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Not sure about this Ron. If you can't enter/exit at specific prices, it
pretty much rules out shorter timeframe stock trading (like positions of
a week or less).
And since you are now restricting yourself to intermediate to long term
positions based on stock selection to govern your entry, you can not
do any kind of real performance assessment without a system tester
which can test multiple securities. Since these are now intermediate to
longer term positions and a "signal" for such an entry
occurs infrequently there will not be a satisfactory number of trades
for one market/stock to gauge performance. So, you must test on a large
number of markets/stocks to reach any kind of statistically sound
conclusion.
One at a time or in automated operation? I'd take automated.
TK
> Michel,
>
> You test multiple securities one at a time in Metastock.
>
> You can test multiple securities with other software such as AIQ and Technifilter Plus
> in one automation. See www.aiq.com and www.rtrsoftware.com for further information
> about trial offers, costs, and limitations.
>
> Frankly, I think it is a waste to time to do the optimization. Also, even if you could
> use buy/sell stops, most systems when backtested would have at least one or two
> entries/exits that would not be possible to execute in the real market which, in turn,
> invalidates your backtesting results.
>
> Use the standard exit techniques (read Lebeau's book) and focus on security selection which is more valuable. Start with
> comparative relative strength as your primary filter.
>
> Thanks,
>
>
> Ron Stockstill
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Michel Amelinckx
> Sent: Monday, April 10, 2000 5:39 PM
> To: Metastock User List (E-mail)
> Subject: Test Multiple securities
>
> Hello,
>
> Does anybody know a way how to test a system on MULTIPLE SECURITIES in MS. The system enters with a stop order
> and thus NOT at open or close ! And would like to fine-tune my exits through optimisation. I'm getting pretty desperate, I've
> been waiting for some years now hoping MS would add simple features like these. So if anybody has a suggestion I like to
> hear it. I can't believe that this is not possible in MS and don't you guys are in need for such features ? This I can't believe
> that nobody complained until now, or is MS for average to beginning traders/investors and should I look for an other
> program. What about Supercharts, is this possible in Supercharts.
>
> I thank you in advance
> Michel
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