I’ve been having a think about the Experience metric and thought I’d float some ideas I’ve had. Just a disclosure. I massively dislike this metric, as I’ll explain, but I have been an active trader for 7 years and an active automated trader for almost 4 years yet when I start a new Darwin I have experience of 0. This I feel unfairly penalises people who do the right thing and start a new account for a new strategy rather than just re-use another account to get an instantly high experience score. This is what’s made me think of the suggestions below.
Firstly a rename, I don’t think ‘Experience’ is a good representation of what it really means. It is a good metric for showing a strategy has been working over time but I don’t think ‘experience’ really describes it well. I was going to suggest ‘activity’ instead as I feel that is a more accurate representation of what it is really showing, market activity over a certain time period.
Secondly, make it a two-way metric. Currently experience can only go up, as a result anyone can migrate any old account they’ve been using for a few months and get an instantly high score even if it wasn’t the same strategy, the results will be different but it will improve their overall scores. My suggestion ties in with ‘activity’ where if the account is inactive for say 1 month, every month after that it looses 1 experience score to show it is inactive. I would measure inactivity as no existing positions and no new positions in a month. It’s rare but some accounts can be inactive for a period of time but still keep high Experience scores.
Hope I’ve explained that and I’m looking foreword to see what everyone would think, even if everyone disagrees with me