Hello traders,
I have create a new video about the new criteria in EA Studio, called R – Squared. The video is called:
YouTube video: EA Studio updates: R – squared
In this video you will learn what R – squared is, and how useful it is in EA Studio.
R – squared statistically is regression line with many points around:
The value in EA Studio is from 0 to 100. The more points are on the line, the bigger number we have for R – squared.
Zero is when we do not have any points on the regression line, and 100 is when we have all the points on the line. In algorithmic trading this means that we would have only 2 orders, which will form the perfect line. In order to avoid that, we need to combine it with min count of trades.
If we use the R – squared in Search best, we can get strategies with great Equity lines. Specially if we combine it with Out Of Sample:
