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Eric,
To bluntly answer your question, I have not found a better
measurement. I would go further though and say that I'm not convinced
that Trade Efficiency is a best measurement in the first place though.
Here's why I say that.
Trade Efficiency is a reflection of performance based on signals
derived on an indicator or group of indicators at a certain point in
time. So all it is really telling me is how well an indicator is
working.
If I use a timeframe that is very short I am likely to get whipsawed.
Yet if I don't I am more likely not to be responsive enough and will
show greater losses.
The trick is not to rely on one indicator or timeframe setting. Rather
use several.
Another point is to know your indicator and its performance
characteristics. Indicators are prone to be faulty at certain points.
Understanding this will help you select indicators which reflect well
on your trading methods and should provide better signals for you.
Then again after last week I'm not sure that anything would help!:-)
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "erc90" <erc90@xxx> wrote:
>
> Gentlemen,
> How many of you believe the Trade Efficiency results are an accurate
> reflection of entry and exit points? After many years of back
testing,
> I find those numbers less and less accommodating.
>
> Has anyone discovered a better measurement?
>
> Eric
>
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