How to capture strategy performance in a normalized way

Here are the details of the strategies:

– There are around 20 strategies
– They all place 1 trade per day near the market open and close positions at market close
– All the positions are opened with stoploss / profit target prices with 1/3 ratio.

Given the above, I am thinking about treating the stoploss as the unit of measure and capture each position's P&L based on that. Something like the below

Strategy 1 -1 (stoploss hit)
Strategy 2 3 (take profit hit)
Strategy 3 1.35 (position closed at market close with some profit)
Strategy 4 -0.42 (position closed at market close with some loss)

Do you guys have any better idea to capture performances in a normalized way?

Submitted September 27, 2020 at 03:54PM by Kurdiez
via https://ift.tt/3igTJwd

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