|
PureBytes Links
Trading Reference Links
|
Bill,
Yes I have, I never develop any system without back testing and
out of sample testing. It's like any other system I use in that it
does great on some stocks and not so great on others . I'm
convinced that systems that work, work on certain types of stocks
only. The problem is identifying those stocks ahead of time. That's
why after I find a stock I'm interested in from my Telescan searches,
I download the stock historical data, load 1500 days of data into
MetaStock and run a comparison on all my MetaStock Profit System
Tests. Typically the best test will give a few hundred percent return
over that period. However, If no test returns a 100% or better
profit, I delete that stock from my database. That means the profit
system test is the final screen for putting a stock in my database.
Then I change the indicators above the stock plot so it's obvious by
looking which test performed the best and that's the one I run for
updates.
Returns on the binary wave test for stocks in my database range
from a little over 100% to several hundred per cent. Sample returns
for a few of the stocks with the Binary Wave test follow:
ADEX 2 winners, 0 Losers 280% profit
COHU 6 winners, 4 Losers 653% profit
ESIO 6 winners, 4 Losers 478% profit
FRK 5 winners 4 Losers 132% profit
MLT 4 winners, 4 Losers 704% profit
RDC 5 winners, 4 Losers 276% profit
SMOD 2 winners 0 Losers, 150% profit
TSO 6 winners, 2 Losers, 237% profit
JIM
-----Original Message-----
From: Bill Saxon
To: Jim Greening
Date: Tuesday, March 03, 1998 9:53 AM
Subject: Binary testing
>Jim ...
>
>Have you tested your composite wave In System Tester? If so what
were
>the results?
>
>Thanks
|