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Dimitris
Many thanks for the information, advice and comments.
Much appreciated.
I will test my systems with equity moving averages.
Regards
Jim
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Just one note : This equity improvement is good for slow systems
> [less than 10 trades per year]. For medium or fast systems you have
> many expenses due to exit/reentry commissions.
> It is also my personal advice : If the equity line of your favorite
> system falls below its 30/40 day MA, it is better to stay out. The
> system looks good for you, promissing perhaps, but, you are going
to
> pay some money for this preference !!
> Now, when you check a new system, take a look to the percentage of
> the time your Equity was below its MA. It is expressed as
> tb=100*cum(Equity()<MA(Equity(),30))/cum(1);
> If it is >50%, forget the system and move quickly to the next step.
> Between 30% and 50% there are some slight chances to win, if you
> apply with discipline the exit rules [we all know this is the most
> difficult part, we usually want to stay one more day...]
> For tb<30%, you are in front of an interesting trading idea and you
> have reasons to make further investigation. When we are below our
> Equity MA, we usually make some small additional mistakes. It would
> be better to avoid them ASAP...
> Dimitris Tsokakis
> --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
<ajf1111@xxxx>
> wrote:
> > Jim,
> >
> > I found a post related to your topic.
> >
> > Message # 21807.....
> >
> >
> > ---
> > Outgoing mail is certified Virus Free.
> > Checked by AVG anti-virus system (http://www.grisoft.com).
> > Version: 6.0.511 / Virus Database: 308 - Release Date: 8/18/2003
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