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Strategies & Market Trends : TA-Quotes Plus
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To: Richard Estes who wrote (7800)11/15/1998 2:04:00 PM
From: Debra Orlow  Read Replies (1) of 11149
 
Richard, thanks for your thoughts. Let me tell you a little more about my "system".

I do use end-of-day data to trigger buy/sell signals based on certain indicators. But I will ONLY enter a trade if I can get a certain price in the next 2 days. That price may or may not be realistic based on the trigger day's close. But to arbitrarily say that I will buy/sell on the next day's open is not even close to reality for me. And to even begin to think that I might get the high/low the next day means absolutely nothing to a system that you don't even know the high or the low until the end of that day. This is where it gets pretty bizarre. But you already alluded to that fact.

Anyway, I understand your thoughts on how to use these tests for system comparables. But it really does me no good to say that I would enter/exit a trade, regardless of which system I am using, if my point of entry/exit would never have been hit in the first place. And this is where I think these tests are HORRIBLY lacking. I cannot compare systems where the point of entry might be an integral part of one of those specific systems.

What I have been tediously doing is using the "Expert Advisor" platform in MS to at least give me trigger days, then seeing if my pre-established point would have been hit in reality, and then tabulating the results in a follow-thru fashion. I cannot possibly get the statistical numbers that I would like in a computer-generated result form due to the time involved, and it drives me nuts to think that I cannot set it up in such a way that I could get what I want. I just need to know that that's all that is available to me.

But that's life.

Again, thanks for the thoughts. Please add if you can, your responses are greatly appreciated. Debra
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