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Looks like you're using the systems tester without much knowledge of
systems development.
Read a few books on system design and then you'll see you're wasting
your time.
There's a very good article on this coming up in the May issue of
Roy's newsletter.
Don't ask for book recommendations because one book won't do it.
You'll need to read around a dozen or so systems development books to
get a really good take on how things work. Once you've done that,
you'll soon figure out that using TA by itself is not the best method
for picking stocks to trade, the performance of any system based on TA
is going to dramatically change each year with a lot of losing years,
there are no indicators that work even reasonably well across a
variety of stocks or in changing market conditions, and searching
thousands of stocks every night for something to trade is in the long
run a losing idea.
Does that mean you can't make money using TA. You can, but you have to
have a well thought out strategy and apply the strategy appropriately
for the market conditions.
I'm amazed at how many people that refuse to spend a dime on
education, information, good data or anything else that might help
them, but they'll pay a guru thousands for useless trading methods or
lose thousands more making bad trades. It's baffaling.
You can read Charlie Wright's series of articles called Trading as a
Business. That will give you some basics about how to approach this.
Read all the articles in the series. They all have something important
to say.
http://www.elitetrader.com/tr/index.cfm?s=17
Give Roy's newsletter a try. It's all about MS with the code for
everything discussed in it. You'll learn more from that in a few hours
of reading the back issues than you will from playing with the systems
tester for next few years.
www.metastocktips.co.nz
--- In Metastockusers@xxxxxxxxxxxxxxx, "Scooter" <mariani@xxxx> wrote:
> O.k.,
> I have finally cooked the indicators enough (nothing new) to come up
with a
> system that is profitable over several different period back tests,
at least
> in MS. My question is, do I remove the loosing or zero trade tickers
from my
> potential list of tradable tickers I will run my Exploration on when
looking
> for a new trading opportunity? MS seems to be keen on "cleaning up" by
> removing the losers. Doesn't make sense to me to say because the
tickers did
> not hit or make a profit over x amount of periods they will not make a
> profit in the future. Or does it increase my potential profitability by
> removing them? Can I somehow export the remaining ticker symbols to
excel or
> csv so I can adjust my HSQuote list accordingly?
> Thanks, Scott
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