What Performance Metrics do you like to Track?

What units do you use for MAE? $, Ticks, Etc...? Currently trading futures only. Average hold time less than a day with the occasional multi day hold.

Looks like Pain-to-Gain is same as Profit Ratio Mentioned by others. Thanks for the info.

EDIT: damn MAE looks crazy useful...MFE and ETD potentially too.

 

So it took you 40 years to came up with the plan to increase size after losses?

I was doing that within 40 days of starting in this business

 

I measure the MAE in basis points and plot in on a spreadsheet.

 

why would you increase your size after losing? Makes more sense to me to decrease size if losing until you become profitable again.

 

Entry and exit levels of your major draw-downs. As well as the avg holding time of those fuck-ups.
Then you can analyse why you made that mistake. The rest of the metrics are useless.

 

Good Morning zghorner,

Most important metrics for me:

Discretionary/Manual/Best-Educated-Guessing Trader:
1. How fast can I recover from drawdown within 1 hour.

100% Automated Trading System Trader:
1. Profit Factor > 2

 

Good Morning hilmy83,

Agree

 

Good Morning MarkBrown,

Agree

 

I track the last several days of the stock's daily
spread, and its extended hours performance to
ensure it meets my criteria.

 

He has confidence in his method with data to back up his strategy.