This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
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This money management script calculates the 1-bar return for the strategy's equity curve and the benchmark you provide in the money management inputs. It then compares the values and adds the percentage of bars the equity curve is performing better than the benchmark in the trading system report table.
The percentage value is displayed in the column named "AboveBench". A value above 50% means that on average the trading system is performing better than the benchmark.
To define the benchmark, simply type a ticker symbol in the "Benchmark" field in the "Money management Variables" panel that is displayed on the right after you select a trading system.
You can for example, use SPY (S&P Index) or IWM (Russell 2000 Index) as benchmark. But make sure you download data for this benchmark first before adding this money management script to your trading system.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.