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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who wrote (11388)6/15/2003 1:58:09 AM
From: Sojourner Smith   of 11447
 
Do you think there are any patterns?
I have seen the "Oops" system or gap up and gap down
system backtested and performs in th 80% correct range.
That pattern produced about 16% last year.
However, I have backtested many common indicators and even
if they are right 80% of the time, the one whopper mistake
can wipe out the gains. But like I said that can be resolved somewhat by money management techniques.
Stop losses however can also undo a system.

If don't you think there are any patterns, then you would be right but before you completely judge look at some of the
success stories from Ward systems.
One college student came up with a neural net that produced 300% in 6 months and he was hired by Banc of America. One Phd used a the race track and I think he produced over 1,000% in a year and Marc Chaikin of the indicator fame said his neural nets out produce everything he has done to date. That product that anyone can by is used by many
companies. One I remember is John Deere Financial.
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