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I've had it go both ways..... better or worse results trading the same
time as everyone else. I'd guess it depends on whether your system is
using the same logic as everyone else or using something different. One
thing for sure, there will be a lot of trades happening on the hourly
bars, especially the normal 9:30, 10:30, etc. for the stock market.
Systems that run on 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30 and 60 minute
bars will all be triggering then.
Mark Jurik wrote:
> On a chart, the overall net profit of each run was plotted with phasing along
> the x-axis. The curve was smooth and net profit plummetted like a notch
> filter response curve at precisely when the bars were 9:00, 10:00. etc. You
> get superior performance when the bars are phased out by 20 minutes or so,
> that is, when the bars are 9:20, 10:20, etc.
>
> So, what would be the reason? I like to think that if you based your trades
> on the same signals as everyone else, then you have to share the potential
> profits with a very large crowd. Does that make sense? Any other viewpoints?
--
Dennis
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