Howard,
When
you say "B-C doesn't support
that directly, so one must manually download historical quotes from Yahoo", how
is that different from any other software that back
tests?
Back
testing inherently requires that historical quotes be downloaded at some time
from some source.
While
I agree that the ability to pick a set of "stationary parameters" is "a desirable trait indeed", I do not anticipate that such a possibility
will ever exist, and hence, I expend no effort in its
pursuit.
The
popular indicators such as MACD do have popular parameters that many consider
"standard," However, even though they have an often successful ability to
indicate good entry and exit points, they also often fail. Best Charts defaults
to these parameters on the many indicators it includes.
Best
Charts, unlike some software offered often at very high prices, makes no lofty,
unrealistic claims.
Rik Rasmussen
Best Charts Yahoo Group Moderator
http://groups.yahoo.com/group/bestcharts/
-----Original Message-----
From: Howard Larson [mailto:[EMAIL PROTECTED]
Sent: Thursday, January 20, 2005 12:11 PM
To: [email protected]
Subject: RE: [bestcharts] Re: BC versions 4.32/4.321This sounds like classic back testing/forward testing using historical quotes. B-C doesn't support that directly, so one must manually download historical quotes from Yahoo; back testing and optimizing with a file having a date in the past (e.g., Aug 10) as the last quote, then forward testing with a file having a later date (e.g., the current date) as the last quote.Consistent results for variable BT periods indicates to me that stock's price arises from a process with stationary or nearly stationary parameters; a desirable trait indeed.Very good.hl
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