PureBytes Links
Trading Reference Links
|
This is a while back (see e-mail below), but ...
Equis wrote:
> If total net profits >= 0
> Profit/Loss index= Total net profits/amount of win trades + interest + open position value
>
> If total net profits < 0
> Profit/Loss index= -(Total net profits)/amount of losing trades + Open position value
Shouldn't that read instead:
If total net profits >= 0
Profit/Loss index= (Total net profits + interest+ open position value) / amount of win trades
If total net profits < 0 (note that I also dropped the minus-sign in front of "Total net profits")
Profit/Loss index= (Total net profits + Open position value) / amount of losing trades
And how does this gets into a range of -100 to +100? There must be some mathematical knowledge only
available to Equis <G>
Just curious,
Andreas
> -----Ursprüngliche Nachricht-----
> Von: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]Im Auftrag von Equis Support
> Gesendet am: Freitag, 29. Oktober 1999 16:47
> An: 'metastock@xxxxxxxxxxxxx'
> Betreff: RE: Profit/Loss Index Calculation
>
> Profit/Loss Index. This index compares the Amount of Winning Trades to the
> Amount of Losing Trades.
>
> The Profit/Loss Index combines Winning Trades and Losing Trades into one
> value that ranges from -100 (worst) to +100 (best).
>
> A negative index value indicates that the trading system produced a net
> loss. The higher the index value, the higher the Amount of Profitable
> Trades compared to the Amount of Losing Trades.
>
> Index Profit/Loss
> +100 High Profits/No Losses
> +50 Profits > Losses
> 0 Profits = Losses
> -50 Profits < Losses
> -100 No Profits/High Losses
>
> Here is the math:
>
> If total net profits >= 0
> Profit/Loss index= Total net profits/amount of win trades + interest+
> open position value
>
> If total net profits < 0
> Profit/Loss index= -(Total net profits)/amount of losing trades + Open
> position value
>
>
> Equis Support
> http://www.equis.com/
> http://www.equis.com/customer/support/
>
>
>
> -----Original Message-----
> From: Bruce K. Anderson [mailto:bruceka@xxxxxxxx]
> Sent: Thursday, October 28, 1999 2:36 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Profit/Loss Index Calculation
>
>
> Does any know the math for the Profit/Loss Index that is produced in the
> Detail Summary Report after testing a trading system? I can not determine
> the formula for the +100 to -100 range that is produced on the report.
>
|