Average Position Holding Time

[Dua Yong Rew]

As I'm going through my backtest report. I was looking at this and thinking if this information is important.

If the average position holding time is very low, does it means that my EA is more accurate and robust compare to a value that is higher?

and where can I get this for use in Custom Max

[Dua Yong Rew]

anyone?

[Dua Yong Rew]

anyone know where I can get the average holding time for use in custom max?

[Ubzen]

doshur:

As I'm going through my backtest report. I was looking at this and thinking if this information is important.

If the average position holding time is very low, does it means that my EA is more accurate and robust compare to a value that is higher?

and where can I get this for use in Custom Max

Sounds like (Sum_All_Closed_Positions (Position_Close_Time - Position_Open_Time)) / Total_Positions. What do you mean by Custom Max?

[Dua Yong Rew]

Ubzen:
Sounds like (Sum_All_Closed_Positions (Position_Close_Time - Position_Open_Time)) / Total_Positions. What do you mean by Custom Max?

I mean for use in On_Tester()

https://www.mql5.com/en/docs/constants/environment_state/statistics

There is nothing for average position time. Able to request to be included?

[Ubzen]

doshur:

I mean for use in On_Tester()

https://www.mql5.com/en/docs/constants/environment_state/statistics

There is nothing for average position time. Able to request to be included?

I didn't see it in the list ... but you already knew that. Have you tried calculating it yourself?

[Alain Verleyen]

doshur:

I mean for use in On_Tester()

https://www.mql5.com/en/docs/constants/environment_state/statistics

There is nothing for average position time. Able to request to be included?

Ubzen gives you the formula to calculate it yourself. Then you can use it as Custom Max.

[Vorobyov]

doshur:

As I'm going through my backtest report. I was looking at this and thinking if this information is important.

If the average position holding time is very low, does it means that my EA is more accurate and robust compare to a value that is higher?

Yes. Absolutelly. I think "Average Position Holding Time" is important and does it means EA or Signal is more accurate. Perhaps, more clear would be to indicate standardized minimum and maximum, instead of just avarage. For example, if your EA needs 5 days till close the trade in profit, it also means that during those days was highly probably quite big drawdown in equity (unrealized loss/profit till close the trade). Such EA/Signal would certainly blown out all lower size accounts, while big size accounts will not be hurted by your EA drawdown during those days. On the opposite, if your EA close the trade in 15 minutes with profit, and also with low relative drawdown (in usd and % of acconut size) during that holding time, it means that all account types are profitable and happy with your EA. Lot size should be adjusted per account size. (increase lot size to increase gains in well-capitalized accounts, and reduce risk of losing everything in under-capitalized accounts). Position Holding Time is also important for planning the trade.

[Dua Yong Rew]

angevoyageur:

Ubzen gives you the formula to calculate it yourself. Then you can use it as Custom Max.

correct me if I'm wrong here

So I need to declare global variables and store the position holding time(s) everytime my trade closed in On_Tick() and used it in custom max (on_Tester) later?

Can metaquotes give us a simpler solution? Should I write to ServiceDesk to appeal for this statistic? 

[Dua Yong Rew]

Vorobyov:

Yes. Absolutelly. I think "Average Position Holding Time" is important and does it means EA or Signal is more accurate. Perhaps, more clear would be to indicate standardized minimum and maximum, instead of just avarage. For example, if your EA needs 5 days till close the trade in profit, it also means that during those days was highly probably quite big drawdown in equity (unrealized loss/profit till close the trade). Such EA/Signal would certainly blown out all lower size accounts, while big size accounts will not be hurted by your EA drawdown during those days. On the opposite, if your EA close the trade in 15 minutes with profit, and also with low relative drawdown (in usd and % of acconut size) during that holding time, it means that all account types are profitable and happy with your EA. Lot size should be adjusted per account size. (increase lot size to increase gains in well-capitalized accounts, and reduce risk of losing everything in under-capitalized accounts). Position Holding Time is also important for planning the trade.

Now I'm finding ways to get this into custom max so that my parameters are more "robust"

[Luca De Andrea]

Anyone with this formula for the OnTester? Could be really useful.

Testing Statistics (https://www.mql5.com/en/docs/constants/environment_state/statistics) doesn't provide yet this parameter that we can see in the Tester Report: Average Position Holding Time