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Hi,
As for the serious part of the discussion, I have already posted a
lot of formulas about the efficiency of candlesticks formation (see
previous mails from #2017 and further).My results unfortunately agree
with you. the backtesting here is very risky:
If the last two years a stock presented 6 morning stars and only 3
of them gave +20% in the next 20 days, there is not any serious point
of view when you catch the 7th M.star.
Thank you for sharing the humour part.
Dimitris Tsokakis
--- In amibroker@xxxx, "server not recognized" <winchp@xxxx> wrote:
> I take your comments in good humour Dimitri, but I have read of
recent formations only being about 40% successful i.e consistent
> with what they were supposed to do. Others were completely
contrarian, either indicating irregularly or completely the opposite
of
> what they were supposed to indicate.
>
> I'd therefore suggest a back test count on each before simply
accepting them.
>
> P
>
> ----- Original Message -----
> From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> To: <amibroker@xxxx>
> Sent: Saturday, October 06, 2001 2:58 AM
> Subject: [amibroker] Re: Candlestick-Analyzer
>
>
> > Well, well...
> > Yuki is trading 30 years, you are 300 year trader, I think it is
the
> > proper time to move to a newbies rock+roll T/A site...
> > DT
> > --- In amibroker@xxxx, "server not recognized" <winchp@xxxx>
wrote:
> > > Tom,
> > >
> > > Have you checked each candlestick formation because I recall
they
> > don't work like they did in the 17th century.
> > >
> > > P
> > > ----- Original Message -----
> > > From: Tom Supera
> > > To: amibroker@xxxx
> > > Sent: Friday, October 05, 2001 11:03 PM
> > > Subject: [amibroker] Candlestick-Analyzer
> > >
> > >
> > > Hi,
> > >
> > > Here's my formula for candlestick-detecting, but it's in work
and
> > also not complete and not optimized.
> > > If anyone of you are interested to share and optimize the
formula
> > with me, i'm happy.
> > > After them, i work on a trading system with CCI or MRI, any
> > overbought/oversold indicator, volume and the candlestick
analyzer.
> > > I think it's one of the best way to make a good winning
system.
> > >
> > > Thanks for your help
> > >
> > > Tom Supera
> > >
> > > Yahoo! Groups Sponsor
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> > Service.
> >
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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