Topic: Time in position
In Account Statistics, what does Time in Position % mean?
- Popov
- Lead Developer
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Re: Time in position
It is the percent rate of the bars in which you trade or hold a position against the count of all bars.
Re: Time in position
From Popov's definition I understand what "Time in Position" means. However, I'm curious how people treat this metric when it comes to comparing strategies. I mean, suppose the statistics for two strategies are similar in all respects, but one has a greater % "Time in Position". Is it a good thing, a bad thing or neither to spend more or less time holding a position?
Suppose a strategy has good statistics but "Time in Position" is higher or lower than some threshold you prefer -- would you toss a strategy based solely on its "Time in Position"? That is -- how important is it?
- footon
- ◄≡≡≡►
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Re: Time in position
Essentially, one can look at it as a risk assessment: the more time in a position, the greater the risk, exposure. Or the more time in a position, the longer the trading capital is "locked" and unusable (tradeable). 2 strats with similar performance - certainly, the one which produces its profit quicker, is the better one. But backtesting doesn't guarantee similar future results, so... 
Re: Time in position
Excellent -- I get it. Thanks, footon.