Is technical analysis really woth it or is this just a bad time?

#1
Hi,

Ive been reading about technical analysis for a couple of months, and have started trialing some systems in the FTSE 350, on my own software made in Matlab.

I thought testing over the past 3 months data would be relevant since the market behaviour too far back doesn't seem relevent.


I'm using the indicators which seem most popular from what I have seen for buy signals:
MACD, bollinger bands and RSI
26,12,9 day periods for MACD,
9 days for RSI
20 days for bollinger


Then using Alexander Elder's safezone stop system with a lookback period of 10 days.


I've tried multiple combinations of the buy signals but everything I try gives pretty much the same outcome. Plotting histograms of my %profit for all stocks and number of wins/losses for individual stocks over the time period (3 months), It looks as if my technical analysis gives no advantage at all.

Are my ttime periods used in the buy signal indicators way out, or is it just a bad time to trade?

Thanks for any advice
Adam
 

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sudoku1

Well-Known Member
#2
Hi,

Ive been reading about technical analysis for a couple of months, and have started trialing some systems in the FTSE 350, on my own software made in Matlab.

I thought testing over the past 3 months data would be relevant since the market behaviour too far back doesn't seem relevent.


I'm using the indicators which seem most popular from what I have seen for buy signals:
MACD, bollinger bands and RSI
26,12,9 day periods for MACD,
9 days for RSI
20 days for bollinger


Then using Alexander Elder's safezone stop system with a lookback period of 10 days.


I've tried multiple combinations of the buy signals but everything I try gives pretty much the same outcome. Plotting histograms of my %profit for all stocks and number of wins/losses for individual stocks over the time period (3 months), It looks as if my technical analysis gives no advantage at all.

Are my ttime periods used in the buy signal indicators way out, or is it just a bad time to trade?

Thanks for any advice
Adam
in TA....no time is bad time 2 trade....yes ,much depends on the time frame taken for implementing indicators....
more less the time frequency ,more in out ,more whipsaws & viseversa...
in the end ,no machine can print monies for anyone everytime in the world by just programing them....if that was the case....many technicians would had bought stakes in stock xchanges....:)
 

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