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<DIV><FONT face=Arial size=2>Guy</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>What criteria do you use to exit a trade that
goes against you?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>John Manasco</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Guy Tann </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, April 10, 2000 10:50
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: Money Management Stops</DIV>
<DIV><BR></DIV>
<DIV class=Section1>
<P class=MsoNormal><SPAN class=EmailStyle15><FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">We
don’t use any stops in our trading which means that some bad trades can be
very expensive.<SPAN style="mso-spacerun: yes"> </SPAN>Stops will only
mess up your system, unless you used stops when systems testing.<SPAN
style="mso-spacerun: yes"> </SPAN>We don’t use stops in testing our
system and we don’t use any stops in trading
it.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=MsoNormal><SPAN class=EmailStyle15><FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><![if !supportEmptyParas]> <![endif]><o:p></o:p></SPAN></FONT></SPAN></P>
<P class=MsoNormal><SPAN class=EmailStyle15><FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">Just
my opinion.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=MsoNormal><SPAN class=EmailStyle15><FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><![if !supportEmptyParas]> <![endif]><o:p></o:p></SPAN></FONT></SPAN></P>
<P class=MsoAutoSig><!--[if supportFields]><span class=EmailStyle15><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'><span style='mso-element:field-begin'></span><span
style="mso-spacerun: yes"> </span>AUTOTEXTLIST \s "E-mail
Signature" <span style='mso-element:field-separator'></span></span></font></span><![endif]--><FONT
color=navy><SPAN style="COLOR: navy">Guy</SPAN></FONT><FONT color=navy><SPAN
style="COLOR: navy; mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=MsoAutoSig><FONT color=navy face="Times New Roman" size=3><SPAN
style="COLOR: navy; FONT-SIZE: 12pt"><![if !supportEmptyParas]> <![endif]></SPAN></FONT><FONT
color=navy><SPAN
style="COLOR: navy; mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal><!--[if supportFields]><span class=EmailStyle15><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'><span style='mso-element:field-end'></span></span></font></span><![endif]--><SPAN
class=EmailStyle15><FONT color=navy face=Arial size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><![if !supportEmptyParas]> <![endif]><o:p></o:p></SPAN></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT color=black face=Tahoma
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Tahoma; FONT-SIZE: 10pt">-----Original
Message-----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B><SPAN
style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Dr. R.BHANJA<BR><B><SPAN
style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, April 10, 2000 11:18
AM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B>
metastock@xxxxxxxxxxxxx<BR><B><SPAN
style="FONT-WEIGHT: bold">Subject:</SPAN></B> Money Management
Stops</SPAN></FONT></P>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT face="Times New Roman"
size=3><SPAN style="FONT-SIZE: 12pt"><![if !supportEmptyParas]> <![endif]><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT color=black
face="Times New Roman" size=2><SPAN style="COLOR: black; FONT-SIZE: 10pt">Can
any body give an idea on how to set the exit parameters settings in a system
building exercise. Two things needed to be set "Money Management Stop" and
"Exit Parameters". While fixing the exit parameters first I am getting good
winning trade% and average win to loss ratio with a respectable profit. But
since the drawdowns are more I tried to put the Money Management stops but
here the system got deteriorated. My money management stops are coming some
where around 15% of the entry point to get the good result. But this is
frightening. So I am trying with other set of entry models.</SPAN></FONT><FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT color=black
face="Times New Roman" size=2><SPAN style="COLOR: black; FONT-SIZE: 10pt">Can
any body have the idea what should be an acceptable money management stops
people do follow. At what point this stop should be tested during a system
building exercise and while fixing this stop what parameters one should check
(I mean winning % or net profit or drawdown or average win to loss
ratio).</SPAN></FONT><FONT color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT color=black
face="Times New Roman" size=2><SPAN
style="COLOR: black; FONT-SIZE: 10pt">BHANJA</SPAN></FONT><FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Apr 11 09:03:19 2000
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From: "Ron Stockstill" <stocks@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Test Multiple securities
Date: Tue, 11 Apr 2000 09:46:47 -0500
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<DIV><SPAN class=90224314-11042000>Michel,</SPAN></DIV>
<DIV><SPAN class=90224314-11042000></SPAN> </DIV>
<DIV><SPAN class=90224314-11042000>You may want to investigate OmniTrader 2000
which has several selectable stop strategies with variable </SPAN></DIV>
<DIV><SPAN class=90224314-11042000>optimization. It sounds like you are a
candidate for the personality theory of markets. See <A
href="http://www.omnitrader.com";>www.omnitrader.com</A></SPAN></DIV>
<DIV><SPAN class=90224314-11042000>or <A
href="http://www.signalwatch.com";>www.signalwatch.com</A> for more
information. Omnitrader 2000 has both forward and back testing builtin
</SPAN></DIV>
<DIV><SPAN class=90224314-11042000>with hit rates calculated for you across a
portfolio of securities.</SPAN></DIV>
<DIV><SPAN class=90224314-11042000></SPAN> </DIV>
<DIV><SPAN class=90224314-11042000>Thanks,</SPAN></DIV>
<DIV><SPAN class=90224314-11042000></SPAN> </DIV>
<DIV><SPAN class=90224314-11042000>Ron</SPAN></DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman">-----Original
Message-----<BR><B>From:</B> owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]<B>On Behalf Of</B> Michel
Amelinckx<BR><B>Sent:</B> Tuesday, April 11, 2000 6:04 AM<BR><B>To:</B>
metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> RE: Test Multiple
securities<BR><BR></DIV></FONT>
<DIV><SPAN class=346120011-11042000>I would use it just to find an optimal
stop variable ON A RANGE OF STOCKS, but then I must be able to test on
multiple securities. And of course do a forward test to see if it still
holds on those MULTIPLE SECURITIES. </SPAN></DIV>
<DIV><SPAN class=346120011-11042000></SPAN> </DIV>
<DIV><SPAN class=346120011-11042000>Any one used BYTE INTO THE
MARKET.</SPAN></DIV>
<DIV><SPAN class=346120011-11042000></SPAN> </DIV>
<DIV><SPAN class=346120011-11042000>Greetings</SPAN></DIV>
<DIV><SPAN class=346120011-11042000>Michel</SPAN></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #006666 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">
<DIV align=left class=OutlookMessageHeader dir=ltr><FONT
face=Tahoma>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of </B>Ron Stockstill<BR><B>Sent:</B> dinsdag 11 april 2000
1:13<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> RE: Test
Multiple securities<BR><BR></DIV></FONT>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>Michel,</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>You test multiple securities one at a time in
Metastock.</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>You can test multiple securities with other
software such as AIQ and Technifilter Plus </SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000><EM><FONT face="Comic Sans MS" size=3>in
one automation. See </FONT></EM><A
href="http://www.aiq.com";><EM><FONT face="Comic Sans MS"
size=3>www.aiq.com</FONT></EM></A><EM><FONT face="Comic Sans MS" size=3> and
</FONT></EM><A href="http://www.rtrsoftware.com";><EM><FONT
face="Comic Sans MS" size=3>www.rtrsoftware.com</FONT></EM></A><EM><FONT
face="Comic Sans MS" size=3> for further information
</FONT></EM></SPAN></DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>about trial offers, costs, and
limitations.</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>Frankly, I think it is a waste to time to do the
optimization. Also, even if you could </SPAN></FONT></EM></DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>use buy/sell stops, most systems when backtested
would have at least one or two </SPAN></FONT></EM></DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>entries/exits that would not be possible to execute
in the real market which, in turn, </SPAN></FONT></EM></DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>invalidates your backtesting
results.</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>Use the standard exit techniques (read Lebeau's
book) and focus on security selection which is more
</SPAN></FONT></EM><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>valuable. Start with comparative relative
strength as your primary filter.</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><EM><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000>Thanks,</SPAN></FONT></EM></DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><SPAN class=670190223-10042000></SPAN> </DIV>
<DIV><FONT face="Comic Sans MS" size=3><SPAN
class=670190223-10042000><EM>Ron Stockstill</EM></SPAN></FONT></DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman">-----Original
Message-----<BR><B>From:</B> owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]<B>On Behalf Of</B> Michel
Amelinckx<BR><B>Sent:</B> Monday, April 10, 2000 5:39 PM<BR><B>To:</B>
Metastock User List (E-mail)<BR><B>Subject:</B> Test Multiple
securities<BR><BR></DIV></FONT>
<DIV><SPAN class=860052722-10042000>Hello,</SPAN></DIV>
<DIV><SPAN class=860052722-10042000></SPAN> </DIV>
<DIV><SPAN class=860052722-10042000>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. </SPAN></DIV>
<DIV><SPAN class=860052722-10042000></SPAN> </DIV>
<DIV><SPAN class=860052722-10042000>I thank you in advance</SPAN></DIV>
<DIV><SPAN
class=860052722-10042000>Michel</SPAN></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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