“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” – Sun Tzu, The Art of War
I am going to bang a drum, that I have banged on a few times before.
Brokers … we need something that sums up everything in one, nice and neat package. Percentage performance for a periodicity. Maximum Drawdown for that same periodicity. Calmar Ratios, Sharpe Ratios, and Sortino Ratios.
Which leads me to the point I want to make.
How do you want to measure performance? Because there are a few ways to measure it.
And what is the single ‘best’ strategy?