Thank you so much for joining the discussion!
@CavaliereVerde I knew you'd be the one to start the "timing" debate
Before going into detail, I will briefly explain how the Timing attribute works (I'd highly recommend watching
this webinar on Timing to those who haven't watched it yet!).
The Timing Attribute measures how good your entry & exit decisions are (i.e., would your trade have performed better if you had opened it earlier / later? Similarly, would it have performed better if you had closed it earlier / later?).
In that sense, the results are unambiguous: if you nail the entry & exit decisions (i.e. score of 10 in Timing),
no matter the trading style, you are better off than if you had made worse entry / exit decisions.
@CavaliereVerde states that the Timing is
I hope you agree that a momentum and breakout strategy with a good Timing score is better than a momentum and breakout strategy with a low Timing score.
In fact, as
@CortoMaltese states, according to our quants' backtests, strategies with a good Performance score AND a good Timing score perform better in the long term than strategies with just a good Performance score (and a bad Timing score).
The discussion is hence not about the Timing attribute itself, which is arguably the most accurate of all the attributes, the discussion is rather about
the weight granted to each attribute in the overall score and the different levels.
If I understood it correctly, by "limit the evolution"
@Yofxtrader means to get stuck in a given level because of a low score in a specific attribute.
I think it is useful, but I really don't know if it is fair to limit the evolution of a trader in Darwinex because of this attribute, since it is known that some strategies will always have a bad rate here.
The "problem" is hence not the attribute itself, but the importance you deem each attribute should have... and we understand each investor may value each attribute in a different way than we do.
For that specific reason, we provide investors with tools and statistics so they can choose their own rules to pick DARWINS, regardless of the score / level granted by Darwinex. For instance,
@CavaliereVerde if you deem that timing is not relevant in case of swing traders, you can check the average trade duration of a strategy to determine if a low Timing score is relevant for that specific strategy.
That being said, we understand (and agree) that
it's time to review the levels. Back when we started years ago, the Darwinex Score (formerly TradeSlide score) was intended to: 1. Rate trading strategies and 2. Serve as a roadmap for traders to improve their trading
Our community has grown since then and we understand that our users' needs have changed, too. This is why we are currently working on a new framework where "levels" will no longer be available. Investors will be able to set up their own filters and choose the DARWINS by whatever characteristics they like. As you can imagine, this is a major change that will take some months, please be patient.
A more detailed post on this will follow