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Gaeagjf
Posted : Thursday, December 30, 2004 1:47:19 PM
Registered User
Joined: 12/28/2004
Posts: 11
Hi folks:
I am looking for better metrics to help quantify the quality of my trading to pinpoint areas where I could improve. I already use excel to plot the cummulative gain in my account versus the SPY--no sense trading unless I can beat that. I also look at % drawdown and % run-up and fit to linear and exponential functions to quantify my rate of return. I look at R^2 to try to see how variable my returns are--and am always worse than the SPY in spite of tryign to diversify.
I already keep track of my trade statistics weekly and look at profit factor, % wins versus losses, and av win/ av loss ratios.
What I am really looking for are ways, using TC2000, to pick apart the trade in terms of quality of entry and exit points, average daily gain in trade, etc. The only way I can see to do this is to export the raw data into excel and manipulate it there, which woudl be very tedious. I guess what I would really like to do is be able to generate PCFs based on an entry and price unique to each stock. Does anyone know how to do that?
Thanks in advance for any advice.
Dame Rapid Screener
Doug_H
Posted : Thursday, December 30, 2004 2:26:38 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
Are you saying that you'd like a formula to generate a list of stocks that have hit a pre-determined unique entry or exit price?

- Doug
Teaching Online!
Gaeagjf
Posted : Thursday, December 30, 2004 6:16:43 PM
Registered User
Joined: 12/28/2004
Posts: 11
no. I am looking to write a PCF based on a lookback (the entry date) that will be different for each stock. Let's say I bought AAPL in late October and DELL in early November. I want to associate the actual entry date for the trade with each individual stock. In other words I don't want to have to go in and edit the lookback period in teh PCF each tiem I switch to a new chart.
Doug_H
Posted : Thursday, December 30, 2004 6:58:55 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
Now I understand. Unfortunately, this is not possible with TeleChart PCF language.

- Doug
Teaching Online!
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