We did a lot of testing of DNNS, and found that the best exits didn't use DNNS. I liked this:
mov(c,9,e)<mov(c,21,e) and ref(mov(c,9,e),-1)>ref(mov(c,21,e),-1)
But Webb liked:
ref(c,-1)<ref(mov(c,9,e),-1) ) AND
fml("Dave's New System") < 4
You have to be careful with DNNS, because it's only an attempt to create a binary system out of a step-by-step system created by Dave Evans. I think Dave really wants to catch StochRSI just as it's climbing over 30, but to make the binary system work, I had to give all the indicators time to catch up -- so I required only that StochRSI was over 30. In other words, the binary system might catch some stocks a bit late, when StochRSI is high. It's best to eyeball any stocks that DNNS does find. I think it's best used as a scan. The problem is that it's probably the slowest scan in the world. It takes forever in WOW. |
