If there is a quantitative measure for Edge, what is it?

Quote from nononsense:

Quote from OddTrader:
Personally, I strongly recommend to do good backtesting - some Proper ones.

OddTrader,
I like that. Of course, in my viewpoint, backtesting goes TOGETHER with system development. Point already often taken up at ET's: No competent profitable trader will ever reveal anything about either.
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???

Then what's the point of having a forum to discuss backtesting if we're all supposed to be so secretive that we shouldn't even help each other here? I understand not revealing strategy, but not even giving help on getting the testing right sounds like we're all just a bunch of hyporitical enemies, pretending to discuss ideas while waiting for a chance to steal them or spread disinformation. :(
 
Quote from OddTrader:

Can we measure Edge?

Do you have anything in mind that could be used to measure an Edge with quantitative terms?

Any pointers?

All comments would be appreciated.
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Maybe you can benchmark this with another system in the same market, and in the same period(s)?

I found it useful to compare this with the lowest trigger, but I have a top to bottom systems, so I am compare this with my trigger if taken raw or undefined (with very little filtering).

PF, RR, av. win, av. loss, will show how well you are doing...
 
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