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Super,
I did
read Mr. Wright's series of articles as you suggested previously. I found it
very informative. I found that I was already doing many of the things he
suggested in developing a system. I have applied many of the ideas he talked
about since reading the articles, more like a book!
He does not address the validity of throwing out
losers, based on a system test, from an available list of potential stocks
to trade.
I know there are a cagillion system developing books to
read. I will pick up a few to read when I have the
time.
Can you C&P system test results from
MS8.0?
Scott
-----Original Message-----
From:
superfragalist [mailto:jackolso@xxxxxxxxxxx]
Sent: Wednesday, April
13, 2005 8:34 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject:
[Metastockusers] Re: System Tester Results (Redu)
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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