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Moishe:
I have found that the system tester can only be used as a guide.
If you optimize the parameters over a range of data, they may not work for a
different time period.
When selecting the "optimal parameters" dont select the "best" one if it is
an outlier. Select the parameters that have nearby parameters that also
give "good" results. This will give you stable and better parameters. Try
them out and reoptimize every few months.
In some cases, and this applies to any software, the default parameters are
very poor, use those that you think are better.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Moshe Shalom <moshe_shalom@xxxxxxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 13, 2000 3:53 AM
Subject: Indicators
> Hi Wisers,
>
> I am trying to set the optimum parameters for the major indicators
available
> in MS and it becoming a nightmare. The tester is giving results so far
from
> the defaults and from the numbers that I see mentioned in different
sources
> of information that I begin to think that maybe I am going in the wrong
way.
>
> Could anyone help me on that? I need a systematic way to define the best
set
> of parameters for Stocks, Indexes and currencies. I would like to use, as
> possible, the same for all in the same category.
>
> The indicators that I am talking about are: MACD, Stochastic (80-20),
> Momentum, RSI (80-40) and M.A crossovers.
>
> Many thanks in advance,
>
> Moshe Shalom
> Israel
>
>
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