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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris G. who wrote (7501)	1/13/1998 7:28:00 PM
From: David R. Evans	Read Replies (1) of 12039

Hello Chris, I'm replying to an "OLD" post here. It's one I lost track of but wanted to finally got to. You had questions about system testing concerning multiple indicators and %'s. First off, I use BOTH percentages AND POINTS when I system test. The concerns you raised in the post were addressed by others so I will not go into a lot of detain BUT I think it's important for you to do it both ways to get familiar with your system... Example: If you are just looking at the percentages you may lose track of what your system is giving you. You may be playing low priced stocks and not realize that your system will get you out after a 1/2 point jump. You might get greedy and stay too long which eventually will give that 1/2 point back with interest. Look at the percentages THEN look at the points so you get use to what your system is doing. As far as mixing indicators, I do it all the time. I have StochRSI (14) in MSWIN at least 20 times. Each time it's mixed with different indicators so I can get a feel for the combinations. I have system test that give a buy only when Dahl is long and StochRSI (14) gives a buy AND I have StochRSI (14) buys only when Dahl is short... Yes, there are limits to what you can do with the system test and I do not recommend you live and die with them BUT I would not trade a system unless I have system tested it is many different situations. Does this help?? Dave Evans

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