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List:
As you may remember, I pointed out problems Jerry's system, but zero bars do
not always indicate invalid results. For example (using a daily bar), if you
were to buy at the open and then exit at a limit above your entry (and / or
exit market on close), your results could be valid (except for slippage) and
all trades would have "zero bars."
The zero bar abuse occurs when there are two exit orders inside a single
bar, when using TS trailing stops, or when limit entry and exit orders are
in the same bar (since there is no way to know "when" the limit entry
occurred and if it was after the exit was hit). I agree "zero bars" is a red
flag, but it does not always assure irrelevant results.
Bill Wynne
TradeWynne@xxxxxxxxxxxxxxx
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