Topic: New metric -- "Consistency"
I would like to propose a new metric -- actually, it's a ratio of 2 older metrics:
Consistency = "Executed orders" / "Max stagnation"
The larger the ratio, the better -- I'll explain...
A large 'Max stagnation' is bad -- since it indicates either (a) the strategy is not trading, or (b) it is losing. The number of 'Executed Orders' is neither good or bad. However, the ratio of 'Executed orders' / 'Max stagnation' provides a glimpse into a strategy's trading behavior -- and I'll refer to that as 'Consistency'. When comparing two strategies, the one with the larger 'Consistency' metric does a better job of trading.
This metric is easy enough to estimate in your head when viewing each strategy's 'Account Statistics'. If others find it valuable, then perhaps it could be promoted and a 'Consistency' metric added to the list.
I've attached an image to show what I mean. The strategy on the left has decent stats, but the Consistency metric is poor. This is due to the fact it trades poorly when the data is ranging. The strategy on the right has a good Consistency metric -- and you can see it trades well over the 3 types of data -- trend-up, trend-down and ranging.