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Megan Ratio - Maximum Exponential Growth Annualized
Megan ratio is a performance metric that can be used to assess and compare different trading system results. Megan ratio was introduced in an article in the Stock and Commodities magazine by Oscar G. Cagigas and it stands for maximum exponential growth annualized.
This money management script calculates the Megan ratio of your trading system and displays the result in the simulation report table as well as in the "Statistics" tab. It displays 2 metrics: The geometric mean and the Megan ratio.
Megan ratio algorithm simulates reinvestment of profits and allows the trader to get a better view of how different systems compare when profits are reinvested. This assumes that your trading system doesn't reinvest profits. The higher the Megan ratio is the better the trading system performance when you reinvest the profits it generates.
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.