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 startedIs there a good place for this? Any help is very appreciated.
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)
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:
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