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Forums    February 6, 2012
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Deriving PROM from optimized data
Last Post 05-25-2009 05:32 PM by Dan Wlasiuk. 0 Replies.
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Dan Wlasiuk
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05-25-2009 05:32 PM
    The optimized data is organized into a host of categories including Parameters, Net Profit, Trades, etc.

    The information I need to calculate PROM is Average Winning Trade, Average Losing Trade, Number Winning Trades, Number Losing Trades.

    One can derive Number Winning Trades by taking the Total Trade number and multiplying it by Winning Percent. Number Losing Trades is Total Trades - Number Winning Trades.

    Now it starts to get hairy. How deep is Average Winning Trade embedded? The best I could do is first to calculate Average Winning Trade by the following formula:

    Gross Losses = Net Profit / (Profit Factor -1) and then to simply take Gross Losses and divide by Number Losing Trades to get Average Losing Trade.

    Average Winning trade simply takes the absolute value of Gross Losses and adds it to Net Profit to get the Gross Profit figure, which is then divided by Number Winning Trades to get Average Winning Trade.

    Is there an easier way?
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