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sportrider  
#1 Posted : Wednesday, March 8, 2006 4:30:21 AM(UTC)
sportrider

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Has anyone run across the following: Hypothetical example:A system has a 3%PnL is this the same as 3/1 ratio PnL or where you make 3 times what you loose.Also how do you think it was derived.Any comments will be appreciated.Thank you.
hayseed  
#2 Posted : Wednesday, March 8, 2006 1:24:33 PM(UTC)
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hey ralph.... the "n" part of 3%PnL confusing me so this might not be what your after.... if your talking about the system tester results labeled "Average Profit/Average Loss" where a common figure might be 2.28 ...... thats nothing more than the average of all profits divided by average of all losses.... lets use your 3 instead of my 2.28, no it does not mean the profits were 3 times the losses.... true total profits might be more or less than 3 times the losses...... you could figure the true profit/loss but meta's average method might be better.....h
sportrider  
#3 Posted : Wednesday, March 8, 2006 2:48:17 PM(UTC)
sportrider

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Hi Hayseed, The "n" I took to mean "and".I have been familiar with the average profit/loss ratio,its just that this threw me off because I have never seen it expressed as a percent..........I'm wondering if what they did to get percent was take the average profit/loss and then devide it by hundred ....
hayseed  
#4 Posted : Wednesday, March 8, 2006 6:52:05 PM(UTC)
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hey ralph.... kinda figured i was barkin up the wrong tree, the 'n' part is throwing me.... perhaps thats tradestation's lingo or some term used overseas.... without more to go on its hard to know for sure..... h
henry1224  
#5 Posted : Thursday, March 9, 2006 12:03:48 AM(UTC)
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please check pages 362 and 363 of the metastock users manual ver 9.0 or pages 389 and 390 of the metastock users manual ver 9.1
hayseed  
#6 Posted : Thursday, March 9, 2006 12:28:50 AM(UTC)
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hey henry.... my 9.0 manual has long since worn out but the 9.1 is still in good shape.... had looked there earlier..... looked again, still don't see any reference on 389/390 to "PnL" .... kinda bet thats trade station terminology..... its the "n" part that unfamiliar......h
sportrider  
#7 Posted : Thursday, March 9, 2006 2:31:03 AM(UTC)
sportrider

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....I believe the "n" stands for and I think it is tradestation terminology.I always heard of PnL ratio meaning what we know as profit to loss ratio; its just that I was reading something-not in metastock-which expressed it as a %instead of average PnL or profit /loss...so was wondering if anyone had come across this before.
StorkBite  
#8 Posted : Thursday, March 9, 2006 1:58:13 PM(UTC)
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https://www.tradestation.com/Discussions/Main.aspx Might check the TradeStation forum... I didn't want to be a member to look up the search results, but it might be worth it if you can get the answer you're seeking.
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