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SYSTEM STATISTICS FOR MACH-TREND
Thank you for your reply. I reviewed all the material I could find as noted below. I saw charts and commentary including comments on F, trading frequency, but I could not find any performance results such as profit, profit factor, largest and average wins and losses, drawdowns, time between equity peaks, etc. Is that data available somewhere to judge performance of the Mach system? For Tradestation, does it scan multiple markets or is it only applicable to one chart at a time?
I understand your concerns. I spent many months building a simulation unit in VB.net for the first indicator-strategy that was released on the site.
The Precision stop system was tested over 17 years of data on 70 different stocks at the same time and I recorded a video showing it turning £10,000 into £176 million over that period. Also provided was an excel sheet showing the results, a list of the stock used and a glossary of terms was published to explain everything.
While some readers were advanced enough to understand the materials, it was far more common to receive comments from customers saying it was too complicated for them to understand and asking if I could provide simpler models.
It became apparent that it did not make any noticeable difference to my orders to have vast amounts of historical performance data shown on the site, so this approach was abandoned as it was not an efficient use of my time.
When I tested Mach-Trend on more than 100 UK stocks it was profitable on 83% of them and the risk reward ratios were higher than with the Precision stop system. The tests were done on daily data.
I figured that my test results would be meaningless to others as the available range of settings and markets and time-frames selected by individual users would be producing an infinite number of variations in the results, as systems have to be tailored to tick the boxes of 1. Profitability 2. Draw downs within the comfort zone. 3. Ability of the trader to stick to the system.
If you view the chart example for Precision stop and for Mach Trend you can observe the trend changes are faster with MachTrend when the trend is close to equilibrium points ( such as in narrow ranges or break outs ) and then become much lower frequency while in deep and long trends. It is this behavior which leads to the big ratios.
You can observe the video simulation here it might illustrate to you how much work and time went into its production ( Please use HD mode in full screen )
http://www.precisiontradingsystems.com/Precision_Stop_MultiCharts.htm
Regarding the scanner question, Mach-Trend is not a scanner but you can put it in radar screen and it will show clearly when the trend changes basis of colours.
