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Subject : RE: Two "Exponential" Moving Average Crossover
Posted : 7/11/2010 11:41 AM
Post #21076 - In reply to #21071

I do see the benefit of the two system setup as it offers you more flexibility. Say one system can have reversing and one system don't. One system can be used for long entry and one for short entry with different system parameters.

"Use reversing signal" is important for a relatively rapidly swinging market and it should be implemented only as a last resort in my opinion. The key is to create a system that is reliable to your spec without having OT do 'optimizing' and 'reversing signal' for you. We don't want variables because then our thinking will be variable... as in we are trying to compensate for that with 'Oh, if OT said this and we thought opposite by looking at the chart, then...." This is where we can get lost because of conflicting signals. This is okay when we manually enter our trades and make final decisions but if we implement OT to use Integrated Brokerage entry... then it may not be our liking.

In all these years I have been doing technical analysis, the structure for system must be simple and close enough to what you need. I just never forage into strategy programming. When we see our chart, we know what to do instinctively, yet sometime we betray our knowledge and at time it is exhausting to screen all potential stocks. That is why I have decided... uh... 15 years later... that I must implement strategy programming to make my workload easier.
Deleting message 21076 : RE: Two "Exponential" Moving Average Crossover


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