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Ian,
Thanks for the attachment. I'm not sure if you picked up on the subtlety of
what I am proposing. I scanned over the document you sent me, but did not
see the "added value" I am proposing.
I may not have been clear in the first note. Here goes again. And I think
that this (the first step) may be the most important point.
The first step is to identify a profitable system. I am suggesting that you
perform individual (automated) tests with your "favorite" system tests. (for
example, MA Crossover, RSI, CMO, etc)... up to 10 different systems). These
should be BW indicators like the one you sent in the attachment.
OK, now I backtest and find that only #2 and #7 are profitable. With Jim
Greening's system, I have to create a whole new system (i.e. one containing
only BW systems # 2 and #7) for each market. My proposal is this...
You can use Binary math (NOT BINARY WAVE) to put together a system which
will select ONLY #2 and #7 based upon an input you select at the beginning
of the test. Why is this valuable? Because you can use the EXACT SAME
ADAPTABLE SYSTEM to test every one of your markets.
For example, another market (i.e. Yahoo stock) performs well using
indicators 3, 4, and 6. By entering the appropriate number at the beginning
of your system/exploration, only 3,4, and 6 will be used in the Binary Wave
Calculation. An easy way of keeping track of the systems is to keep the
system selection # in the name of the market/security.
Look again at my original note to see details of how this works.
I will post an example to the list as soon as my schedule allows.
Thanks again for all you help.
David
Each one represents (basically) a single indicator.
From: "Ian Burgoyne" <iburgy@xxxxxxxxxxx>
To: dbozkurtian@xxxxxxxxxxx
Subject: Binary Wave System Test
Date: Fri, 11 Feb 2000 12:47:53 EST
David, attached is Jim Greening's item on a binary wave system test. It's a
Word.doc
regards
Ian
<< BinaryWaveSystemTestforMetaStock.doc >>
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