Top Trader Contest - Let's get together as a community and make a NEW and GOOD FORMULA!!!!!!
Hi guys,
I have come upon an idea whilst I was having my 7th coffee on the day.....
I'm sure we all come from different backgrounds. Some of us are pimps, some of us are models, some of us are doctors and some of us a engineers.
Now I think we can all agree that the current formula is causing both consternation and constipation. Alas seemingly Nick and Dom et al appear to be too busy to change it or lack the desire to change it which on the surface seems strange but it is what it is and all businesses have multiple facets and resource drains so it's also not surprising. However as this will ideally benefit not just the website but also the community there is nothing to stop us as a community to help out as in the end it will also benefit us.
So what I propose is that some of the smarter heads on here with a mathematics background or not suggest some new formulas. We as a community could choose the best 2 or 3 and then offer those choices to the forexsignals.com team to choose from. Everyone benefits.
Currently the formula is this:- Gain(equity)/(worst drawdown*std deviation)
Where most of the "problems" and "discussions" are coming from is the weighting of the std devaition. Please read this thread for clarification.
So what I propose is that if you have a better idea then to put it on this thread as a CLEAR mathematical formula and we could all discuss it.
I will put my own take on it this week once I can think of a good replacement. Hopefully at least 2 or 3 members out there have some knowledge on this and.or desire to help. 100% would be fine to steal the formula from somewhere else. But I think the key is to try to find a balance between simple and complex as it should be understandable to people, we aren't trying to develop a pathway to fly to another universe here.
Happy trading everyone.
BRM
Hi guys,
I have come upon an idea whilst I was having my 7th coffee on the day.....
I'm sure we all come from different backgrounds. Some of us are pimps, some of us are models, some of us are doctors and some of us a engineers.
Now I think we can all agree that the current formula is causing both consternation and constipation. Alas seemingly Nick and Dom et al appear to be too busy to change it or lack the desire to change it which on the surface seems strange but it is what it is and all businesses have multiple facets and resource drains so it's also not surprising. However as this will ideally benefit not just the website but also the community there is nothing to stop us as a community to help out as in the end it will also benefit us.
So what I propose is that some of the smarter heads on here with a mathematics background or not suggest some new formulas. We as a community could choose the best 2 or 3 and then offer those choices to the forexsignals.com team to choose from. Everyone benefits.
Currently the formula is this:- Gain(equity)/(worst drawdown*std deviation)
Where most of the "problems" and "discussions" are coming from is the weighting of the std devaition. Please read this thread for clarification.
So what I propose is that if you have a better idea then to put it on this thread as a CLEAR mathematical formula and we could all discuss it.
I will put my own take on it this week once I can think of a good replacement. Hopefully at least 2 or 3 members out there have some knowledge on this and.or desire to help. 100% would be fine to steal the formula from somewhere else. But I think the key is to try to find a balance between simple and complex as it should be understandable to people, we aren't trying to develop a pathway to fly to another universe here.
Happy trading everyone.
BRM
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