how about duration
as slowness in the market, we are more likely to make bad decision and hesitation of our open transaction
e.g. analysed already open transactions -- so we could do some early closing or some of them could be better to hold much longer
if you can do some simple formula in excel and excel macro
that could be good too, as people can copy those delimit format (but beside MQ4, there is certain format like fxcm got right click, and copy all the trans, so people could transfer it to excel)
give us screen shot on how it is analyzed, it could encourage people to download it
I've found something that take screenshot as GIF
maybe we could make some GIFalertSHOT
when alert sound once, take a GIF pic and put it into a folder automatically
is this available to add as a plugin in metatrader?
2 different tools
I think there is two different work to do :
- analyse past trades, making a screenshot and decide if it was/or not a good decision
- create a easy tools to define (for an entering strategie) :
- Mean time of most profitable trades
- Quality as defined in first post
- Typical win (in pips)
But i don't know if i need to search for a better quality (100% is the graal) or to find a good quality (70% or +) searching for better pips.
Does somebody developpe or use similar tools ?
Thank,
Multivrac
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Hello everybody,
I have done my first version of quality analysis tools to develop a trading system.
But i need some comments for you.
The aim is to calculate for each trade signal (day by day):
- Max DrawDown in pips
- Max Win in pips
- Quality = Max Win / (Max Win + Max DrawDown)
=> 1=100% mean perfect signal, 50% mean equal to random, < 50% mean more drawdown than win.
Please give me a feedback or suggestion or methode you use yourself.
Thanks in advance.
Multivrac