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PureBytes Links
Trading Reference Links
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For anyone interested in generating random system entries for use in
testing exit strategies you can download my free dll at
http://www.arrowsmith.net/~ddeluca/tradeworks/index.html
Includes Easy Language code.
Dave
On Sun, 27 Sep 1998 12:41:29 +0100, you wrote:
>I usually test multiples of exits for any given system and end up quite
>often using a combination of exit techniques.
>I work strongly with MAE/MFE but use them differently depending on the
>nature of the system. I agree with Chuck to apply exits in a different way
>for short/medium/long term systems.
>For example, MFE can be used as a profit target level or as a add-on point
>for positions. MAE can be used as only a stop level. Depending on the nature
>of your system you might be able to figure out a point just before your MAE
>stop level where you might add to a position. Or, check out if it makes
>sense to use the MAE stop level as a stop and reverse.
>The real power of exits is twofold: A trader has to use them on the
>unprofitable and the profitable side. Different concepts need to be applied
>as the goal of the exits is not necessarily the same. In addition, the
>nature of different systems calls for different exit strategies. In my view
>it is valid to test different exit combinations as long as each single one
>is based on a valid approach.
>
>Markus
>
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