Brian,
> i.e. W/L
> without ave%w/ave%L doesn't tell us as much about outcomes as it does
> when combined, let alone simulated.
I'm using a metric I once found on the Ablesys website that combines
both aspects. The Ablesys Index is calculated by multiplying Winning
Rate, W/L Ratio and Profit Factor.
//AbleSys=st.GetValue("ProfitFactor") *st.GetValue("WinnersAvgProfit") /
st.GetValue("LosersAvgLoss") * st.GetValue("WinnersQty") /
st.GetValue("LosersQty");
a=(st.GetValue("WinnersQty")/st.GetValue("LosersQty"));
b=st.GetValue("WinnersAvgProfit")/-st.GetValue("LosersAvgLoss");
C1=st.GetValue("ProfitFactor");
AbleSys=a*b*C1;
bo.AddCustomMetric( "AbleSys Index: <0.5: losing!, >1.2 tradable",
AbleSys );
Best regards,
Thomas
