Higher or lower values more desirable for each of the following metrics

[mandelmus]

On the left is a list of all currently available metrics.  On the right, I tried to identify whether "Higher" values or "Lower" values were more desirable.  I'm familiar with most of the metrics, but not all.  Please provide guidance on the metrics without the "Higher" or "Lower" designations.

Metric	Which is better?
% of Equity, Longest Drawdown	Lower
Account Return	Higher
Ave Annual P/L	Higher
Ave Annual Return	Higher
Ave Bars	depends on desired trade frequency
Ave Bars Loss	depends on desired trade frequency
Ave Bars Wins	depends on desired trade frequency
Ave Daily P/L	Higher
Ave Daily Return	Higher
Ave Drawdown	Lower
Ave Drawdown (%)	Lower
Ave Length, Drawdowns
Ave Length, Losses
Ave Length, Wins
Ave Leverage
Ave Loss	Higher
Ave Loss (%)	Higher
Ave MAE	Lower
Ave MAE (%)	Lower
Ave Monthly P/L	Higher
Ave Monthly Return	Higher
Ave Risk
Ave Risk (%)
Ave R-Mult
Ave R-Mult, Losses
Ave R-Mult, Wins
Ave Shares
Ave Trade	Higher
Ave Trade (%)	Higher
Ave Trades, Drawdowns	Lower
Ave Weekly P/L	Higher
Ave Weekly Return	Higher
Ave Win	Higher
Ave Win (%)	Higher
Complexity	Lower
Corr Coeff	Higher
Date, Max % Drawdown
Date, Max Drawdown
Drawdown	Lower
End, Longest Drawdown
Equity High	Higher
Equity Low	Higher
Final Equity	Higher
Fitness
Gross Loss	reported as negative value, so Higher
Gross Profit	Higher
Kelly f	Higher
Length, Max % Drawdown
Length, Max Drawdown
Longest Drawdown
Max Bars Back
Max Consec Losses	Lower
Max Consec Wins	Higher
Max Drawdown (%)	Lower
Max Flat Period
Max Leverage
Max Loss	reported as negative value, so Higher
Max Loss (%)	reported as negative value, so Higher
Max MAE	Lower
Max MAE (%)	Lower
Max Shares
Max Win	Higher
Max Win (%)	Higher
Min Shares
Net Profit	Higher
No. Drawdowns	Lower
No. Losses	Lower
No. Skipped
No. Trades	depends on desired trade frequency
No. Wins	Higher
Open Profit
Pct Wins	Higher
Prof Fact	Higher
Ratio L/S Profit	for L/S strategies, somewhere closer to the middle
Ratio L/S Trades	for L/S strategies, somewhere closer to the middle
Ret/DD Ratio	Higher
Risk of Ruin	Lower
R-Mult Std Dev
Sharpe Ratio	Higher
Significance	Higher
Start, Longest Drawdown
Total Net Profit	Higher
Trade Std Dev	Lower, but depends on strategy
Trade Std Dev (%)	Lower, but depends on strategy
Trades, Max % Drawdown
Trades, Max Drawdown
Win/Loss Ratio	Higher
Win/Loss Ratio (%)	Higher

[Michael R. Bryant]

To see which way it will be used, go to Metrics and click the Add button next to the Build Objectives box. Select a metric and you’ll see whether the default switches to Maximize of Minimize.

 

Mike Bryant

 

Subject: Higher or lower values more desirable for each of the following metrics