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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (9435)2/18/1999 6:10:00 PM
From: big run  Read Replies (1) of 12039
 
Richard...I spent some time looking over your system result and have a few questions and comments.

It produced alot of money but I'm looking at the avg win/avg loss ratio of 1.47. I look at this number as the risk/reward that I'd be taking. It seems like you'd want a number that's over 2, wouldn't you? I think this is an OB/OS or range breakout system, is it? It produces 54% winners and it looks like you exit on the 11th day if the sell signal isn't tripped.

One of my big hangups is always with the drawdown. This system seems huge at 460% of the avg win and ~1500% higher than the avg trade. Is this a large number for this type of system? I know I doubt if I could sit through that. Is there a 10% stop in the system? But then it could've come from one trade with a big gap down or something.

The indexes at the bottom I don't know what they're telling you. Do you use that information? I use supercharts and the system result screen is greatly different.

Is this a system you use today?

Thanks
Mike
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