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OK.

First thing I notice and the thing that is often overlooked by the un wary is the Syyatems test doesnt deduct the Brokerage cost from the Nett profit.

Take the final summary $6571 profit and $6840 Brokerage.
I checked the nett results down lower and its not taken into account.
Unfortunately a 65% winning system is infact a loser.The actual loss is A few hundred dollars.The Broker would be happy though.

Winners take losers = $6571 profit.
Brokerage of $6840 at $60 I presume $60 each way equates to 57 trades not the 65 bought and closed.So cant follow that either.

Brokerage must be considered and many many short term systems fail when brokerage is included in the nett figures.

Im not sure how the System takes trades It appears to be each bar?
That cant be right? Possibly the terminology Im not understanding.

All in all though the results are mis leading and you need to be aware of what your getting back.

Anyway let me know what Im missing or not understanding.

For interest sake here is a Tradesim report on one of the Techtrader versions

Detailed Report
(TT Master 011)

Simulation Summary
Simulation Date:    7/06/2006
Simulation Time: 5:49:40 PM
Simulation Duration: 0.51 seconds

Trade Summary
Earliest Entry Date in the Trade Database:    7/09/1998
Latest Entry Date in the Trade Database: 16/05/2006
Earliest Exit Date in the Trade Database:    28/09/1998
Latest Exit Date in the Trade Database:    19/05/2006

Start Trade Entry Date: 7/09/1998
Stop Trade Entry Date: 16/05/2006
First Entry Date: 7/09/1998
Last Entry Date: 24/03/2006
First Exit Date: 28/09/1998
Last Exit Date:    19/05/2006

Total Trading duration: 2811 days

Profit Summary
Profit Status: PROFITABLE
Starting Capital: $100,000.00
Finishing Capital:    $848,414.00
Maximum Equity/(Date): $748,414.00 (19/05/2006)
Minimum Equity/(Date): -$6,752.24 (6/01/2000)
Gross Trade Profit: $883,438.60 (883.44%)
Gross Trade Loss: -$135,024.60 (-135.02%)
Total Net Profit: $748,414.00 (748.41%)
Average Profit per Trade: $4,428.49
Profit Factor: 6.5428
Profit Index:    84.72%
Total Transaction Cost:    $10,140.00
Total Slippage: $0.00
Daily Compound Interest Rate: 0.0761%
Annualized Compound Interest Rate: 32.0009%

Trade Statistics
Trades Processed:    1924
Trades Taken: 169
Partial Trades Taken: 0
Trades Rejected:    903
Winning Trades: 60 (35.50%)
Losing Trades: 109 (64.50%)
Breakeven Trades: 0 (0.00%)

Normal Exit Trades:    127 (75.15%)
Delayed Normal Exit Trades: 0 (0.00%)
Open Trades: 10 (5.92%)
Protective Stop Exit Trades:    32 (18.93%)
Time Stop Exit Trades:    0 (0.00%)
Profit Stop Exit Trades:    0 (0.00%)

Largest Winning Trade/(Date):    $125,685.00 (19/05/2006)
Largest Losing Trade/(Date): -$4,660.00 (7/12/2005)
Average Winning Trade: $14,723.98
Average Losing Trade:    -$1,238.76
Average Win/Average Loss: 11.8861

Trade Duration Statistics
(All Trades)
Maximum Trade Duration: 1226 (days)
Minimum Trade Duration:    2 (days)
Average Trade Duration:    166 (days)
(Winning Trades)
Maximum Trade Duration: 1226 (days)
Minimum Trade Duration: 12 (days)
Average Trade Duration:    377 (days)
(Losing Trades)
Maximum Trade Duration:    222 (days)
Minimum Trade Duration:    2 (days)
Average Trade Duration: 49 (days)

Consecutive Trade Statistics
Maximum consecutive winning trades: 9
Maximum consecutive losing trades: 10
Average consecutive winning trades:    1.76
Average consecutive losing trades: 3.21

Trade Expectation Statistics
Normalized Expectation per dollar risked: $2.2000
Maximum Reward/Risk ratio:    47.50
Minimum Reward/Risk ratio:    -1.26
Average Positive Reward/Risk ratio:    7.26
Average Negative Reward/Risk ratio: -0.58

Relative Drawdown
Maximum Dollar Drawdown/(Date): $14,090.41 (16/09/2002)
Maximum Percentage Drawdown/(Date): 5.8960% (6/01/2000)

Absolute (Peak-to-Valley) Dollar Drawdown
Maximum Dollar Drawdown: $18,680.36 (6.4660%)
Capital Peak/(Date):    $288,896.75 (3/07/2002)
Capital Valley/(Date):    $270,216.39 (1/10/2002)

Absolute (Peak-to-Valley) Percent Drawdown
Maximum Percentage Drawdown: 7.2140% ($11,960.18)
Capital Peak/(Date): $165,780.04 (18/04/2000)
Capital Valley/(Date): $153,819.86 (26/06/2001)

<blockquote data-quote="tech/a" data-source="post: 68869" data-attributes="member: 257">OK.First thing I notice and the thing that is often overlooked by the un wary is the Syyatems test doesnt deduct the Brokerage cost from the Nett profit.Take the final summary $6571 profit and $6840 Brokerage.I checked the nett results down lower and its not taken into account.Unfortunately a 65% winning system is infact a loser.The actual loss is A few hundred dollars.The Broker would be happy though.Winners take losers = $6571 profit.Brokerage of $6840 at $60 I presume $60 each way equates to 57 trades not the 65 bought and closed.So cant follow that either.Brokerage must be considered and many many short term systems fail when brokerage is included in the nett figures.Im not sure how the System takes trades It appears to be each bar?That cant be right? Possibly the terminology Im not understanding.All in all though the results are mis leading and you need to be aware of what your getting back.Anyway let me know what Im missing or not understanding.For interest sake here is a Tradesim report on one of the Techtrader versionsDetailed Report(TT Master 011)Simulation SummarySimulation Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 7/06/2006Simulation Time:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 5:49:40 PMSimulation Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0.51 secondsTrade SummaryEarliest Entry Date in the Trade Database:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 7/09/1998Latest Entry Date in the Trade Database:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 16/05/2006Earliest Exit Date in the Trade Database:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 28/09/1998Latest Exit Date in the Trade Database:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 19/05/2006Start Trade Entry Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 7/09/1998Stop Trade Entry Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 16/05/2006First Entry Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 7/09/1998Last Entry Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 24/03/2006First Exit Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 28/09/1998Last Exit Date:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 19/05/2006Total Trading duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 2811 daysProfit SummaryProfit Status:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; PROFITABLEStarting Capital:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $100,000.00Finishing Capital:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; $848,414.00Maximum Equity/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $748,414.00 (19/05/2006)Minimum Equity/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -$6,752.24 (6/01/2000)Gross Trade Profit:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $883,438.60 (883.44%)Gross Trade Loss:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -$135,024.60 (-135.02%)Total Net Profit:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $748,414.00 (748.41%)Average Profit per Trade:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $4,428.49Profit Factor:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 6.5428Profit Index:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 84.72%Total Transaction Cost:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; $10,140.00Total Slippage:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $0.00Daily Compound Interest Rate:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0.0761%Annualized Compound Interest Rate:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 32.0009%Trade StatisticsTrades Processed:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1924Trades Taken:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 169Partial Trades Taken:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0Trades Rejected:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 903Winning Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 60 (35.50%)Losing Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 109 (64.50%)Breakeven Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0 (0.00%)Normal Exit Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 127 (75.15%)Delayed Normal Exit Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0 (0.00%)Open Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 10 (5.92%)Protective Stop Exit Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 32 (18.93%)Time Stop Exit Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 0 (0.00%)Profit Stop Exit Trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 0 (0.00%)Largest Winning Trade/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; $125,685.00 (19/05/2006)Largest Losing Trade/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -$4,660.00 (7/12/2005)Average Winning Trade:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $14,723.98Average Losing Trade:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; -$1,238.76Average Win/Average Loss:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 11.8861Trade Duration Statistics(All Trades)Maximum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1226 (days)Minimum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 2 (days)Average Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 166 (days)(Winning Trades)Maximum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1226 (days)Minimum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 12 (days)Average Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 377 (days)(Losing Trades)Maximum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 222 (days)Minimum Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 2 (days)Average Trade Duration:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 49 (days)Consecutive Trade StatisticsMaximum consecutive winning trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 9Maximum consecutive losing trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 10Average consecutive winning trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1.76Average consecutive losing trades:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 3.21Trade Expectation StatisticsNormalized Expectation per dollar risked:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $2.2000Maximum Reward/Risk ratio:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 47.50Minimum Reward/Risk ratio:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; -1.26Average Positive Reward/Risk ratio:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 7.26Average Negative Reward/Risk ratio:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -0.58Relative DrawdownMaximum Dollar Drawdown/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $14,090.41 (16/09/2002)Maximum Percentage Drawdown/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 5.8960% (6/01/2000)Absolute (Peak-to-Valley) Dollar DrawdownMaximum Dollar Drawdown:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $18,680.36 (6.4660%)Capital Peak/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; $288,896.75 (3/07/2002)Capital Valley/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; $270,216.39 (1/10/2002)Absolute (Peak-to-Valley) Percent DrawdownMaximum Percentage Drawdown:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 7.2140% ($11,960.18)Capital Peak/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $165,780.04 (18/04/2000)Capital Valley/(Date):&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $153,819.86 (26/06/2001)</blockquote>

[QUOTE="tech/a, post: 68869, member: 257"] OK. First thing I notice and the thing that is often overlooked by the un wary is the Syyatems test doesnt deduct the Brokerage cost from the Nett profit. Take the final summary $6571 profit and $6840 Brokerage. I checked the nett results down lower and its not taken into account. Unfortunately a 65% winning system is infact a loser.The actual loss is A few hundred dollars.The Broker would be happy though. Winners take losers = $6571 profit. Brokerage of $6840 at $60 I presume $60 each way equates to 57 trades not the 65 bought and closed.So cant follow that either. Brokerage must be considered and many many short term systems fail when brokerage is included in the nett figures. Im not sure how the System takes trades It appears to be each bar? That cant be right? Possibly the terminology Im not understanding. All in all though the results are mis leading and you need to be aware of what your getting back. Anyway let me know what Im missing or not understanding. [B]For interest sake here is a Tradesim report on one of the Techtrader versions[/B] Detailed Report (TT Master 011) Simulation Summary Simulation Date: 7/06/2006 Simulation Time: 5:49:40 PM Simulation Duration: 0.51 seconds Trade Summary Earliest Entry Date in the Trade Database: 7/09/1998 Latest Entry Date in the Trade Database: 16/05/2006 Earliest Exit Date in the Trade Database: 28/09/1998 Latest Exit Date in the Trade Database: 19/05/2006 Start Trade Entry Date: 7/09/1998 Stop Trade Entry Date: 16/05/2006 First Entry Date: 7/09/1998 Last Entry Date: 24/03/2006 First Exit Date: 28/09/1998 Last Exit Date: 19/05/2006 Total Trading duration: 2811 days Profit Summary Profit Status: PROFITABLE Starting Capital: $100,000.00 Finishing Capital: $848,414.00 Maximum Equity/(Date): $748,414.00 (19/05/2006) Minimum Equity/(Date): -$6,752.24 (6/01/2000) Gross Trade Profit: $883,438.60 (883.44%) Gross Trade Loss: -$135,024.60 (-135.02%) Total Net Profit: $748,414.00 (748.41%) Average Profit per Trade: $4,428.49 Profit Factor: 6.5428 Profit Index: 84.72% Total Transaction Cost: $10,140.00 Total Slippage: $0.00 Daily Compound Interest Rate: 0.0761% Annualized Compound Interest Rate: 32.0009% Trade Statistics Trades Processed: 1924 Trades Taken: 169 Partial Trades Taken: 0 Trades Rejected: 903 Winning Trades: 60 (35.50%) Losing Trades: 109 (64.50%) Breakeven Trades: 0 (0.00%) Normal Exit Trades: 127 (75.15%) Delayed Normal Exit Trades: 0 (0.00%) Open Trades: 10 (5.92%) Protective Stop Exit Trades: 32 (18.93%) Time Stop Exit Trades: 0 (0.00%) Profit Stop Exit Trades: 0 (0.00%) Largest Winning Trade/(Date): $125,685.00 (19/05/2006) Largest Losing Trade/(Date): -$4,660.00 (7/12/2005) Average Winning Trade: $14,723.98 Average Losing Trade: -$1,238.76 Average Win/Average Loss: 11.8861 Trade Duration Statistics (All Trades) Maximum Trade Duration: 1226 (days) Minimum Trade Duration: 2 (days) Average Trade Duration: 166 (days) (Winning Trades) Maximum Trade Duration: 1226 (days) Minimum Trade Duration: 12 (days) Average Trade Duration: 377 (days) (Losing Trades) Maximum Trade Duration: 222 (days) Minimum Trade Duration: 2 (days) Average Trade Duration: 49 (days) Consecutive Trade Statistics Maximum consecutive winning trades: 9 Maximum consecutive losing trades: 10 Average consecutive winning trades: 1.76 Average consecutive losing trades: 3.21 Trade Expectation Statistics Normalized Expectation per dollar risked: $2.2000 Maximum Reward/Risk ratio: 47.50 Minimum Reward/Risk ratio: -1.26 Average Positive Reward/Risk ratio: 7.26 Average Negative Reward/Risk ratio: -0.58 Relative Drawdown Maximum Dollar Drawdown/(Date): $14,090.41 (16/09/2002) Maximum Percentage Drawdown/(Date): 5.8960% (6/01/2000) Absolute (Peak-to-Valley) Dollar Drawdown Maximum Dollar Drawdown: $18,680.36 (6.4660%) Capital Peak/(Date): $288,896.75 (3/07/2002) Capital Valley/(Date): $270,216.39 (1/10/2002) Absolute (Peak-to-Valley) Percent Drawdown Maximum Percentage Drawdown: 7.2140% ($11,960.18) Capital Peak/(Date): $165,780.04 (18/04/2000) Capital Valley/(Date): $153,819.86 (26/06/2001) [/QUOTE]

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