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Basing on the trades placed in the chart the performance report can be calculated to comprehensively analyze the strategy performance measures as well as trades list and statistics. There over 100 performance indices are available for analysis including about 30 charts.
<div style="background-color: #F8D3CD;">Attention: The new trades occurred are not being included in the performance report in realtime. To include the new trades occurred the performance report should be re-opened again.</div>
<div style="background-color: #F8D3CD;">Attention: In case signals were added or deleted the performance report should be re-opened again.</div>
<div style="background-color: #E3FBE5;">Note: Only one performance report can be opened at a time.</div>
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== Accessing Performance Report ==
To access a Strategy Performance Report:
# Apply a [[<span style="color: red;">'''LINK'''</span> /0280_Backtesting/22-8002_Signals.html name=""; |strategy]] to a chart.
# In the menu select '''View''' then click '''Strategy Performance Report'''.
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== Viewing Performance Report ==
In MultiCharts the Performance Report features a tri-panel design.
Left panel is a navigation structure while the upper right one displays performance data.
<div style="background-color: #E5F6FF;">Tip: Upon left-clicking on any performance index its description will appear in the lower right panel.</div>
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=== Viewing Performance Indices ===
To view performance indices:
# In the left panel select a performance indices section http://www.multicharts.com/img/wiki/toolbar/BTReport/14_Icon_Table.gif" WIDTH="16" HEIGHT="16" HSPACE="2"ALIGN="bottom"> to review.
# In the right side move cursor on a performance index required. The cursor will change into '''Description''' http://www.multicharts.com/img/wiki/toolbar/BTReport/12_Cursor.gif" WIDTH="21" HEIGHT="19" HSPACE="2"ALIGN="bottom"> cursor then left-click.
# In the lower right panel a text description will appear. Click '''Close''' http://www.multicharts.com/img/wiki/toolbar/BTReport/13_Close.gif" WIDTH="15" HEIGHT="15" HSPACE="2"ALIGN="bottom"> button to close the description panel.
# Use '''Back''' http://www.multicharts.com/img/wiki/toolbar/27_Left.png and '''Forward''' http://www.multicharts.com/img/wiki/toolbar/28_Right.png toolbar buttons to move between the Performance Report sections.
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=== Viewing Performance Charts ===
To view performance charts:
# In the left panel select a performance chart http://www.multicharts.com/img/wiki/toolbar/BTReport/15_Icon_Chart.gif" WIDTH="16" HEIGHT="16" HSPACE="2"ALIGN="bottom"> to review.
# Click '''Zoom In''' http://www.multicharts.com/img/wiki/toolbar/31_Zoom_In.png or '''Zoom Out''' http://www.multicharts.com/img/wiki/toolbar/32_Zoom_Out.png toolbar buttons for zooming charts in an out respectively. Click '''Reset Zooming''' http://www.multicharts.com/img/wiki/toolbar/33_Reset_Scales.png to reset a zoomed chart.
# Use '''Pan''' http://www.multicharts.com/img/wiki/toolbar/BTReport/08_Hand.png or '''Cross''' http://www.multicharts.com/img/wiki/toolbar/17_Show_Cross.png cursor modes for moving charts or precise reviewing chart values respectively.
# Use '''Back''' http://www.multicharts.com/img/wiki/toolbar/27_Left.png and '''Forward''' http://www.multicharts.com/img/wiki/toolbar/28_Right.png toolbar buttons to move between the Performance Report sections.
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== Understanding Report-Chart Synchronization ==
MultiCharts allows the user to visually match the trades from a Strategy Performance Report with their signals on the chart.
For strategies that have hundreds of trades over a long data series, it may be cumbersome to manually match a trade in the Strategy Performance Report to the chart.
The user would have to use the scroll button to find the trade in the data series.
Report-Chart Synchronization simplifies this process. Trades on the chart are automatically highlighted when the user hovers his mouse over a trade in the Strategy Performance Report.
To learn more about this feature, see [[<span style="color: red;">'''LINK'''</span> /0280_Backtesting/22-8004_BTReport.html name="4=41"; |Setting Display Properties]]
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== Setting Performance Report Properties ==
It is possible in MultiCharts to set financial and display settings for the Performance Report.
Financial settings allow to better analyze the strategy performance with different costs, statistic and risk level settings.
Display settings allow to configure visual setting for the report.
It is possible to display the report figures in dollars or in a regional currency, set number of decimals to use and smoothing for charts.
It is also posiible to display trades with partial exits basing on entries or on exits.
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=== Setting Financial Properties ===
To set financial properties:
# In the Strategy Performance Report window click '''Settings''' http://www.multicharts.com/img/wiki/toolbar/10_Format_Window.png" WIDTH="23" HEIGHT="20" HSPACE="2" ALIGN="bottom"> toolbar button.
# Select the '''Financial''' tab.
# Set appropriate properties or click '''Default''' to set back to the default settings.<br>'''More Information:'''
<br><br>'''Point value''' – review [[<span style="color: red;">'''LINK'''</span> /101-01_SettingIndProp.html name=""; |Big Point Value]] definition.
<br>'''Initial capital''' - Initial capital to start strategy performance calculations with.
<br>'''Commission''' - the amount supposed to be paid to broker for trades execution. The commission can be set on "per contract" or on "per trade" basis.
<br>With '''Per Contract''' option, the '''Commission''' value is multiplied for the each trade by the double number of contracts in the trade (i.e. for Entry and Exit).
<br>With '''Per Trade''' option, the '''Commission''' value value is multiplied for each trade by the 2 (i.e. for Entry and Exit).
<br>The default '''Commission''' value is zero.
<br>'''Slippage''' - the amount reserved for differencies between the expected and actual order execution price. The commission can be set on "per contract" or on "per trade" basis.
<br>With '''Per Contract''' option, the '''Slippage''' value is multiplied for the each trade by the double number of contracts in the trade (i.e. for Entry and Exit).
<br>With '''Per Trade''' option, the '''Slippage''' value is multiplied for each trade by the 2 (i.e. for Entry and Exit).
<br>The default '''Slippage''' value is zero.
<br>'''Margin per contract''' - the amount to be borrowed when trading on a margin account. This number is used in some report indices calculation.
<br>'''Interest rate''' - the rate used in some report indices calculation. Usually the Treasury Bill rate is used.
<br>'''No. of standard deviations''' – the number of standard deviations is used in some report indices calculation. The default is 1.
<br>'''Minimal acceptable rate of return''' – reference point for Sortino Ratio (See "Performance Ratios" section in the Performance report)
<br>'''Degree of risk aversion of the investor''' - reference point for Fouse Ratio (See "Performance Ratios" section in the Performance report)
# Click '''OK'''.<br>
<br>
=== Setting Display Properties ===
To set display properties:
# In the Strategy Performance Report window, click the '''Settings''' http://www.multicharts.com/img/wiki/toolbar/10_Format_Window.png" WIDTH="23" HEIGHT="20" HSPACE="2" ALIGN="bottom"> toolbar button.
# Select the '''Display''' tab.
# Select '''USD''' to display the report in U.S. dollars or select '''Regional Currency''' to display the report in another currency. If '''Regional Currency''' is selected, enter the exchange rate in the '''USD/$ rate''' textbox.
# Set '''No. of digits after decimal''' to the required precision level.
# In the '''Performance & Quality''' section, select the appropriate smoothing.
# Select the '''Enable Strategy Performance Report – Chart Synchronization''' check box to visually match the trades in the performance report to the signals in the chart.<br><br>Two additional options become available if this checkbox is selected:
#* Select the '''Entry-based''' radio button to match the trade in the performance report to its entry signal in the chart.
#* Select the '''Exit-based''' radio button to match the trade in the performance report to its exit signal in the chart.<br>
<div style="background-color: #E5F6FF;">To use this feature, in the Strategy Performance Report:<br>
## Expand '''Trade Analysis''' in the tree view pane.
## Select '''List of Trades'''.
## Hover the mouse pointer over any trade on the list. The trade on the list will be matched with the signal for this trade in the chart. The signal on the chart will be highlighted.</div>
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# Select '''Recalculate the Report on each new order''' checkbox to update the Strategy Performance Report in real-time with each new trade. If a new trade is made while the Strategy Performance Report is open, the Strategy Performance Report will be updated immediately with the new trade.<br>If this checkbox is unchecked, then the Strategy Performance Report will be updated with the new trade only after closing and reopening the Strategy Performance Report.
# Click '''OK'''.
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== Saving Performance Report ==
To save the Performance Report:
# In the Strategy Performance Report window click '''Save''' http://www.multicharts.com/img/wiki/toolbar/03_Save_Workspace.png toolbar button.
# In the '''Save As''' dialog window appeared navigate to the required file location.
# In the '''File Name''' field type in the file name.<br><div style="background-color: #E3FBE5;">Note: The file name with symbol name included in it is supplied automatically.</div>
# In the '''Type''' field select the file type. There are 2 types available: *.XLS (MS Excel) and *.XML (XML RINA).
# Click '''Save'''.
<div style="background-color: #F8D3CD;">Attention: To save data in an .XLS format a full version of Microsoft Excel must be installed on the computer. Once saved the .XLS file may be read by any Excel compatible application.</div>
<div style="background-color: #E3FBE5;">Note: In the *.XLS file the entire report will be saved (including charts).</div>
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== Printing Performance Report ==
It is possible in the Performance Report to print a selected section or chart.
To print a selected section or chart:
# In the left panel of the Strategy Performance Report select a section or a chart to be printed.
# Click '''Print''' http://www.multicharts.com/img/wiki/toolbar/BTReport/03_Print.png toolbar button.
# The standard print dialog will appear.
# Click '''OK'''.
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or
# In the left panel of the '''Strategy Performance Report''' select a section or a chart to be printed.
# Click '''Print Preview''' http://www.multicharts.com/img/wiki/toolbar/BTReport/02_PPreview.png toolbar button. The '''Print Preview''' dialog will appear.
# Use '''Magnify Mode''' http://www.multicharts.com/img/wiki/toolbar/BTReport/02_PPreview.png or '''Whole Page''' http://www.multicharts.com/img/wiki/toolbar/BTReport/08_Hand.png toolbar buttons to preview the page.
# Click '''Print''' http://www.multicharts.com/img/wiki/toolbar/BTReport/03_Print.png toolbar button to access the print dialog.
# Click '''Close''' button to close the window.<br>
[[Category:Backtesting]]
