Good Drawdown Percentage ?

[shanemcdonald]

HI
I was wondering what everyone considers a good drawdown percentage for automated strategies.
I am currently running a strategy with a profit factor of 4.65 and a drawdown of 1.6 percent on the YM dow jones mimi. It was about $560 max drawdown in dollar amount.

Is this considered good ? It has low net profit right now of around $3500 for the last month and was tested real time on sim account. I had to test real time due to the renko bars. I am testing both calculate on close and its opposite.

What kind of numbers do you look for in your testing ?

thanks
for your help as I try to enhance my strategies.

Sincerely,
Shane

[GAVETSO]

Sendme all your Stat i will study and tell you if the strategy is or not dangerous profitable

[solvmatic]

is this one or mulitple contracts? what is the trade frequency?what the stat looks like if you set slippery = 1 ?
message me, we can talk about it.

[shanemcdonald]

1 contract , around 3 trades per day
thanks
shane

[Obsidian]

I would say sample size and test duration are too low.
Either get some high quality data with bid ask from tickdata or olsendata,
or use market replay to record a feed then use that recorded data to backtest on
(have to be connected to market replay connection during backtest).