What is the best performance metric?
Author: piter99
Creation Date: 5/2/2013 4:24 PM
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piter99

#1
Hi,
What is the best performance metric to use if I backtest my strategy with some setup conditions?
Running this strategy in monitor I'm looking for separate stocks with best setup in order to enter/exit manually.
Thanks.
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Eugene

#2
That's the $64,000 question. And the way the question is formulated, it's certainly the "great successor" of this all-time favorite:

What is the best indicator of entry?

Please be specific with your definition of "best": there's no single one-size-fits-all because everything's relative.
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piter99

#3
If "Net Profit" used in portfolio backtesting, "Profit per bar" "is the best way to compare different strategies (strategies with sell and buy) that use the same position size settings", what performance measurement should I use in order to tune/backtest my strategy to get alert from monitor to buy low if my setup conditions matched?