Topic: Characteristics of a good bot
I wanted to start a discussion about what everyone thinks are key criteria to look for when determing if a new-found bot is 'worthy' -- how do you compare and evaluate stats to determine which is better (ie ranking)?
I've noticed a couple things that stand out between bots and Im starting to make a list for myself. The first thing I look for are that it has a visually sexy Generator curve, and specifically the portion in the OOS section. If that looks good, I note all the rest of the stats in a spreadsheet and then I can compare bots against each other.
Some things I really like to see:
lower number of actual trades
lower equity drawdown %
higher win/loss ratio
higher profit gain
I think it needs to be a good balance of these (for example high profit with extreme # of trades is a red flag I think). Also, I look subjectively for things like a strong consistent angle on the chart with multiple stairsteps on the balance line and balance/equity hugging closely most of the time (less wild swings).