April 2004
Beginner
336 pages
8h 26m
English
Content preview from Trend Following: How Great Traders Make Millions in Up or Down Markets
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Appendix E. Critical Questions for Trading Systems
There can never be surprises in logic. | ||
| --Ludwig Wittgenstein[1] | ||
There are many questions you should ask about your trading system. Here are a few:
1. | What have been the largest actual and simulated drawdowns you have experienced on a daily basis? What was the maximal loss in equity, simulated and actual, in a single day? |
2. | What is the maximal number of consecutive losing months the system has sustained? |
3. | How often do drawdowns occur? |
4. | Are drawdowns typically short-lived, or do they develop gradually? |
5. | On the average, how long does it take to recover all the losses incurred during a drawdown? What is the longest it has taken to complete a recovery? |
6. | Is the risk of each trade calculated? If so, what ... |
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