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Re: Money Management Stops



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<DIV><FONT face=Arial size=2>Guy</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>What criteria do you use to&nbsp;exit a trade that 
goes against you?</FONT></DIV>
<DIV>&nbsp;</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&#8217;t use any stops in our trading which means that some bad trades can be 
  very expensive.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>Stops will only 
  mess up your system, unless you used stops when systems testing.<SPAN 
  style="mso-spacerun: yes">&nbsp; </SPAN>We don&#8217;t use stops in testing our 
  system and we don&#8217;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]>&nbsp;<![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]>&nbsp;<![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">&nbsp;</span>AUTOTEXTLIST \s &quot;E-mail 
Signature&quot; <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]>&nbsp;<![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]>&nbsp;<![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]>&nbsp;<![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>
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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>&nbsp;</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.&nbsp; It sounds like you are a 
candidate for the personality theory of markets.&nbsp; 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.&nbsp; 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>&nbsp;</DIV>
<DIV><SPAN class=90224314-11042000>Thanks,</SPAN></DIV>
<DIV><SPAN class=90224314-11042000></SPAN>&nbsp;</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.&nbsp; 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>&nbsp;</DIV>
  <DIV><SPAN class=346120011-11042000>Any one used BYTE INTO THE 
  MARKET.</SPAN></DIV>
  <DIV><SPAN class=346120011-11042000></SPAN>&nbsp;</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>&nbsp;</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>&nbsp;</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.&nbsp;&nbsp; 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>&nbsp; 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>&nbsp;</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.&nbsp; 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>&nbsp;</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.&nbsp; Start with comparative relative 
    strength as your primary filter.</SPAN></FONT></EM></DIV>
    <DIV><SPAN class=670190223-10042000></SPAN>&nbsp;</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>&nbsp;</DIV>
    <DIV><SPAN class=670190223-10042000></SPAN>&nbsp;</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>&nbsp;</DIV>
      <DIV><SPAN class=860052722-10042000>Does anybody know a way how to test a 
      system on MULTIPLE SECURITIES in MS.&nbsp; The system enters&nbsp;with a 
      stop order and thus NOT at open or close !&nbsp;And would like to 
      fine-tune my exits through optimisation.&nbsp; I'm getting pretty 
      desperate, I've been waiting for some years now hoping MS would add simple 
      features like these.&nbsp; So if anybody has a suggestion I like to hear 
      it.&nbsp; I can't believe that this is not possible in MS and don't you 
      guys are in need for such features ?&nbsp; 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.&nbsp; What about 
      Supercharts, is this possible in Supercharts.&nbsp; </SPAN></DIV>
      <DIV><SPAN class=860052722-10042000></SPAN>&nbsp;</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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