Trader's Performance Index(TPI)

[virtualmoney]

Quote from JaiSreeram:
Can you please explain the symbols used above and what is %return or sharpe ratio? Moreover, I thought trading is a more objective term and can not be reduced to mathematical terms as conditions differ in various markets and countries. So, is it possible to standardize the above for all traders?

Use this version: simple and general for anyone/instrument

TPI = %R X (1 - max%DD) X %t,

for example 90% return, 30% max DrawDown, 12 months time frame

TPI =0.9 X (1 - 0.3) X 1.2 = 0.756

 

[JaiSreeram]

Thank you, virtual money, for the explanations, can you please give some more practical or real time examples