They come and they go. How do we judge and pick the best ?
Here are some insights
Some definitions first.
a) Start Depo
How much money when the robot is activated with a particular account. The acct may have been around with other robots but when a robot is activated with an account, the start balance is determined. Along the way the amount is changed if there is any deposit (plus) or withdrawal (minus)
b) Balance
The account balance when the data captured is made at any time.
c) RPL (Running Profit or Loss)
At the time when the balance is captured, any resultant of trades that are running are also noted. If the trade is losing (not yet closed) the figure will be in minus opposite if it/they are winning.
d)Days
How many passing days from the day when the robot was activated on the particular account
Now here are the calculations
1. Nett Different from Start
The Balance is minus from StartDepo amount and added with RPL.
If the figure is positive it means that it is in profit where its current balance is higher than StartDepo even after including RPL. As the RPL could either pull down the figure if the trade/s are losing and upped it if its in positive (profiting)
2. Diff Last
If the figure is positive it means that the NettDiffStart of the current is better(more) than the previous reading
3. DiffLast%
This is DiffLast in terms of %
4. %Day
This how much the robot is making or losing in a day on the average. This also takes into account the No. of days the robot has been activated. The bigger the %Day the more profiting is the robot. Do note that for any robot they may also be days where the %Day could be in minus. But as long as the %Day positive, on the average, it is making profit on the average daily.
5.$ Day
How much is expected in a day of trading. Simply the formulae is [(1)+(c)]/(d).
6. Expt%Mth (Expected Profit% per Month)
Basing on % Day where there are 20 trading in a month. Simply %Day x 20
7. Exp$Mth (Expected Profit in Month)
The formulae ; $Day x 20. How much is shown here not necessary will show the best robot as the acct amount of StartDepo varies. Those with bigger StartDepo will have bigger Exp$Mth even if the % may be smaller. So thats why the following formulae will decide the best Robot.
8Exp$Mth on 10k
The start depo is proportionately increase or reduce as though taking the StartDepo to be 10k. So the figure that derived and compared will be fair to all. And this will decide the Best Robot there is.
FootNotes
However please note that a longer running robot is better than a new one as it show stability and the result is a better representative what it can achieve.
A success in demo does not necessary mean that it can be the same for a real account
Robots that use Martingle, grid and/or hedge (MGH) will require large Start Depo.
MGH Robot may show impressive result temporarily as its setback will be when it hit a big drawdown.
All robot will have wins and losses. The best one will be when its wins is bigger than its losses. These comparison can takes hours, weeks, months and even years. So what is the best robot still race a lot of questions.
