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Average Drawdown |
The average for the period of the maximum amounts that equity has declined during the course of the trade. |
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Best Equity Amount |
Largest profit amount or increase in equity during the course of the trade. |
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Best Equity Date |
The date on which the trade reached the Best Equity Amount. |
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Composite |
A single line on the graph which represents the historical price trend for the period being tested. This illustrates the seasonal tendencies of price. |
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Correlation |
A number that is mathematically calculated from comparing 2 series of data (or price). This number represents how closely the 2 series are tracking each other. |
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Drawdown |
The drop in equity in dollar terms that occurs when a trade moves into a losing condition. |
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Entry Date |
The date a trade is entered into. For our seasonal studies, the price used for calculations is the closing price on the entry date. |
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Exit Date |
The date a trade is closed out. For our seasonal studies, the price used for calculations is the closing price on the exit date. |
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Fundamental Data |
Data that represents the underlying circumstances of a particular commodity such as supply/demand figures etc. |
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Maximum Drawdown |
The largest drop in equity incurred during the course of a trade. |
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Standard Deviation |
Is a statistical measure of spread or variability. In the case of our charts the + and - standard deviation lines represent where the price data normally falls 68% of time. |
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Total Net Profit |
Sum of profits from all winning trades less the sum of losses from all losing trades. |
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Total Profit Factor |
A measure of how successful a trade is. It is calculated by dividing the total profits by the total losses. |
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Worst Equity Amount |
Largest loss amount or decrease in equity during the course of the trade. |
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Worst Equity Date |
The date on which the trade reached the Worst Equity Amount. |
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