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To my mind, this is one of the biggest questions in trading. Does
including fundamentals provide an additional edge? It certainly
seems plausible. If you're buying pullbacks, it makes sense that a
company with strong fundamentals is more likely to reverse to the
upside than a company with weak fundamentals.
The fact that something is plausible doesn't make it true. Like
everything, it needs to be tested, and that's what I'd be very
interested in hearing about. Even if someone doesn't have results to
share, I'd be interested in discussing ideas about HOW to do the
testing.
Wayne
--- In amibroker@xxxxxxxxxxxxxxx, "Claude Caruana"
<claudecaruana@xxxx> wrote:
> Hi all,
>
> I am an Amibroker user for a few weeks now and I must say it is
about to
> turn my trading method 180%.
>
> I initially purchased Amibroker to be able to generate optimal
signals for a
> watchlist of around 100 stocks which I have selected for their
fundumentals,
> however I am finding that my results work much better and more
consistently
> on the entire stock universe (The 7000 tickers I have loaded in my
db) than
> if I try running it on any watchlists containing less that 200
tickers.
>
> I find that, in general, the most reliable entry signals occur very
> infrequently, and hence, signals are too few and far apart to create
> consistent results when the basis is my 100 stock watchlist. If I
try to
> "loosen the parameters" and get an optimal number of signals for my
100
> stocks, then the system will not be as reliable as the one
with "tighter
> parameters" scanning the entire stock universe.
>
> Before I ditch my fundumental approach (which quite franky has yet
to give
> me positve results!) altogether and start using a technical-only
system, I
> would be very grateful if anybody could confirm whether my
observation about
> entry signals is normal, or whether I am missing something.
Finally, are
> there any of you out there who trade using technicals only?
>
> thanks for any feedback!
>
> Claude
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