I just started to learn backtesting and optimization on EA..I would like to ask some questions..
After I run an optimization on EA, I not sure how to read the result...
As attached image below, what is the RED circled items mean?
* I use $1000 as deposit for testing with 3 months data
1. The "Profit" means profit OR balance?
Example, the 1st Pass's Profit indicates 393.50,means?
Option A: profit 393.50 (balance increase to 1393.50 after 3 months)
Option B: balance remains 393.50, I have lost 606.50
2. Profit factor?
3. Expected Payoff?
4. Drawdown$ = $457.10 means?
5. Drawdown % = 38.37% how this % calculated?
For drawdown% i remember Sir Funyoo did mention that less than 30% is desired..The lesser the drawdown% the better.
thanks to anyone...