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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: David R. Evans who wrote (816)	9/18/1997 12:04:00 AM
From: Tim Fierro	of 3325

If you discover that your system is not getting you out at the right times OR you are not following it's sells, you need to develop another exit. I found this in your April post as I am reading all I can on TA to learn; and this seemed like a nice place for a question on this notion. EXAMPLE ONLY; not a real system test <g> Buy -> Formula DNS Sell -> Formula StochRSI(14) What I illustrate is one 'could' come up with a formula that times the entry correctly, but needs a different formula to really get out at the proper time. I was thinking that a system would need the same formula indicators for entry and exit and your thought on this kind of triggered something in me to think about this. I have been playing around here with system tests and noticing the charts for some code I put in is showing positive signs on entry, but exit is WAY TOO QUICK to be profitable. Using your statement of finding the right formula for exit could be that I need a completely different formula for exiting and then back to the drawing boards to see if the system test with the entry and NEW exit work the way I trade to be profitable. Thank you. Tim

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