Can somebody explain to me why I need to apply USD/kr for my local currency? Why is the performance report using currency conversion at all?
And is it what 1 USD costs in my local currency or is 1 USD divided with my currency rate? 1USD costs at the moment DKK 4,840 - so what would be the right input number?
Please take a look at the attached screenshot, I've a question there
I seem to remember a trade analysis where both strategy profit and buy and hold gets compared graphically. I can't find it now, can somebody help me?
Strategy Performance Report Currency
Strategy Performance Report Currency
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PRECISELY!
Januson,
I feel for you. Such precisely is my two-year frustration -- and hence my shouting -- with MultiCharts and its inability or unwillingness to address and put right some very basic flaws which do not allow one to research and develop trading model(s) in the knowledge that results shown in the performance report are reliable.
A few examples; for instance MultiCharts:
does not provide the Sharpe Ratio, in my opinion the single most important measure of performance;
in my estimation does not calculate the drawdowns correctly, which is probably why it does not provide the Sharpe;
even in its version 4 is confusing $ and points;
leaves it to the user to experiment how to correctly factor in the transaction costs – Under Strategy Properties $25 go in as 0.25.
For a software which is openly inviting people to develop and back-test trading ideas this is very poor showing.
By the way one can compare strategy performance to buy and hold; under Back-Testing Strategy Performance Report select Strategy Analysis, then Equity Curve Detailed and then Buy & Hold Return – the comparison is not on a single chart though.
Khalid
I feel for you. Such precisely is my two-year frustration -- and hence my shouting -- with MultiCharts and its inability or unwillingness to address and put right some very basic flaws which do not allow one to research and develop trading model(s) in the knowledge that results shown in the performance report are reliable.
A few examples; for instance MultiCharts:
does not provide the Sharpe Ratio, in my opinion the single most important measure of performance;
in my estimation does not calculate the drawdowns correctly, which is probably why it does not provide the Sharpe;
even in its version 4 is confusing $ and points;
leaves it to the user to experiment how to correctly factor in the transaction costs – Under Strategy Properties $25 go in as 0.25.
For a software which is openly inviting people to develop and back-test trading ideas this is very poor showing.
By the way one can compare strategy performance to buy and hold; under Back-Testing Strategy Performance Report select Strategy Analysis, then Equity Curve Detailed and then Buy & Hold Return – the comparison is not on a single chart though.
Khalid
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
Re: PRECISELY!
Sharpe ratio is calculated, however it is not displayed properly (as well as some other ratios). This will be fixed shortly.
A few examples; for instance MultiCharts:
does not provide the Sharpe Ratio, in my opinion the single most important measure of performance;
Could you elaborate on the above please?in my estimation does not calculate the drawdowns correctly, which is probably why it does not provide the Sharpe;
even in its version 4 is confusing $ and points;
leaves it to the user to experiment how to correctly factor in the transaction costs – Under Strategy Properties $25 go in as 0.25.
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
Re: Strategy Performance Report Currency
How would you like to have it?Can somebody explain to me why I need to apply USD/kr for my local currency? Why is the performance report using currency conversion at all?
The value to be entered is the cost of USD in your currency.And is it what 1 USD costs in my local currency or is 1 USD divided with my currency rate? 1USD costs at the moment DKK 4,840 - so what would be the right input number?
We don't have that.I seem to remember a trade analysis where both strategy profit and buy and hold gets compared graphically. I can't find it now, can somebody help me?
Regards.