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Mark,
Like your statictics....what did it show for 1day
exit ?
Anthony
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
MarkF2
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, July 10, 2003 2:13
PM
Subject: [amibroker] Finding Robust
Patterns (Dominick)
Dominick, Since most of my trading is with
patterns, let meshare a very simple but effective "big picture" way
oflooking at them with you. When testing a *long* pattern,
see how it does inbearish conditions on a large number of stocks
ofdifferent market caps. If it's not consistentlyprofitable,
drop it. If it is consistentlyprofitable, see if it does better in
ranging andbullish conditions. Use the same pattern for
alltests. If a pattern is truly robust and captures someinherent
element of market behavior, it should workunder varying conditions on
varying issues. Soundimpossible? I assure you it is
not.The pattern in Message 44020 that you were testingfailed the
first screen. I've attached a dotplot andsummary statistics for Net
% Profit after a 5 day exiton the 600 S&P smallcap stocks from Mar00
-- Mar03. Each data point represents the Net % Profit of onestock (in
decimal form, so .4 = 40%), although therewere almost 11,000 total
trades. The pattern did alittle better with faster exits and under
bullishconditions. It did slightly worse on midcaps
andlargecaps.Not to sound like a commercial, but AmiBroker
makesthis kind of analysis incredibly fast and easy. Run aquick
test, copy & paste the results, and graph. Ofcourse any number
of variations is
possible...Mark__________________________________Do
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