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

To: Richard Estes who wrote (8272)	4/4/1998 7:35:00 PM
From: Spots	Read Replies (1) \| Respond to of 12039

Richard, thanks. What you say about Metastock is true, in one sense, but in another I know my own learning methods. Going through procedures in detail by hand gives me a feel for them that I can't get in any other way. I'm not actually busy testing systems by hand; I just did a few manual tests to see what questions would arise in the process. Sure enough, the question of how to enter and exit was a major one. I concluded immediately that the next day was the only reasonable test, and first went to closing prices, then to opening, then to the daily high (entry) low (exit). I don't consider this time wasted. Once I'd generated a list of questions and understood other aspects, I abandoned manual testing -- haven't done one for weeks. In the last couple of days I have had most of the questions answered here, as a matter of fact. I'm still looking at lots of charts trying to see patterns, etc. Sure enough, it's occurring through a slow osmotic process, helped immensely by continuing background reading. On the other hand, I'm often guilty of trying to figure out too much for myself when getting some aid or expert advice would be more efficient. In this respect your point is well taken. I could probably use metatstock to good advantage. However, I haven't begun to reach the limits of QP yet, and I'm reading constantly and my understanding progresses daily; so it's a matter of resource allocation and priorities. Thanks again, Spots PS. Didn't miss thie points about win/loss amount, drawdown, and time in trade.