Re: 90%

["Randy Murphree" <murpran@xxxxxxxxxxxx>]

Nope! The same phenomenon occurs to a P&F chart that occurs with the
trailing stops. The bouncing tick problem is exaserbated by the way a P&F
chart is constructed, thus making the system results totally useless. I too
was excited years ago when I tested systems on a P&F, only to realize that
it is a weakness of TS. 
Sorry,
Randy Murphree

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From: MEM CM <mem_cm@xxxxxxxxxxx>
To: omega-list@xxxxxxxxxx
Subject: 90%
Date: Monday, August 10, 1998 10:25 AM

When putting this system on a P&F Chart is shows that it is 90% 
profitable in many markets. The main point here is how realistic is this 
system ?


						MEM


INPUT: LENGTH2(8), STDDEVUP(.75), STDDEVDN(-.75) ,length(7);

IF BOLLINGERBAND(c,LENGTH2,STDDEVDN) CROSS ABOVE 
BOLLINGERBAND(c,LENGTH,STDDEVDN) THEN BUY CLOSE STOP;

iF BOLLINGERBAND(c,LENGTH2,STDDEVDN) CROSS BELOW 
BOLLINGERBAND(c,LENGTH,STDDEVDN) THEN EXITLONG CLOSE STOP;

if midpoint(open,9) cross below Bollingerband(c,length,stddevup) then 
sell  (close) stop;
if midpoint(open,9) cross above Bollingerband(c,length,stddevup) then 
exitshort (close)stop;