I suggest "MQL5 signals" establish and present a new index (that I name it "EoB") = Equity/Balance x 100 (%). It shoud be charted by time or by closed trades. - page 5
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1) Does-not need to be down-trend, I used the down-trend as an obvious example. They could both be up-trends.
2) This performance index depends mostly on how-often the snapshot of equity vs balance is taken. And would capture less accurately systems which trades one-trade-@-a-time depending on how often MQ captures it. This is more resource intensive.
3) I'm not questioning the worth of your EoB index either. The more stuff Meta-Quotes includes the happier everyone will be. But how practical is this approach? I alone can submit over 100 studies which Meta-Quotes can include.
4) Perhaps you're correct. But how about something much more universal and less-particular?
5) Ambiguity confuses people. It's either 1% || 2% || 3% || 5%. Either System1 performs better-than System2 or it doesn't. If everyone using the same Index is equally valid in re-defining it, then whats the point of the Index?
You are excellent, Any member & I would encourage you do it.
Each person utilizes an index in his own way depending on his discretion.
This is not for only EoB index but for any index.
Ex: You feel a drawndown 30% of equity is too risky, but another one may accept it, he may bear up to 40%, for instant
My personal suggestion of utilizing EoB index:
The same minEoB ==> choose the greater earning rate (for more profit)
The same earning rate ==> choose the greater minEoB (for less risk)
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