a single number to quantify whether random luck or true trading skill was demonstrated, and it can easily be implemented in a spread sheet or script. |
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Membre depuis Jun 16, 2010 205 messages
Soeren (GridsForPips)
Sep 17 2010 at 11:31
(édité à Sep 17 2010 at 11:31 )
But, again this makes gridbased systems look bad, because of the nature of gridsystems.
Mine is about historical highs and lows, Moving Averages and dynamic centerline trading very small lots, which can generate huge DD against profitpips, although the strategy is profitable in the log run...(I hope) Cheers Soeren Always get cashback - http://www.cashbackforex.com/?aid=2091 |
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Membre depuis Aug 20, 2009 216 messages
Stephanus Rensburg (stephanusR)
Sep 17 2010 at 11:39
GridsForPips posted: But, again this makes gridbased systems look bad, because of the nature of gridsystems. Mine is about historical highs and lows, Moving Averages and dynamic centerline trading very small lots, which can generate huge DD against profitpips, although the strategy is profitable in the log run...(I hope) Cheers Soeren It doesn't make your system look 'bad', it just accurately quantifies the fact that your system involves large equity draw-downs and states this as a factor. The system might be profitable but then such profits must be large to compensate for the draw down which the pip-gain-factor will do. If your draw-down is 200 pips and your profit is 200 pips, then your weighted pips gain: weighted draw down factor would still be the same as 10 pip gain : 10 pip drawdown. Making 10 pips on 200 draw down would be unacceptable risk. In some cases 200:200 might not be acceptable, one should somehow factor for this. |
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Membre depuis Aug 20, 2009 216 messages
Stephanus Rensburg (stephanusR)
Sep 18 2010 at 11:27
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Membre depuis Mar 10, 2010 68 messages
Chris (Krysztau)
Sep 18 2010 at 16:12
I think this is a great suggestion, but demanding huge calculation space...
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Membre depuis Oct 23, 2009 28 messages
AM (amowatt)
Sep 19 2010 at 04:59
Basic % increase / decrease per per closed trade I feel would be the best ..........
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