|
PureBytes Links
Trading Reference Links
|
What is MSBT?
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Herman van den Bergen" <psytek@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, June 24, 2001 6:59 PM
Subject: Evaluating MS Trading Systems
> Hi,
>
> One of the most difficult problems I face is to evaluate systems during
> development. If we had a proper way to evaluate systems during development
> we could save lots of time...
>
> I use the MSBT add-in to test my systems on multiple securities (50-3000)
> and at the same time I use it as a stock screen. It is a great way to find
> stocks that work with your system.
>
> In Excel I average each of the 50 MSBT columns from the MSBT report and
> display the averages in relevant groupings on a single page. I get a nice
> overview but I still haven't figured out a mathematical way to massage the
> many averages into meaningful performance measurements.
>
> Has anybody worked out a system to do this?
>
> How does one interpret the average P/L ratio (or any other common ratio)
> for a 3000-security system test?
>
> One useful test is to calculate the number of improved returns (compared
to
> B/H), kinda neat to see that 60% or so improved. One can also set a
> threshold and see how many stocks improved more than a certain percentage.
>
> If you are using the MSBT I'd like to hear how you use it.
>
> Happy trading,
> Herman.
>
>
|