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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Richard Estes who wrote (1743)	6/24/1997 10:04:00 PM
From: David Russell Coburn II	of 3325

The question is "do I feel the effort involved in deriving indicators is worth it?" It hasn't been as of yet in the sense of finding an ultimate trading system. I did come up with dahl_hanning and drc_21sma_134tsf which I like alot. I have actually traded drc_21 along with my standard S/R and ma stuff of course. I'm not sure if you could call this deriving though. I basically just experimented with alot of indicators already out there until I found a system utilizing them that fitted me and tested well. Testing thoroughly, is where you get the best return on your effort. (You get the credit for this) On the other hand, it has been well worth the effort in the since that I'm one of those hard heads that has to invent it myself before I can get a grip on it. There have been many times right here on the thread that I have made truely enlightened discoveries only to think back to posts in which you or someone else told me the very thing that "I just discovered". So when people give me things I often don't really get them until much later, I'm sorry to say. Believe me that I knew guys in school who could sit down and read a day or two before a test and ace it. I wasn't one of them. I had to work lots and lots of problems and I got very little out of class. That's what I mean when I say I'm a hard head. Surely I'm not the only one like this? So the effort does pay off in this sense. The probability of my finding a better system than one that has already been invented is very slim. So testing existing indicators and systems would probably be a better investment of your time and effort if the question is simply finding a good trading system. On the other hand writting indicators is alot of fun sometimes especially when the market is off etc.. Hows that for an indecisive answer.<g> David

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