Matt -
Why not make the stats a user selectable item? Every user could show what stats he/she wanted to show, and leave off the rest. You could make some automatic/fixed, but the rest would be up to the user. That would be the ultimate in "usability."
Kevin
"Why not make the stats a user selectable item? "
I was actually thinking the same thing, but SITE wide per user.
Let each user treat their home page/view as they want - ticker, Forum comments, chat, stats, reviews, etc. They can treat each as a widget, with a minimize/maximize. and you can make more
For example, the PortfolioMaker is a widget. If someone always wants it on the main page, then they should have the ability to do so. If they want "My Analyst" on the main page, then they should have the right to do so.
In other words, everything is available on their "home" page, but THEY decide what they want open or minimized.
Yes, letting a user create his own front page would be totally awesome!
You’d have to have a baseline template for new users, but you could also have an option to “look” at and mimic what others do. For example, I could look at and adopt another member’s main page setup (not the particulars) as my own.
Beginning users would not need to even know about this - you don;t want to overwhelm them…
Kevin
Hi Matt,
After playing around with the chart window I agree it is pretty neat. One suggestion though, please replace the yellow color with something else, it is practically invisible on my screen.
I still hope you will add the metrics I have suggested, as have others, to the stats table.
Thanks, Karl
Does anybody know where the button is for: "Show real trades from subscribers"?
Hi
just a brief reaction from my side:
I just wanted to look up when the next charging period would be.
I did not find anything on the current C2 site, but it was all there in the
preview, including down to the minute: if you are still subscribed by this time, we will charge you again.
(At least, this is how I interpreted the date and time.)
It would be good to also have there a sum: sum of everything I paid for a system over time.
(Even going further in this direction would be: fees paid per system, revenue per system, ROI )
But the most important feature from me is still missing:
A possibility to show a (printable) page which summarizes all charges within a calendar year. (Ideally broken down by system.)
Important is to have it per calendar year - for tax reasons.
From a convenience point of view it would also be good to have different time periods as well.
(This "fees per calendar year" feature would be my single most important feature from a subscriber perspective)
Thanks
Klaus
Took a quick look:
Average win & loss is the most important stat on young systems. It tells you quite clearly if a big sudden loss is expected in the future. Also biggest win & loss (or yet better mark to market dd & peak / trade) would be very useful, especially for young systems.
On the other hand Probabilities of future account loss is totally useless and have no predictive value unless you have changed it somehow. Currently for systems that have had 40-50% DD, it tells there is close to no possibility for 20% DD.
More comments later, maybe.
- Panu
Average win & loss is the most important stat on young systems
I agree with this statement very much. I am amazed at the fact that this very important statistic is dropped.
Matthew please put it back.
Rick
"Average win & loss is the most important stat on young systems"
Profit Factor is a lot more important. Average win/average loss means little unless combined with winning% A system that averages $100 per win and $500 per loss, yet has 91% wins is fine.
Some people may trade for a certain profit, and just keep a disaster stop. Average wins/losses is more of a function of money management than success of a system. Profit factor reflects both wins/losses AND winning%.
There are always some young high win% systems that have not yet crashed but they almost certainly will.
Big average loss compared to avg win usually means that the vendor is trying to keep the win% high so these stats often go hand in hand.
We are getting sidetracked here. The average win/loss may not be the most important however it is very important to many people. I for one am amazed it is being left out. Not all will agree however enough think it is a good statistic to keep it in.
Rick
Since some people want it, some don’t, I still vote for customizing it for each person, so they can decide if they want it.
Kevin how would that work for the prospective clients I am bringing to this web site? Most of them don’t know anything about trading. How would they customize thier look?
Rick
Their
7 out of 5 traders are dyxlesic.
Rick
Hi,
another comment:
just looked AutoTrade Performance Results
It first shows a big table, then the name of the system appears, then another table…
It is unclear to me what exactly is the first table and what is the second.
Some explanations would be useful on this page.
Also to have the system name on top
Further I noticed it shows me only the results of a system managed with Gen3 autotrading.
But Gen2 autotrading results are also available, so why is this not shown? (And why no selector for the system that should be displayed?)
Klaus
Rick - I think there would be a default config for new people (maybe all stats, or just some). Some stats would have to be permanent (profit, drawdown) to ensure regulatory compliance, but you could make the rest optional. “Power” users could customize, but casual users could just use the default.
Between doing this, and making a customizable look for everyone, usability would be greatly enhanced. Of course, I don’t have to program it, so I think it is great idea!
Kevin
I don 't think any stats are needed for compliance. Most other timing sites barely show you more than an equity curve.
This is a situation where the govt SHOULD require all “timers” to publish a minimum of a verifiable track record with at least Profit Factor, Sharpe and max drawdown. Yes they are considered publishers, but seems like the 99% use a huge amount of deception, trickery or concealing the truth when they “publish” to their subs
So many fax/email/phone/postal mail/website/plugins/Ebay/books or other “services” bouncing around. Most have no track record - just “examples” or publish a backtest as if it were a track record, or even a track record that is complete fiction or based on horrible stats, hidden by an attractive equity curve.
99+% don’t work, and newbie lemmings are constantly going over the cliff. C2 is sort of the Consumer Reports of trading sites. Does not guarantee success, but at least there is a lot of sunlight available to expose quackery…
Wow! Have you checked out the new Portfoliomaker on the current site, apparently meant to be transferred to the new site.
Besides the equity curves it shows in the table below drawdown in percentage and dollars besides the profit in dollars and percentage.
So some of the items missing in the stats table can be found here.
Yes, compliance is probably not the issue. Maybe for liability/legal protection, though, certain items should be kept.
Like today, I got a direct mail piece that said "no drawdowns" on a graph that CLEARLY had a drawdown! It also said "never more than 2 losses in a row, so you can safely have as many contracts as margins allow."
Incredible.
i think its been that way for awhile…
PortfolioMaker is one of the better ideas implemented by MK…