Trader Tech Talk 019: Lee Leibfarth’s 4 Metrics For System Evaluation

This week’s podcast is an interview with Lee Leibfarth.  Lee is a programmer, author and educator, and co-owns PowerZone Trading with his business partner Jean Folger.  Lee has created some really amazing tools for traders, and has written many articles for the leading trading magazines, such as Futures Magazine, Technical Analysis of Stocks & Commodities, and Active Trader.Lee Leibfarth

Lee is both a consultant, doing projects for hire, as well as an entrepreneur writing tools and indicators that traders can purchase, so he’s a really good person to get to know.

In this episode, you are going to learn

  • The top 4 metrics you need to pay attention to when you’re evaluating a strategy’s performance
  • How to approach coding a new strategy
  • The 3 steps of testing a strategy
  • How often to re-tune a strategy after it’s been running

Resources for Lee Leibfarth and PowerZone Trading

Did you enjoy this article?
"Get my free programmer's checklist"
The checklist gives you step-by-step instructions on how to create the perfect automated trading system.

Comments

  1. Bob says

    John,

    The success rare is not the odds and the expectancy is not the average trade divided by the total profit as the interviewed individual claimed. It all sounded really strange.

    • says

      Hi Bob,
      Thanks for your comments about the trading metrics. I think there are various ways of calculating some of the metrics, and terms for different metrics are used interchangeably. That may explain the discrepancy.
      Thanks for listening!
      John

Leave a Reply

Your email address will not be published. Required fields are marked *