| hott |
|
Member, TeleChart
|
| Registered User |
|
|
|
|
| Unsure |
|
| Thursday, October 14, 2004 |
| Thursday, August 9, 2007 11:30:47 AM |
44
[0.01% of all post / 0.01 posts per day] |
|
Bruce,
I'm not understand the formula. LET me give you a a real example. I ran a scan (10 yr) on the Nasdaq 100 and one of the better stocks was RIMM. The strategy symbol equity line appear to have a last value of 780,000,000+/-. Would you plug this number into the formula and then tell what the last value is after that and then tell me what is the correct name for it.
|
Craig,Kuf and Bruce
Thanks for hanging in there with my questions. Based on Craig and Kuf last responces I now believe than I have the answers that I needed. The starting number (100) and any wining trades do get compounded because the next trade uses 100% of the last value to calculate the next gain/loss %change.
If we use the final value (last) and divide it by the orignal 100 number, that should give us a number that is equal to the total % change for the test period and then divide that number by the time period of the test we would end up an average ann. % gain/loss value. Do you agree with the above statements? I assume that a blocks's block can be created to do this. My question is where would be the best place to show the value? On the chart or mabe even as a column?
|
|
Kur, Thanks for your reply. I understand that it can be used to compare strategies results, but the scale that show up as part of the plot ( I assume that it is in dollars) repersent the gain/loss at any point in time during the time period of the test and the last point on the equity line has a value that is equal to the total gain/loss for the tested time period. What I don't know/understand is how the trades are managed after the first $100 trade was made. are the gains compounded, Does each trade use 100% of the available funds or does it buy a fixed number of shares for each trade signal
|
Can womeone please refer back to my last responce. I really need an answer or a responce as to why it can't be done.
TIA, Hottrader
|
Craig, Thanks for the quick reply. I'm trying to evaluate (understand) the asumptions that control what the end value will be. The end value is what we ar looking for, but unless we know how the value was calculated we do not have a complete understanding of the end value. If possibale please provide the asumations that govern the calculation.
TIA, Hottrader
|
|
There must be a Blocks diagram (propities) that makes the equity line calculate and plots. What are the asumpitons that the equity line is calculated from? What is the starting amount of money, how much money or shares are used per trade, is the profit from trades used in the next (compounding you money), is trading cost considere
|
|
Craig, thanks for the reply. What I was asking was what are the default setting that control the calculations of the data for the equity line plot. Also I was asking that since the stratery scaner uses the open price of the signal day bar (for scan only)for generating the scan data that shows up in the summary reports, if I could change the open price to close price in the equity line data calculation. I understand that the equity line data would not be in sync with the scan data. I want to see the equity line results of a signal day bar close price
|
|
I'M just wondering if the orignal post is in the line for an answer and I would like to know if the STRATEGY SYMBOL EQUITY LINE BLOCK be altered so that it uses the last value (close of signal bar) to generate the equity line data instead of the open of signal bar? Can we add the last value of the equity line as a visable number with the plot?
|
|
Burce' I did not intend to imply that blocks could do this. I'm a tcnet user and thur the use of %true custom indicator you can tell which stocks will probabaly have half(t/f)spike (buy/sell) at the end of day update that will be completer on the next day open. I can find my signal bars that I want to trade in TCNET, just can't backtest them. I can allso find them in Blocks but can't test the close on signal day. The closet thing that is available to what I need is the scan only mode. I understand that it use the open on signal day to calculate the scan data. It's not what I want, but it's on signal day and I think it gives us a very good indication of what a close on signal day might produde for scan data
|
|
Burce' I did not intend to imply that blocks could do this. I'm a tcnet user and thur the use of %true custom indicator you can tell which stocks will probabaly have half(t/f)spike (buy/sell) at the end of day update that will be completer on the next day open. I can find my signal bars that I want to trade in TCNET, just can't backtest them. I can allso find them in Blocks but can't test the close on signal day. The closet thing that is available to what I need is the scan only mode. I understand that it use the open on signal day to calculate the scan data. It's not what I want, but it's on signal day and I think it gives us a very good indication of what a close on signal day might produde for scan data
|
|