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Strategies & Market Trends : Technical Analysis- Indicators & Systems -- Ignore unavailable to you. Want to Upgrade?

To: Loren who wrote (2984)	2/8/1998 9:14:00 PM
From: Loren	Read Replies (1) \| Respond to of 3325

To All - Well, several of the more active members of this thread as well as the 'TA-Beginners' thread are gone, at least for now. I hope they decide to come back, but in the meantime, let's try the keep the learning/sharing going! I still have an interest in the systems area... a. Are you using a system. I mean, really using it? b. What are the entrance/exit rules? c. Are the exit rules based only on indicators, or are you also using protective stops? d. What are your results? Like, # of trades, % winning, % profit, %rate of return, etc. As good as these threads have been, I've seen very little in terms of benchmarking of systems, or sharing of actual results. Can we do this some? Thanks... Loren

To: Loren who wrote (2984)	2/8/1998 9:28:00 PM
From: Jurgen	Read Replies (1) \| Respond to of 3325

I guess you mean "The new Technical Trader" from Tushar S. Chande and Stanley Kroll. It covers VIDYA, CMO, StochRSI and many other indicators in depth. The last section deals with risk control and trade management. Chande explanes an approach called MAE/MFE (maximum adverse excursion / maximum favorable excursion). The idea: analyze your trades and look at the highest loss a finally profitable trade develops (MAE) or the highest gain a losing trade shows (MFE). If a trade rises above MFE it is likely to mature into a profitable one. If it falls below your average MAE, you should consider a stop loss. I like the book. It's not cheap (ISBN 0-471-59780-5, $64.95 list, 197 pages) but worth it. good luck five