Disliked{quote} A better version of HRT formula: Gain / (Drawdown X Standard Deviation) My two cents even though I will be punished for DD but that is how reality works PS: Source of this suggested formula is https://www.forexbrokerz.com/news/au...ystems-ranking. You may checkout the detailed explanation of the formula at the pasted link.Ignored
The problem is that there are so many formula's that could be applied using any number of parameters.
Although it is in my nature to punish drawdown in the calculations what really matters here in this thread is a traders ability to weather the DD storm and keep afloat whilst building an Equity Curve that points upwards.
Another option could be to have 2-3 categories such as:
1. Monthly Gain in Equity (%) (not considering any other parameters);
2. Monthly Gain in Equity (%) / Max Return Drawdown;
3. Hybrid Formula such as the one you propose.
In any case I'm attempting to keep things simple, afterall the main aim here is to have fun whilst pushing our Equity Curves upward !
ps. I also applied monthly analytics on each traders TE instead of 'All History' but that also didn't help much due to DD occurrence.
Masterrmind.............
Master your Mind then Master your Trades
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