Help with actually doing trading system calculations.

[mirinquads]

So Im quite new at this stage to systems trading, and I have been reading a lot.

But I'm actually wondering I calculate the more basic stuff. I have a bunch of R-multiples(Im using the R system), and know how to calculate the average and variability and so on.

But how about maximum drawdown and all the variables I need to actually know what I can expect of my system? I feel like I always hear about back tesing and this and that, but I need the very basics to get started

Is there a good place for this? 

Any help is very appreciated.

[mfx123]

Start with understanding how MT4/MT5 backtest work and the meaning of backtest results.

[mirinquads]

Very helpful, but they dont go into max/min drawdowns, profitfactors and so on though - How did you learn about these terms and how to use them to optimize your system?

[mfx123]

If you do some simple search you would find your answer.

How to read this report from an expert advisor test. - Easy Trading Strategy - MQL4 and MetaTrader 4 - MQL4 programming forum (mql5.com)

[mirinquads]

Not bad, that definitly helps a lot.

Theres not guide that straight up goes through how to do these calculations?

[mirinquads]

Anyone?

[Fernando Carreiro]

mirinquads: But I'm actually wondering I calculate the more basic stuff. I have a bunch of R-multiples(Im using the R system), and know how to calculate the average and variability and so on.But how about maximum drawdown and all the variables I need to actually know what I can expect of my system? I feel like I always hear about back tesing and this and that, but I need the very basics to get started

Do a Internet Search (Google, Bing, etc.). There are many sites describing the metrics and the respective calculations. Here are two examples after a quick Google search:

• https://improve-your.trade/blog/top-17-trading-metrics
• https://www.thetraderisk.com/trading-system-performance-metrics/