What Metrics Should You Optimize For?
In this week's episode of Line Your Own Pockets, we discuss which metrics to use to evaluate trading strategies.
There's no shortage of these - just look at the default report in an Amibroker backtest - there are dozens!
Topics covered:
- Why it makes no sense to optimize on just one metric
- If you had to choose one "metric," make it the equity curve.
- There is no perfect set of metrics, just like there's no perfect trading strategy
- Which metric gets our vote as the most overrated (hint: it's not win rate)
- Optimize for an easier trading life rather than maximum return
And much more...
There's something for everyone in this one.
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
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