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Dans un courrier daté du 13/08/98 17:09:39 , vous avez écrit :
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This system is untradeable.
The fault is that the point and figure bars are treated as normal bars by the
system. This means that the system lets an order be issued for the close of
the current bar. However in point and figure charting, the next bar is only
produced if the box count is completed - so you never know that the bar is
completed until it has already turned by the required number of ticks.
This accounts for the massive success rate of the system. It already 'knows'
that the market has turned, and then manages to trade at a prior price.
If only that was the real world.
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You are missing the point.
Pt&Fig systems works very well if you write them to do so.
Means:
1)No close or market orders.
2) ONLY use stop orders that must be placed for the next bars boxsize *
revsize above or below the low /hight of the last Pt&Fig completed bar.
Then, the price announced in the performance summary is exact and matches the
real world, inraday gap excepted in some cases.
Of course, using on close , at market , buy at h stop and the like have no
meaning.
Sincerely,
Pierre Orphelin
(TS car driver)
Please visit our neurofuzzy tyre store at:
www.sirtrade.com
Disclaimer: No refund for hedgehogs and armadillos.
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