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Hi,
The system I have developed seems to work well only in OB/OS
conditions. It does not work sometimes for continuation signals,
probably because the trend has come to an abrupt end. I have given
up on continuation signals because it is contrary to my trading
philosophy and common economic sense (Buy low, Sell high).
Continuation signals follow the rule: Buy high, sell higher and Sell
low, buy lower. Instead, I may add to positions when I encounter a
continuation signal...
A bull market in general goes for 5 1/2 weeks and a bear market for 3
weeks. It falls approximately twice faster than it goes up. My
system trades well in both markets, though tolerances are much higher
in bear markets to detect signals...
Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Howard Bandy" <howardbandy@xxxx>
wrote:
> Hi Pal --
>
> In my study of equity markets, I see that the length of time and of
> steepness of slope of rises is not symmetric with those of drops.
> Consequently, a system that is good at entering and exiting one may
not be
> good at entering and exiting the other. In general, it is more
difficult to
> design a system that is profitable on short trades. If a person
has a
> system he or she likes that is long only, works well in both up and
down
> markets, but does not capture all of the potential profit in each
trade, it
> will lose money if traded as a stop-and-reverse system.
>
> I've recently made a couple of posts to the Yahoo HolyGrailSM Group
> regarding this.
>
> Howard
>
> ----- original message follows ----
>
> Date: Wed, 24 Sep 2003 04:24:16 -0000
> From: "palsanand" <palsanand@xxxx>
> Subject: Re: Nasdaq pullback system
>
> Hi,
>
> Is there any reason why you just go long on a pullback and not
short
> on a rally?
>
> In my opinion, a system should be able to trade both sides of the
> market with equal accuracy before I would consider it robust.
>
>
> <<SNIP>>
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