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I, for one, appreciate your posts, Jeff. Keep 'em coming, please. If you
have the time, I would appreciate it if you could translate the system into
English. I don't have a copy of metastock. I'm following this newsgroup
for trading ideas such as yours. I'm using trying to use TradeStation with
minimal success since I "upgraded" to TS 2000i -- but that's another,
longer, sad story. -uf
At 05:50 PM 11/27/1999 -0500, Jeff wrote:
>Michael:
>
>You do not say in your post what you tested the system on or what the return
>generated was. My purpose in making my posts has been to generate
>discussion of a system that I have been successful in using. It may be that
>some individuals are not psychologically suited to trade this system.
>
>The system is a trend follower that appears to get you in at the early in a
>trend. If the trend breaks down for any reason, the system seems to take
>you out with relatively little pain, and there is a relatively high
>percentage of losing trades (usually around 50%). Therefore, the system
>seems to perform best on issues that are prone to make prolonged moves. The
>trick is to find those issues. I do admit that the system is not perfect;
>for instance, it is my belief that the exit could be improved on winners to
>preserve more profit. However, I've been unable to develop an alternative
>exit that improves the system return.
>
>I've posted the results of this system that have been generated over the
>past two months and believe they speak for themselves. The results
>should've, at least, been interesting enough to generate a little more
>discussion than they have up until now. I've been trading this system
>myself for about a year and have had good results. Even in the
>April-September period when everything seemed to stall and move sideways, I
>was, at least able to hold my own and maintain my capital until the October
>break-aways started to occur. For awhile, until I got bored with it, I
>phantom traded this system in the Yahoo Investment Challenge. I typically
>made about 20% a month using the system in that venue.
>
>At any rate, I take it from your comments that you are not thrilled with the
>system. That's OK. If the general feeling of the group is such that they
>would rather not see my posts, that's OK too. Just let me know and I'll
>quietly crawl back into my hole. But in case you, or anyone else is
>interested, the following is the system as I use it.
>
>Buy
>
>n :=opt2{Time periods};
>
>BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);
>
>Cross(CLOSE,bullfear) AND
>DX(10) > opt1
>
>Sell
>
>n :=opt2{Time periods};
>
>BearFear := (HHV(LOW,n) - LLV(LOW,n))/2 + LLV(LOW,n);
>
>CLOSE < bearfear
>
>Optimize the time periods from 10 to 50 in increments of 1 while testing the
>DX from 5 to 30 in increments of 5 (you can do it in increments of 1 but it
>takes longer). Once the Optimal time period is determined in this manner,
>then retest with the determined optimal time period and the DX in increments
>of 1. Note that this system is intended to be a stop and reverse system and
>you can use it to go short as well if you'd like to.
>
>Well, that's about all I have to say on the subject.
>
>Good trading
>Jeff
>
>-----Original Message-----
>From: michael arnoldi <marnoldi@xxxxxxxxxxxxx>
>To: A METASTOCK GROUP <metastock@xxxxxxxxxxxxx>
>Date: Saturday, November 27, 1999 12:50 PM
>Subject: bull/bear fear- tested
>
>
> >i hope that the formula is wrong, this is what i used, and did a test
> >using opt1 instead of n:
> >BUY
> >BullFear := (HHV(HIGH,opt1) - LLV(HIGH,opt1))/2 + LLV(HIGH,opt1);
> >Cross(CLOSE,BullFear)
> >
> >SELL
> >BearFear := (HHV(LOW,opt1) - LLV(LOW,opt1))/2 + LLV(LOW,opt1);
> >Cross(BearFear,CLOSE)
> >
> >opt1=10 to 30 with 1 point increments
> >
> >result 7 trades with 11 losses.
> >
> >not a system i would use.
> >comments are welcome.
> >
> >mike arnoldi
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