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PureBytes Links
Trading Reference Links
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Fundamental Analysis and Quantitative Analysis stock pickers with long
term public track records include, Valueline Timeliness Rank 1, Ford
Equity Research's top 20, S&P Neural Fair Value 25, S&P Platinum list,
IBD 100 and others. Valueline and Ford have the most data on their
long term performance. For dividend stocks, Investment Quality Trends
has a long and consistent track record.
Being on more than one list simultaneously doesn't improve the
performance. Using simple TA on the list does.
If you want to understand FA and QA testing, you can read the posts on
the Motley Fools Mechanical Investing Board.
There are many buy and hold strategies with yearly, quarterly and
monthly holding periods that produce results as good as any I've seen
using TA. In addition, several of the strategies test better in the
tough years like 2001 and 2002 than do the TA systems. There are
systems testers for FA and QA. I've posted info on them before. They
range in price from $10K a year, to less than $200 a year, to free.
The free ones have limited application such as being confined to one
type of data like the Valueline T1 symbols.
You can read about them on the board.
A few years ago I complied the track records of a few of the better
traders I know against some of the people who trade the holding period
strategies I mentioned. The results from live trading over an 8 year
period gave the edge to the holding period strategies in both overall
return and consistency from year to year through 2004. This is with
equities. It's hard to get real return numbers from traders, (good or
bad ones), so I was lucky to come up with the data I got, and very
fortunate they were willing to share it with me. I had four traders
from each category. It wasn't a large sample size but the results were
very interesting.
I use the Valueline lists, and the others, rather than create my own.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, Alvin Yu <alvinyu2005@xxx> wrote:
>
> Hi Super
> Â Â Â Where can we locate the FA& QA Prescreener ?
> rgds
>
>
>
>
> ________________________________
> From: superfragalist <no_reply@xxxxxxxxxxxxxxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Tuesday, 30 December 2008 10:39:39
> Subject: [EquisMetaStock Group] Re: RMO in Enhanced System Tester
>
>
> I tested the RMO in various forms, including with the rules supplied
> with MS, which are many and sometimes not easy to apply. I found the
> constraint lists lengthy. (That's my opinion anyway.)
>
> What I got out of my test results was the same thing I've posted on
> here before. It did okay in markets that were in a definitive,
> undeniable trend. As I've said many times before, TA tools don't work
> well unless the market is in a definitive trend.
>
> Basically, when the markets are in an established trend, the only
> tools you really need are a couple of moving averages and good list of
> stocks that have a high probability of going up. For those I use FA
> and QA prescreeners.
>
> In a trending market, if the same system is applied to a broad
> universe of stocks and then to a good FA and QA prescreen list with a
> long track record of success, the system works better on the
> prescreened stocks. Significantly better. I've tested that principle
> over and over and the results are always the same.
>
> When the market is not trending, as in going sideways, whipping up and
> down as it has done recently or bouncing around with no discernible
> direction, then TA doesn't work very well, no matter what you apply it
> to. In those cases, you have to buy and sell on instinct. For example,
> I know that certain closed end funds go down in December and go up in
> January. I also know the Fed can't help itself when it comes to giving
> out welfare. So I bought a bunch of closed end funds sensitive to the
> Fed policy. Sure enough they went down more. Then my buddy Ben went
> quantitative with economic policy and in a couple of days those closed
> end funds zoomed up. The only thing I used TA for was to buy the funds
> at a reasonable limit in price.
>
> If you find something that works in non-trending markets and really
> shows some good test results, please share it. So far I haven't been
> able to find it, and I've been looking part time for 35 years and full
> time for 10 years. I want to have at least five years to use it before
> I die so I can make my heirs really, really rich!
>
> Super
>
> --- In equismetastock@ yahoogroups. com, "j.geenen" <j.geenen@ .> wrote:
> >
> > Hi
> >
> > Thanks for your advise. I wanted to compare the RMO in several
> > strategies described in the manual with other systems.. That's why I
> > wanted the RMO in the System Tester. I hear that there is a new RMO,
> > the RMO II, but you will cancel the subscription. What does the RMO
> > II do? What do you mean when you say: For all the testing of the RMO
> > I have done, is it is good at getting it, but terrible at getting out.
> >
> > Greatings, Jan
> >
> > --- In equismetastock@ yahoogroups. com, "Big Papa"
> > <denver69692002@ > wrote:
> > >
> > > Jan,
> > >
> > > It depends on how indepth you want to get with the RMO tester.
> > > On it's core level, you could use:
> > > Fml( "Rahul Mohindar Osc (RMO)") >0 to buy and
> > > Fml( "Rahul Mohindar Osc (RMO)") <0 to sell.
> > >
> > > I believe in watching the Equis video on how to use the RMO, Mr.
> > > Mohindar suggests using the RMO not on its own as a trading system,
> > > but as a confirmation to another.
> > >
> > > For instance, I have added it on to the pre-canned systems such as
> > the
> > > RSI 30-80, the TEMA, and the Equis-CCI +100/-100 Crossover system.
> > You
> > > can go in and edit these systems, and add the portion above pretty
> > > easily as an confirmation.
> > >
> > > There are other ways to look at the RMO such as the Swing Trade 2 &
> > > Swing Trade 3 for the crossovers. Much of that depends on your
> > trading
> > > style. The RMO > or < 0 for the longer trends, the swing trade
> > > crossovers for the scalping.
> > >
> > > For all the testing of the RMO I have done, is it is good at
> > getting
> > > it, but terrible at getting out. I have also subscribed to the RMO
> > II
> > > from Equis, but will be cancelling that subscription shortly..
> > >
> > >
> > > --- In equismetastock@ yahoogroups. com, "j.geenen" <j.geenen@>
wrote:
> > > >
> > > > Hi everybody
> > > >
> > > > Can anybody tell me were I can find a link that describes how to
> > > > implementate the RMO in the Enhanced System Tester? Of course I
> > > looked
> > > > at the forum and the help files but I couldn't find it.
> > > >
> > > > Thanks, Jan
> > > >
> > >
> >
>
>
>
>
> Adding more friends is quick and easy. Import them over to
Yahoo! Mail today! http://www.trueswitch.com/yahoo-sg
>
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