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

To: TA2K who wrote (9663)	3/2/1999 11:18:00 PM
From: Dave O.	Respond to of 12039

< The ultimate objective in system testing is to find a generalizable system that produces all wins and no losses, and that realizes the largest amount of profit with the fewest number of trades. > No system will produce 100% winning trades. I know people who are right less than 50% of the time who do fine. I tend to trade shorter term, take smaller profits and have about 70% winners. As far as your point of focusing on a minimum number of trades, I don't think about how many trades I execute. I buy/sell when my system indicates such. Commissions are all but irrelevant costwise. Dave

To: TA2K who wrote (9663)	3/3/1999 12:39:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

You have seen many answers to your questions. Now what is it you don't understand? Have you ever listened to anyone in your entire life? If you don't like the answers quit asking the questions. Your propositions, assumptions, findings have all been wrong. There is no perfect system. For the 100th time, the system you need is the one that fits your style/mindset. It will be built on your assumptions or perspective. Your "ultimate" objective is to find one you trust because you know what it will do in the long term and will act on it. How many and what books have you read on TA? Did you ever read o'neil? You put a system up? what was it? How did it perform on other stocks? When did you set the buy and sell times in MSWIN? What data source are you using? Are you trading market right now? how do you make your decisions? What systems avail at SI or Equis have you tested competely? Are you still going to get rich off 3-5 day trades? Why don't you answer questions, rather than ask them starting from your assumptions? What was this BS about? "'CENTRAL TENDENCY' and the 'THEORY OF LARGE NUMBERS'"

To: TA2K who wrote (9663)	3/3/1999 9:00:00 AM
From: David R. Evans	Respond to of 12039

No, you are all wrong...... System testing is done to give you an IDEA of what a system will do when used correctly.... It will tell you the number of trades you can expect, the percentage of winners you can expect and the amount of time you can expect to spend in an average trade. ALL of these elements MUST be considered when looking at a system to trade with....... I can tell you right now that Dahl will test out better then MACD (8-17-9).... The problem with Dahl is many people can not or will not hang onto a stock for that long of a trade. They will also have a problem with the give-back on the tail end of the trade...... It all gets back to WHY ARE YOU TRADING in the first place????? Are you there just to make money or are you looking for enjoyment and/or excitement???? Do you want to trade every day, every week, or every month???? If you try to trade live before you answer ALL of these questions you might as well leave your money at the door!!! Dave Evans