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I use the system tester, but I don't consider the results from it or
any tester to match what I'm going to get in live trading. The results
from the tester are relative. You can compare one systems test to
another systems test if you've used similar settings. This gives you
basic information as to the number of trades, duration of trades, etc.
That information can be used to rank systems, define conditions under
which one system works better than another system. However, if the
systems tester tells you you're going to get a 28.5% annual rate of
return and you believe that, oh well.
After you've traded live for awhile, you should be able to calculate
the real rate of return for those market conditions. Each set of
market conditions will have a different rate of return regardless of
the system design.
I test almost all systems with buy or sell on open with a 1 bar delay,
even though I don't trade that way. It's all about keeping the
comparisons relative. Once the system test is done, I go back to my
history files, pick periods corresponding to specific market
conditions, and paper trade the system historically. That gives me a
feel for what's going to really happen in each of those market
conditions. I keep those stats and compare them to the live trading
stats.
Yes, it labor intensive but so is earning back the money you lose if
you believe anybody's system tests results are really right.
I don't know Nora or JD.
I use version 9 but it has a lot of bugs in it as all previous
versions of MS have had, and Equis doesn't intend to fix any of the
bugs because there is no money in fixing bugs as long as the basic
functions work as described.
Roy's newsletter is the best source of indicators and MS trading
methods out there. He covers everything you will ever want to know
about the tester and explorer.
I like some John Ehlers code. Most of it doesn't test out any better
than anyone else's. The IFT of the RSI is pretty good as is the DCF.
Both of them are fully explain in the newsletter.
I like David's stuff. http://www.alticom.com/indicators/overview.html
Some of it is coded in Roy's newsletter. Equis has some of it on their
site but the code is wrong. The code in TASC is wrong also. The B&Q is
in the newsletter. I've coded several of his indicators, and they work
better than most of Ehlers except for the IFT and DCF. All of David's
stuff is hard to code. Oh, well.
Have fun!
--- In equismetastock@xxxxxxxxxxxxxxx, "jim" <jimk_30045@xxxx> wrote:
> dear superfragilistic...how are you..i appreciate your outrageous
> unselfish and huge notes on anything you respomd too..i still think
> your JD...how's nora doing....and i hope your doing
> well....anyway...here is my note...after reading all the ^^(^^(*^*(^*^*
> (^(*^(*^(*^(*^*(^ crap on the ST...do you use it...and the delay is a
> bunch of crap so do you do your alerts at 3:30pm as suggested by the
> classic Sprunger note to get an O H L C and do an order based on the
> close....and place your trade by 4...i hope thiu is not
> nonsense.......did you upgrade to 9.0.... the mesa note...do you use
> any on his code....or s. karnsisch code..thanks...
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