I'm using NT7
Is there a way in Strategy Analyzer to view draw down equity graphs in terms of cash, instead of % of instrument price? Trading futures, it doesn't do me any good to know that my draw down, for example, was down 0.8% of the ES instrument, I want to see how much money I would have lost in a losing streak and help determine risk of ruin. Tracking draw down in terms of % just doesn't seem very useful. Currently, to do this, I look at the daily profit chart and look for consecutive losses and sum up the losses to see what my total draw down there would have been. Or, I export the trades into Excel and compute my total equity curve in terms of dollars, not %.
Also, what is the % of draw down based on? The opening price of the instrument at the beginning of the session? Or the price the trade was executed at?
I guess if you had to track draw down in terms of percent I could see it being useful to track draw down in terms of percent of my portfolio, not percent of instrument price. So if I want to see "I don't want to risk more than 2% of my account on a single trade" it'd be interesting to see where I suffer 10-20% draw down of my account.
Another question: are you computing draw down in terms of peak to trough? Or draw down from initial account equity?
Also, it would be nice to specify in a backtest an initial account balance. Also, to specify a certain number of contracts I would trade per account equity (e.g., $10,000 per contract, so if my balance hits $30K I want to ramp up to 3 contracts). I guess I can add all of this as parameters and calculate it all myself, but it would be nice to have some of that baked into NT.
Is there a way in Strategy Analyzer to view draw down equity graphs in terms of cash, instead of % of instrument price? Trading futures, it doesn't do me any good to know that my draw down, for example, was down 0.8% of the ES instrument, I want to see how much money I would have lost in a losing streak and help determine risk of ruin. Tracking draw down in terms of % just doesn't seem very useful. Currently, to do this, I look at the daily profit chart and look for consecutive losses and sum up the losses to see what my total draw down there would have been. Or, I export the trades into Excel and compute my total equity curve in terms of dollars, not %.
Also, what is the % of draw down based on? The opening price of the instrument at the beginning of the session? Or the price the trade was executed at?
I guess if you had to track draw down in terms of percent I could see it being useful to track draw down in terms of percent of my portfolio, not percent of instrument price. So if I want to see "I don't want to risk more than 2% of my account on a single trade" it'd be interesting to see where I suffer 10-20% draw down of my account.
Another question: are you computing draw down in terms of peak to trough? Or draw down from initial account equity?
Also, it would be nice to specify in a backtest an initial account balance. Also, to specify a certain number of contracts I would trade per account equity (e.g., $10,000 per contract, so if my balance hits $30K I want to ramp up to 3 contracts). I guess I can add all of this as parameters and calculate it all myself, but it would be nice to have some of that baked into NT.
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