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Release of SQX 139 Dev 1 and what’s planned for year 2024
We’d like to announce the release of the new SX 139 Dev 1 version – note that this is a development version for testing, not the final 139 version. Most …
exit methods
How to categorize your strategies by exit type quickly and efficiently
Exit methods databank columns snippets bundle
StrategyQuant X can generate a large number of strategies based on several input parameters. One of them is the option to choose different exit methods ( Exit Types) from which StrategyQuant X selects.
The result of generating strategies in BUILDER or retesting in RETESTER can be a large number of strategies with different types of exits. The question is how to categorize these strategies by their exits. Until now, the only possible way was to do it manually by analyzing after strategy. ( without external scripts… )
This bundle of databank column snippets can be a new solution which can help you identify Exit Methods used in the strategy. They return the percentage share of a specific exit method from all exit methods used in every strategy.
Another promising usage is to use these snippets as fitness in strategy builder. You should be able to tell StrategyQuant X genetic builder engine which strategies should be preferred during the building process.
Exit Complexity
Another useful tool is Exit complexity a snippet – databank column that returns a summation of the used exit methods. Theoretically, if the simpler strategy is more robust, then a lower exit complexity should indicate a more robust strategy. Again, it can be used as a fitness function.
Both snippets you can donwload here: https://strategyquant.com/codebase/exit-methods-snippet-bundle/
Thank you for this! Is the exit complexity column called “Exit quality?” Lower is better, right?
Exit Complexity is the sum of all used exit methods and Exit Quality is a different snippet: Net Profit/total MFE ( som of all MFE ). So lower = better too.
if we do Net Profit/total MFE then why you say lower = better?
Isn’t it greater = better?
if total MFE = 100
and Net Profit = 90
then 90/100 = 0.9
but Net Profit = 90
then 30/100 = 0.3
so greater = better!
This is a great contribution to the community. Thanks for sharing this!
Enjoy!
Gratefully received as always. Thanks Clonex for your continued efforts in improving the software.
Glad to help
thank you Clonex for great work. Very valuable snippets
Hi. There is no link for the snippets in the blog post. Where can I get them?
This could be what you are looking for https://strategyquant.com/codebase/exit-methods-snippet-bundle/
Hi all links are fixed.
I download two .sxp file. Where should I put them？and how to use them?