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Strategies & Market Trends : Technical Analysis - Beginners
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To: shasta23 who wrote (8244)4/1/1998 2:41:00 PM
From: David R. Evans  Read Replies (2) of 12039
 
Hello All,

Always set up your system test to buy on the open of the NEXT DAY! That is reality. The numbers may not be as good but they will be more realistic.

Also remember that system test will only give you a guide line... Do not live and die by them. Now if say you are looking at StochRSI(14) and like its test results. You must then start to LOOK at the charts for the REAL entries and exits... There are many times when StochRSI(14) will cross up through 30 but only go up to say 50 or so. It will then drop down under 30 only to cross up through again and finish it's run. Now, in reality would you have stayed in for the entire trip or would you have jumped ship on the first sigh of trouble?

Another way to use the system test is to PROVE out your theories... You like StochRSI(14) and you like Dahl. Logic says that if these two are good alone they will be GREAT together right???? Well, put a system test together and see what it says. I bet you will be surprised at the results.....

Dave Evans
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