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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (8922)	7/11/2000 8:34:16 AM
From: Dave Bissett	Respond to of 39683

Do check it out...it's free for 2 weeks so nothing to lose. And the bugs aren't deal killers, just nuisances. Mainly, the programming window is teeny, a chart will occasionally travel out of margins, and if you set many alerts there's no way to sort them and they get difficult to find on the alert list. If their next release clears these things up the program will be much friendlier. Dave

To: Dr. Stoxx who wrote (8922)	7/11/2000 8:46:07 AM
From: Dave Bissett	Read Replies (1) \| Respond to of 39683

Here's an idea that I think would improve EOD results....if someone else has suggested it then please excuse the repitition. Use the EOD signal you're experimenting with to create a watch list, and then take the NEXT hourly signal to enter the trade. I've noticed that in order for an EOD signal to get generated the stock has to end the day at a relatively high price. Then when you go to enter the following morning you're looking at intraday indicators that are high. One has to wait for those intraday indicators to drop and then enter on their next signal in order to avoid the frequent immediate intraday loss incurred from entering on the EOD signal alone. There's a variation of this I read a research paper on that would work without the need to watch the intraday charts.... After getting an EOD signal look for a buy price X pts (or %) lower than that closing price. This also eliminates buying at the high that triggered the EOD signal. I actually read a detailed backtest of this little strategy some time ago that somebody had posted and the trader claimed that when he waited for that pullback to enter his profits increased 10%. Trouble is I can't remember the pullback value he used, but it was constant. Not a bad idea. Unfortunately my software won't allow a backtest of this because I can't manipulate the entry price this way. Maybe someone else can test it. Dave