Hi David: i may approach systems from a different philosophy, but i believe that being a good system it should work on all stocks, and when you refine the stock list it should increase the results.
i start system testing on all stocks, start changing time periods, determine the systems which provide the best results.
then retest with a small database(high rs/eps etc).
on recent tests broad based tests yielded 70-75% profitable trades, then refining the database to the appropriate type of stocks provides in the range of 80-90% profitable trades.
my system tests for shorts or bear markets have not been profitable, after running several hundred scans, i can't seem to find a consistent method of picking stocks which will go down.
i don't have Get, but i do have a couple Elliot wave programs. I did take note of the preference for wave 5 versus wave 3,expressed on the Get thread. I had only previously applied wave 3 signals(per ewa recommendations). when i did system testing the wave 5 signals were much more accurate(higher % of profitable trades, fewer signals to look at,etc).
the demark short system is about even on all stocks, i'm sure it would generate some profits on weaker stocks(low eps/rs), but i am really hoping to strengthen the system before i do any lengthy testing.
the system also seems to work poorly in combination with other indicators since a wave formation is the trigger in the signal,(the demark short uses such a long signal to trigger--time periods of other triggers aren't matching up)
befuddled,bewildered,confounded,confused,etc
thanks
peter |
