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Re: CL_Re: Pi trading system



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In a message dated 8/5/1999 4:18:55 AM Central Daylight Time, 
pierre.orphelin@xxxxxxxxxx writes:

<< TS handles backtest on PF if you pay attention on how PFig charts are 
built.
 TS displays HLC bars as they appear, and anyone  should know that the close  
is known when the next bar is starting to build.
 So anyone who  writes a system on Pfig charts like this:
 
 if something then buy on close;
 
 ...should not tell that Ts is  guilty because you ask to it  an answer from 
a point ( close) that is not known at this time ( that is absent from the 
horizontal PFig scale!).
 At least they should have warned the user that do not understand technical 
analysis  basis... ( also, do not forget to plug in you computer to make TS  
work as expected, and be careful when crossing the road).
  >>

Pierre,

Most PF systems are breakout systems.  It's not the bar close, but the 
breakout within the bar where TS fails.  Look at the PF function that I 
posted a few days ago and you will understand the problem.

TS should have mentioned in the manual that P&F backtested results cannot be 
duplicated in realtime.

Steve