Once a strategy has been built, backtesting a strategy before automated trading to understand how the strategy works over many years of data and trades can be viewed in the Tradestation Performance Summary.
The Tradestation Performance Summary will give important statistics that will give a view of the risk as well as the potential profit. While past performance isn't indictive of future results, starting with a starting with a strategy offers us a framework of risk and expectations so that when live trading occurs, we can know how to manage and stay with a strategy.
Performance statistics include:
Total Net Profit
Gross Profit
Gross Loss
Profit Factor
Total Number of Trades
Winning Trades
Losing Trades
Even Trades
Average Trade Net Profit
Ratio Average Win to Average Loss
Largest Winning Trade
Largest Losing Trade
Net Profit as a Percentage of Largest Loss
Maximum Consecutive Winning Trades
Maximum Consecutive Losing Trades
Average Bars in Winning Trades
Average Bars in Losing Trades
Return on Initial Capital
Return Retracement Ratio
Sharpe Ratio
RINA Index
K-Ratio
Trading Period
Percent of Time in the Market
Time in the Market
Longest Flat Period
Maximum Drawdown
and many more.
There is a Performance Summary, Trade Analysis, Trade List, Periodical Returns, Performance Graphs, Trades Graphs, and Settings tabs.