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Scott,
Here's an idea that you can use to test your theory. I explained how
to copy results from an exploration into excel and then from excel
back into various MS lists.
Run your systems test year by year on your expert.
Sort the test alphabetically, and then copy the entire test for each
year into a new excel worksheet for that year.
>From each worksheet copy the symbol and it's annual percentage return
into a new worksheet. Once you have delete symbols that don't match
across all ten columns, you can delete all of the symbols except the
first year's. You'll be left with a year by year comparison of the
return on each symbol with your expert.
You can then see which symbols were consistently profitable and which
one weren't. This will answer your question.
--- In Metastockusers@xxxxxxxxxxxxxxx, "Scooter" <mariani@xxxx> wrote:
> 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@x...]
> 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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