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Points only option is the best way to test futures.
In futures each point represents a fixed dollar amount. These dollar
amounts vary depending on the future.
For example the big S&P500 contract is worth $250/point while the emini S&P
is worth $50, and the emini NDX is worth $20.
When you get into the grains, livestock, and other commodities the variance
is even more.
So in testing a future the equity curve is most relevant in points as the
equity curve in dollars derived from the price has little meaning when
comparing one future to another in a given system
Tom
----- Original Message -----
From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Friday, March 26, 2004 12:59 PM
Subject: Re: [Metastockusers] Re: MS System Tester vs TradeSim
> Joe
>
> > As I mentioned before you don't have to use the compounding feature -
just select points only.
>
> The points only option is only of some use when the multiple issues under
test all fall within a
> reasonably close price range. As the price range gets greater the
relevance of the test results
> falls away. The range of stocks I test varies from 10c to $5, and points
only results are heavily
> weighted in favour of the $5 end of the range. Points moves are larger for
higher priced stocks but
> real trading profits/losses are more likely to be smaller.
>
> Roy
>
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
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