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DD (shown in the "Algorithms" table): |
This is the Drawdown or largest pullback in your investment measured in % during this particular trading period. This is calculated by subtracting the lowest value from its peak Net P/L. The lower the DD the less the volatility - ideally you want this number to be low. |
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# of Trades (shown in the "Algorithms" table): |
This is the # of trades in the particular Test Period you've chosen. Some traders will prefer to trade algorithms that have a larger "track record" of trades in a given Test Period. This is helpful if you are trying to identify a successful trading trend (which is harder to do with only one or two trades). This is a personal decision and each trader will have their own preference. |
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Long P/L (shown in the "Algorithms" table): |
This is the Net Profit (or Loss) in net $ for the Long trades in the Test Period. This figure gives you an indication of how successful TradersFreedom is when trading a "Long" signal for the selected algorithm. If the selected algorithm is losing money in long trades, you might reconsider trading a "Long" signal. |
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Short P/L (shown in the "Algorithms" table): |
This is the Net Profit (or Loss) in net $ for the Short trades in the Test Period. This figure gives you an indication of how successful TradersFreedom is when trading a "Short" signal for the selected algorithm. If the selected algorithm is losing money in short trades, you might reconsider trading a "Short" signal. |
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Buy & Hold (shown in the "Summary" table): |
This is how much money you would have made (or lost) if you had bought and held the stock during the same Test Period, rather than trading it Long, Short or Out along with the signals. This is a good point of comparison. |