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<SPAN
class=468263723-30102003>steve, thanks for sharing this
(again).
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>just for my understanding, in what sense is this system
"robust"?
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>is it because results are similar with different
similar periods and thresholds? that seems unlikely, since there isn't very far
to go from 5 to hit 1 and 0, which I'd guess are significantly different. what
sort of testing led you to decide on this period and threshold, and this system
for that matter?
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>is it robust because it works well on many stocks,
indexes and funds over a long period of time?
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>because of the concepts behind the indicator
itself?
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>something else?
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>I'm not disputing the system's value, which I haven't
tested yet. I'm trying to understand what kind of process you go through to
settle on a system and settings.
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>thanks,
<SPAN
class=468263723-30102003>
<SPAN
class=468263723-30102003>dave
<SPAN
class=468263723-30102003>
<BLOCKQUOTE
>
1. This exact system was presented over a
year ago at this forum
2. The charts are OOS (since, it's been
posted publicly forever)
3. Rules are simple: Buy the opening
of the next day when the CMO5 closes below -34 and sell when it triggers above
34.
Works on most issues (raw). Works better
if:
a. You take trades only with the
trend
b. You protect yourself from large
drawdowns (stop)
c. You conjure a profit target
(limit)
d. You put in a time stop
This is the guts of an indicator and a logical
systematic approach. Whistles and bells are optional (but, in my opinion
necessary). Again, if you start with a pig, the prom dress doesn't make
it look any better. Don't hang ornaments on a twisted Christmas
tree.
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