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Hi Glen
If you look at the stacked column chart that I posted on the May 13th ...
you'll see that nothing stands out. Aside from a few outliers, most of the
trades fall in the $40 to -$40 range. Just a normal distribution ... no
advantage ... no inefficiency ... no edge.
To others who wrote ... once you've run the basic "events" you can start
combining them with other events or indicators.
You can also test basic "event" days such as gov't report days , etc.
Best regards
Walter
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Sent: Thursday, May 11, 2000 2:49 PM
Subject: Re: engulfingbear()
| Walter:
|
| For those of us not as versed in left-skewed, leptokurtic distributions,
are
| you concluding that the EngulfingBear is not a good judge of down-moves in
| Sugar?
|
|
| ----- Original Message -----
| From: "Walter Lake" <wlake@xxxxxxxxx>
| To: <metastock@xxxxxxxxxxxxx>
| Sent: Thursday, May 11, 2000 7:43 AM
| Subject: Re: engulfingbear()
|
| > Thanks for your emails
| >
| > Here's a 15 Days-in-Trade histogram for "EngulfingBear()"
| >
| > The profit bins are across the bottom and the number of trades is down
the
| > left side.
| >
| > Kurtosis is 0.578
| > Skewness is 0.233
| >
| > The sorted Profit per trade chart shows the outliers at either end.
| >
| > Best regards
| >
| > Walter
|
|
|