Is the Holy grail a viable method??

Discussion in 'Technical Analysis' started by stocon, Jan 3, 2003.

  1. stocon


  2. So this is it!

    And I thought it had something to do with Harrison Ford and Sean Connery.
  3. I think it's one of the best ways of trading the trend. I used to
    use the ADX all the time, but I've found some stochastic settings
    that I really like and use now.

    I posted a sample on this thread here---second post.

    As far as trading bounces off the 20 ma goes, I think it would
    work if you stick with it. In other words, take every signal and
    don't try to pick and choose which setups you want.

    Hope this helps...
  4. Only one way to find out..
  5. Ken_DTU


  6. stocon


    What's the green beaded line??

  7. and the H.G. pattern doesn't look very good. I tested it across CIEN, IBM, GE, AMZN, HAS and none of them performed well over 1000 day period.

    I should point out that I didn't do the coding, I just had it laying around, so there might be some problems there.

    Anyone else find especially good results with this pattern across several equities?
  8. and adjusted the ADX default from 14 to 30 and stuck a different (ATR based) exit on the same stocks. IBM performed very well over 500 and 1000 daily bars, but the other stocks didn't do very well.
  9. Yeah, not really surprised. The holy grail method isn't really an
    objective method. That ADX can get tricky sometimes. But, I
    think if you practice with it for a good while, and get familiar with
    it's idiosyncrasies, it's a viable method.

    It's kind of like trying to backtest stochastic divergences, it
    would be very difficult, if not impossible. Since, no two divergences
    look the same.
    #10     Jan 4, 2003