Not looking for investors or trying to sell an expert :) just interested in opinions - page 11

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Mathemat:
I look at any large enough drawdown as a real moose. That's my point of view, I'm not imposing it on anyone. But it very quickly removes the rose-coloured glasses through which a "strategy" like "ftop" looks great.

1) please state in numbers or ranges which drawdowns you think are good, bad, ideal, terrible, etc.

2) what test can you use to check an expert for moose? and accordingly give him a score for moose or antelope :)

3) I would like to ask you to post the chart and the report of the right Expert Advisor.

[[Deleted]]

So? Who will draw reasoned and final conclusions on my first expert?

I just want to learn at least a lesson. I mean, what's right and what's wrong, what's worth working on?

[Sceptic Philozoff]

Corwin_Volot писал (а): 1) please specify in numbers or ranges which drawdowns are good in your opinion bad perfect terrible etc.

2) what test can you use to check an expert for moose? and accordingly give him a score for moose or antelope :)

3) you could post the diagram and the report of the right expert

1. For example, no more than 15-20% is a reasonable drawdown. Imagine yourself in the shoes of an investor who sees a 38% drawdown on a 100k deposit. How does he feel?

2. Read smart books on how to test properly - e.g. Pardo, http://ihtik.lib.ru/economy_21dec2006/economy_21dec2006_495.rar. In the form in which the test results are often posted here, you can definitely only draw negative conclusions about the strategy and no positive ones.

3. this is where I have a hard time. Well, a more or less correct one is, for example, Better's(see Championship-2007). He may even have a not so steep curve of equity growth. But pay attention to his drawdowns. Even though he is not on his best streak, he still behaves decently with the same amount of open trades and is slowly climbing upwards.

[[Deleted]]

i've started a new expert here is the initial trial

or is that bad too :( what to do with these drawdowns...

Symbol		EURUSD (Euro vs US Dollar)
Period		4 Hour (H4) 1999.01.26 20:00 - 2006.12.29 20:00 (1999.01.01 - 2007.01.01)
Model		All ticks (most accurate method based on all smallest available timeframes)
Bars in history	12890	Modelled ticks	14348086	Modeling quality	89.30%
Initial deposit	5000.00
Net profit	161559.00	Total profit	161559.00	Total loss	0.00
Profitability		Expected payoff	7343.59
Absolute drawdown	2247.20	Maximum drawdown	43276.20 (32.94%)	Relative drawdown	74.47% (8920.00)

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Total transactions	22	Short positions (% of winners)	0 (0.00%)	Long positions (% win)	22 (100.00%)
		Profitable trades (% of all)	22 (100.00%)	Loss trades (% of all)	0 (0.00%)
Largest		profitable trade	12000.00	losing deal	0.00
Average		profitable deal	7343.59	losing trade	0.00
Maximum number		continuous wins (profit)	22 (161559.00)	Continuous losses (loss)	0 (0.00)
Maximum		Continuous profits (number of wins)	161559.00 (22)	Continuous loss (number of losses)	0.00 (0)
Average		continuous winnings	22	Continuous loss	0

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[Александр]

Corwin_Volot:

i've started a new expert here is the initial trial

or is that bad too :( what to do with these drawdowns...

Set a "normal" StopLoss - and instead of "sitting through" drawdowns, you will have loss-making trades. And then think what to do with it.

[[Deleted]]

sashken:

Corwin_Volot:

i've started a new expert here is the initial trial

Or that too bad :( what to do with these drawdowns...

Set a "normal" StopLoss - and instead of "sitting through" drawdowns you'll have loss-making trades. And then think what to do about it.

That is, create a problem for yourself and then heroically solve it :)

But thanks for the tip i will try it.

[Sceptic Philozoff]

Corvin, if you think that large drawdowns are not a problem for you, then go ahead and trade. You asked the question for a reason, but to ask for advice?

P.S. Heroism is just sitting it out, not accepting losses.

[Alexander Sevastyanov]

Corwin_Volot:

I mean, create a problem myself and then heroically solve it :)

But thanks for the advice, I'll give it a try.

And 22 deals is nothing for statistics. It's an adjustment and self-deception. And you have to test it with a constant lot. It is only later on the real (if it comes to it) that you can switch on the MM.