Paul, for EOD free data Yahoo is ok, you always need to check that it's always there though. Some days the data isn't there and this can screw up the buy/sell estimates. No real reason why I'm not using BCI specifically. I take it into consideration in the overall picture but it's an indicator I can't compare it to in my other charting programs. Since it doesn't plot anything on a chart (ie. against a price or moving average). Having said that I think BCI is a better indicator the more you optimize it. As far as returns go, I'm probably not a good person to ask since I haven't been as disiplined as I should have been when sticking to the buy and particularly sell signals. 3 stocks in particular I should be up $9K, $7K and $5K, but I held onto after BC told me to sell now I'm in the red in each of them. At the same time though I've had some good wins with it. If I can give you one piece of advice if you find an indicator to trade a stock on and you're in profit and it tells you to sell ..... sell and don't look back. Personally I love the program and in particular the Equivolume chart and as far as I can tell not a lot of people use it, which is a good thing IMO. I'd be interested in finding out what sort of returns you're getting, both paper and real.
regards, Rob. Rob --- In [email protected], "tzsuj" <tz...@...> wrote: > > Thnaks for the info Rob. I will try a test with a static set of BCI > parameters. > > I am using the standard Best Charts data source which I assume is Yahoo. > I've done a few cursory checks but all seems to be OK so far. Note that I'm > just using end of day data - maybe this is a bit more reliable. > > Is there any specific reason for you not using the BCI indicator ? In all > the backtesting optimisations so far, over all stocks, the BCI is by far the > best indicator (total % gain and probably average % gain/trade). This is why > is chose to do the exercise on BCI. > > Are you comfortable with disclosing your typical annualised returns for > trades based on the Best Charts software ? My interest arises from the very > high returns that the optimisation process gives (say >70% pa) and was > wondering if anyone actually gets this in practice, in a forward trading > scenario. I haven't had any specific answers to this question yet..... > > > Paul > > > > --- In [email protected], "ah_pigsy" <rya29546@> wrote: > > > > I personally don't use BCI, but if you're worried about the data it's > > returning I'd be going back and looking at the data source. Remember if > > you're importing data intraday the results will vary and because the > > algorithm for BCI is unknown you can't verify it. > > Speaking of data Yahoo data is useless IMO, so I use Quotetracker through a > > Commsec account to get live datafeed into Best Charts. Anyway that's beside > > the point. > > I'm currently assessing the MFI indicator as to whether it can generate > > some early buy signals (basically when the current value bottoms out) > > compared to the optimized signal it's giving. > > As far as the optimisation question goes, I personally don't do it daily. > > If I see that the otimisation has created a good set I will try and use > > them as long as possible. > > Rob > > >
