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Profit/Loss Index. This index compares the Amount of Winning Trades to the
Amount of Losing Trades.
The Profit/Loss Index combines Winning Trades and Losing Trades into one
value that ranges from -100 (worst) to +100 (best).
A negative index value indicates that the trading system produced a net
loss. The higher the index value, the higher the Amount of Profitable
Trades compared to the Amount of Losing Trades.
Index Profit/Loss
+100 High Profits/No Losses
+50 Profits > Losses
0 Profits = Losses
-50 Profits < Losses
-100 No Profits/High Losses
Here is the math:
If total net profits >= 0
Profit/Loss index= Total net profits/amount of win trades + interest+
open position value
If total net profits < 0
Profit/Loss index= -(Total net profits)/amount of losing trades + Open
position value
Equis Support
http://www.equis.com/
http://www.equis.com/customer/support/
-----Original Message-----
From: Bruce K. Anderson [mailto:bruceka@xxxxxxxx]
Sent: Thursday, October 28, 1999 2:36 PM
To: metastock@xxxxxxxxxxxxx
Subject: Profit/Loss Index Calculation
Does any know the math for the Profit/Loss Index that is produced in the
Detail Summary Report after testing a trading system? I can not determine
the formula for the +100 to -100 range that is produced on the report.
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