Sounds
like you are using the B-C tools to their maximum
capability.
As
long as you remain vigilant to market conditions changing, and update your
strategy accordingly, you should be ok.
My
problem was with "one holds it
constant over time" and "associate the optimum number of quotes with the
stock symbol ".
You
really can 't do the first, which is why you can't do the
second.
These
considerations are NOT unique to B-C, but are true of all technical
analysis.
Rik Rasmussen
Best Charts Yahoo Group Moderator
http://groups.yahoo.com/group/bestcharts/
-----Original Message-----
From: Howard Larson [mailto:[EMAIL PROTECTED]
Sent: Wednesday, January 19, 2005 11:15 AM
To: [email protected]
Subject: RE: [bestcharts] Re: BC versions 4.32/4.321Okay, we do have a diversity of opinion on this subject. To re-cap my technique, I select a stock and run multi-AIO to determine the best (optimum) number of quotes to use with BT. The optimum number for me is when the greatest number of indicators are indicating maximum profit. I then run AIO using the optimum number of quotes in BT and save the parameters. I then hold all of this constant going forward. I believe this methodology to be valid so long as the market stochastics are asymptotically stationary. This is probably true except during episodes of technical trading.So, if the above is not the intended use for those B-C features, how should they be used?
Rik Rasmussen <[EMAIL PROTECTED]> wrote:There is no "optimum number of quotes for a stock."Oh, there might be for a certain period of time in the past, but there is no assurance that number will be optimum in the future.What was optimum in an up market could kill you if the market goes into consolidation, or turns down.The developer can not associate such a number with a stock because there is no such number.The market is very dynamic. Analysis must also be dynamic.Use numbers frozen in time and watch your funds creep away.Rik Rasmussen
Best Charts Yahoo Group Moderator
http://groups.yahoo.com/group/bestcharts/-----Original Message-----
From: Howard Larson [mailto:[EMAIL PROTECTED]
Sent: Tuesday, January 18, 2005 5:01 PM
To: [email protected]
Subject: Re: [bestcharts] Re: BC versions 4.32/4.321Gents,I agree with the statement on using multi-AIO too frequently. It has been my understanding that one should use multi-AIO when first starting to follow a stock in order to pick the optimum number of quotes for that stock. Once the optimum number of quotes is established, one holds it constant over time. That is why I have suggested the developer associate the optimum number of quotes with the stock symbol by including it in opd.txt or opw.txt as appropriate.Regards,hl
--Howard Larsonmailto:[EMAIL PROTECTED]
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