Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | Tabulating Open Trades |
| Posted by: | Hina Khawar ( C2 Score: 693 ) |
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| When: | 3/13/12 (20:17) | |
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| | The way Collective 2 tabulates open trades is not ideal. Let me take my own system Income Generator's example. Over the last 2 years i have taken 248 trades, closed 241 trades with not a single closed lost trade. Currently i have 1 open positive & 6 open negative trades. The sum of my open negative trade is approx $ 9700, which is only about 7% of the total capital for the system. In addition having open negative trade balance of $ 9700 divided by 6 trades gives a average of $ 1600/trade which collective 2 reports as average loss which is misleading. You have to have open trades running to make profit you can't open every trade & have immediately that trade go in your favor. The recording system used by collective 2 is OK for intraday & short term trades, but it does not work for long term systems where some trades run for a year. Collective 2 should have a section for UNREALIZED PROFIT/LOSS which should take open trades into account.
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| | In response to post by Hina Khawar of 3/13/12 (20:17) The way Collective 2 tabulates open trades is not ideal. Let me take my own system Income Generator's example. Over the ...
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I don't understand what you are saying. C2 already has a stat called "Open P/L" which does include open P/L. In addition all stats include open trade P/L in their calculations. |
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| Subject: | Tabulating Open Trades |
| Posted by: | Hina Khawar ( C2 Score: 693) |
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| When: | 3/14/12 (7:05) | |
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| | In response to post by Matthew Klein of 3/13/12 (20:32) I don't understand what you are saying. C2 already has a stat called "Open P/L" which does include open P/L. In addition all stats include open trade P/L in their calculations.
Thanks Mr. Klein for the response. I was talking about the statistics at the bottom of the page. The statistics factor in the open trades as losing trades & calculates average loss which i don't think so is correct. The summary of the model account which shows Open P/L is ideal |
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| | In response to post by Hina Khawar of 3/14/12 (7:05) Thanks Mr. Klein for the response. I was talking about the statistics at the bottom of the page. The statistics factor i...
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I can understand why you might not want your open positions' losses to be included in your system statistics. However, "marking-to-market" open positions is a generally accepted accounting principle throughout the world, and is something that all regulatory agencies expect.
Just because you haven't officially closed your position does not mean your loss does not exist. Your loss most certainly does exist -- whether the trade is closed or still open -- and will be included by brokers when calculating your available buying power and account margin requirements.
Matthew |
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What is the C2 Score?
Collective2 rates every trading advisor in its database and assigns a score between 100 and 1000.
In general, a rating above 500 is good. A rating above 700 is excellent.
Collective2 Ratings are recalculated daily based on the entire performance history in our database. The exact formula we use is proprietary, but there are several key variables that go into the Collective2 Rating. One of the most important factors is the length of time we have been able to observe the performance of the trader. Another key factor is the amount by which the trader over-performs or under-performs the S&P 500 index. Finally, the choppiness of the trader's results is taken into account. Certainly a more consistent trader will be rated more highly than a trader with erratic results.
