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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?


To: Nine_USA who wrote (6080)8/21/1998 1:35:00 PM
From: Richard Estes  Read Replies (1) | Respond to of 11149
 
The whole key is in your stock selection. There is no guarantee of a 5-10 output from a scan. Depending on what you do within the scan, you may have 100s of stocks. While funnymental data is rather static because of quarterly reporting, technical scans can change the output daily. you set up a buy and hold type affair here, with no exits established.

For the type thing you are trying to do, a spreadsheet application would be best. But I am not sure the results would be meaningful. If you developed a buy/sell TA system then you test its value, not the hedged aspects. If you go short and stay short with the same stock as a sell and hold, What tells you to cover?

While a number do extensive backtesting in QP2 or other programs, more suited to testing, I am unaware of anyone attempting this type of testing. Keep working with it and think of using Excel for reports and charts.



To: Nine_USA who wrote (6080)8/21/1998 1:35:00 PM
From: Sean W. Smith  Read Replies (1) | Respond to of 11149
 
Herb,

OK its makes more sense now. The reports on the individual stocks can easily be done in QP. The reports could be generated in perl or excel. Doesn't sound too hard.... I would start with generating the daily performance reports on the long and short stocks in QP. Look at Andy's HOTMACD to get an idea of how you can generate backtest results and/or cunlative totals in QP.

Sean