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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (7518)1/4/1998 4:54:00 PM
From: Loren  Read Replies (3) of 12039
 
David -

I agree that a system should not have to work well with all stocks to be usable. If it works very well with a certain type of stocks (e.g., RS>xx, or Value Line Timeliness=1), then use it.

My question to you is, did you do anything special to determine that you should be using 80/80's, vs. some other kind of stock?

Also, I have a benchmarking question. I apply a DMI/ADX system on weekly data, using Omega Research's SuperCharts. I recently used SC's system optimization routines and Excel to determine the best settings for this system. On the 70 high-growth stocks I looked at, my best system gave the following results:

8.3% average profit/trade
50.5% winning trades
9.7 weeks average trade length
54% rate of return

Would you guys consider this to be good, or just so-so?

Loren
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