|
PureBytes Links
Trading Reference Links
|
Joe's been promoting displaced MA's since I bought his trading course some 10
years ago. I've been using Joe's fib techniques profitably and retake the course
every couple of years. While the snows were raging this winter, I did detailed
backtesting of DiNapoli's displaced MA's using daily S&P cash data from
1970-1997 using MA's from 3 to 25 in increments of 2 and displacements from 1-7
in increments of 2. I could find no displaced MA which provided consistently
profitable entry and exit on both long and short side or on either side
individually. Like about every fixed frequency indicator I've ever tested, they
did well in trending markets and got whipsawed badly in trading markets.
Earl
-----Original Message-----
From: Chris Jackson <chrisj@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, August 08, 1998 7:18 AM
Subject: X Bar and more
>Joe Di Napoli swears that displaced MA's work better. I was already
>using 25/5 as the primary "balance of power" line. I thought it
>interesting that Mr Quinn's default MA was 25.
|