Point & figure software

[hirsi1]

What is the best US software for backtesting and scanning stocks for point and figure patterns?

 

[Dentalfloss]

try updata with iq feed

 

[hirsi1]

try updata with iq feed

Thanks for replying. Updata's annual fee of 2400 pounds is more than I wanted to spend.

 

[Dentalfloss]

try bullseye with mldownloader





QUOTE=hirsi1;1596640]Thanks for replying. Updata's annual fee of 2400 pounds is more than I wanted to spend.[/QUOTE]

 

[hirsi1]

try bullseye with mldownloader





QUOTE=hirsi1;1596640]Thanks for replying. Updata's annual fee of 2400 pounds is more than I wanted to spend.

[/QUOTE]



Hi. Bullseye is good for scanning, but it doesn't do backtesting.

 

[Dentalfloss]

ok
Well,updata is only 80 dollars a month if you supply youre own data.this can be had for free from yahoo.i cannot think why you want to backtest,because the follow thru is dependant on market,political conditions.so signals generated will have different profitabiliy at differerent times

 

[Dentalfloss]

think about this....
Pf is all about breakouts.ie breakout signals and failed signals.you want to backtest the follow thu.ie the profitability
As i said before...the follow thru will vary according to stuff i mentioned before
Look at eurusd the last few weeks and s500,great follow thru..previous months less follow thru

 

[hirsi1]

Thanks. It's starting to sink in that I may not need backtesting. I didn't know that you can get Updata for $80/mon. Have you used this software?

 

[Dentalfloss]

Thanks. It's starting to sink in that I may not need backtesting. I didn't know that you can get Updata for $80/mon. Have you used this software?

in fact,i am sure that updata cannot backtest.it can optimise using their version of solver.i also think that updata will have backtested signals.as they have backtested trading systems like sell in may,linda bradford-raschke system.so they might let you have results
i ahve used updata,for 3 years.great stuff.but found i only used the p/f so went to bullseye
in my mind,its a waste of time backtesting.spend some time reading duplessis on p/f

 

[Dentalfloss]

just remembered.a university in australia backtested p/f on the s&p 500.they published the paper.it is on the internet somewhere.they said ,the best way to trade the s500 was with a 4 box reversal...lol

 

[hirsi1]

I'm finishing du Plessis. My next book is Dorsey's.

 

[rathcoole_exile]

just remembered.a university in australia backtested p/f on the s&p 500.they published the paper.it is on the internet somewhere.they said ,the best way to trade the s500 was with a 4 box reversal...lol

http://point-and-figure.technicalanalysis.org.uk/AndersonFaff2006.pdf

 

[Abnash]

Backtesting remains a good idea to use historical data to test your PnF skills. No PnF software provides that. A work around, which I have used effectively is to use a normal charting platform, say, Amibroker, with good scripting that allows you to select and output data into a text file which PnF software like Bulls Eye and even excel spreadsheets can read.

The advantage is that now you can control, the interval for data output (helps to smooth PnF charts) and frequency of output. You can then effectively test intraday and positional trades without having the manual drudgery of selectively extracting data and "preparing" it for your PnF charting program.