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Is profit factor (gross profit / gross loss) the best measure to compare
systems ?
I have tested several systems and often the number of trades differs
dramatically with different parameter sets.
This can have a huge affect of the net profit of different combinations,
and seems to make straight profit meaningless as a comparison measure.
I notice that some journals do not even list profit factor as part of their
results.
Is this something wrong with profit factor ?
All comments appreciated.
(I use tradestation)
Thanks
Peter
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