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Steve:
Some early IBM PC system writer once told me virtually the same thing, when
talking about optizing several indicators to provide signals.
He said, in essence: You are looking for too much. The market won't do that
for you. I don't think you should trade it. Why not pick a number for a
moving average, and leave it alone. Try to build some predictability in your
approach".
I never forgot that. I guess the main reason I remembered it was that he
said he was managing 9 figures that way.
Just a fragment of my recollection, for your possible interest, as it tends
to validate, or correspond to your last comment on fixed extreme signal
numbers.
I hope you are not insulted by my referring to your customized CMO as a
moving agerage. I didn't mean to belittle your discovery. It just seems that
to some extent all numerical studies that average out a result have a
general significance for the period of time they treat.
Congratulations on a successful record of results.
Mike
-----Original Message-----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, September 05, 1999 1:06 PM
Subject: Re: CocoLoco rides again
>List,
>
>Over the last six months I've been using -85 and +5 as the trigger points
>for my trades. Use what feels comfortable, but my clients have enjoyed
>profits from the above numbers. Keep in mind that any major adjustment to
>the trend channel will probably cut into profit potential using these
>numbers. This past year I have moved away from optimized variable and with
>my quest for the Wholly Grail have standardized all my analysis with simple
>overbought/oversold criteria. I continue to post the CocoLoco because I
>continue to trade it for the posse and they demand that I trade it until we
>lose sight of the trail.
>
>Steve Karnish
>CCT
>
>----------
>> From: Craig Monroe <cmonroe@xxxxxxxxxx>
>> To: List <realtraders@xxxxxxxxxxxx>; metastock@xxxxxxxxxxxxx
>> Subject: Re: CocoLoco rides again
>> Date: Saturday, September 04, 1999 10:09 AM
>>
>> Here's the metastock formula for FibCMO: (CMO(C,3)+CMO(C,5)+CMO(C,8))/3
>>
>> go long when the indicator penetrates -70; go short when it climbs above
>> zero.
>>
>
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