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David Hardman
22-03-2008, 12:06 PM
A legit test of your TA skills... or just a lottery

http://www.inspectd.com

Quite a cool concept.. would be much better if they had more indicators etc.

The advanced option is a little better as you can determine your hold time.

Steve
22-03-2008, 03:39 PM
Great link! :)

AMR
22-03-2008, 05:45 PM
Really great fun...it would be good to get a standardised test and run a competition between our techies here. Is that possible?

Hoop
22-03-2008, 08:29 PM
A great find David

Had fun playing it.....how many companies is there? Seems endless.

Got a few wrong too :o

Lizard
28-03-2008, 08:22 PM
Tested a "random" approach to aid comparison... using default settings and 20 consecutive trades using only the "buy" button. Did this 20 times (yes, I know, lots of button clicking...) and recorded final result each time. Then repeated exercise using only the "sell" button...

Results for "buy" only:
Max: $385,289
Min: $ 25,649
No. positive outcomes: 8 of 20
Average: $112,727
Std dev: $91718

Results for "sell" only:
Max: $228,144
Min: $ 38,269
No. positive outcomes: 10 of 20
Average: $107,429
Std dev: $55,459

(Not that the std dev helps much on this, since it's obviously a skewed distribution - probably something more useful, but my stats is rusty)

Anyway, interested in what results others get from 20 consecutive trades when they're trying... I managed to trounce the "random" approach by reducing my account to just $8,000...not just once, but twice!! Probably should have a serious attempt when I'm not talking on the phone and checking homework at the same time though. Well, once my clicking finger has recovered...

ratkin
29-03-2008, 05:43 AM
lol managed to lose 64,000 on one trade , going short

wolverine
29-03-2008, 08:29 AM
too easy liz, +$36k in no time. load up the most likely upside breakouts and be fearless since it isn't real money. anyone can make paper money.

will it help on monday?? i wish!!

Steve
29-03-2008, 09:57 AM
too easy liz, +$36k in no time. load up the most likely upside breakouts and be fearless since it isn't real money. anyone can make paper money.

In the post above you, it appears that Ratkin can't... ;)

peat
29-03-2008, 11:56 AM
lots of fun !
wish it was this easy in real life

:)

Lizard
30-03-2008, 10:47 AM
lol managed to lose 64,000 on one trade , going short
Practice makes perfect, eh?:)

Newest Members
ratkin ($203,511.05)

Greenfield
30-03-2008, 03:49 PM
Great site, wish trades were real


Account: $475,497.52
Profit: $375,497.50 (since registering)
Trades: 23
Winners: 16 (69.6% of trades)
Average Profit: 8.03%
Standard Deviation: 15.48%
Worst trade: -17.67%
Best trade: 49.87%
Days In Market: 434

Lizard
31-03-2008, 03:23 PM
Some of you seem to have some talent at this :o

Okay, here are the results of the completed TA experiment...

Method: Take one charting incompetent with a basic, but distrustful, knowledge of charting (i.e. me), and complete another full sample of 20 sets of 20 consecutive trades while actually TRYING to make sense of the charts. (Don't count skipped trades and use default settings).

Results:
(Apart from an overwhelming desire to fall asleep whenever staring at the charts)
Max: $511,977
Min: $ 19,503
No. positive outcomes: 14 of 20
Average: $148,602
Std dev: $108,180

Overall, compared with control data, it looks as though I did gain some advantage from reading the charts, despite their obvious limitations.

Did I get any better with practice? I thought I was, but the data suggests I just tended to get less variable, with best and worst results occurring early on. I did find that I skipped more trades as time went on - especially the ones I found held a risk of large fall - the long term trends that had run for more than 100% up; trading after a short sharp move that had not had time to consolidate. Also, found myself looking harder for volume on break-outs.

In reality, slippage and brokerage would eat into things a bit. However, the biggest problem with implementing alongside my normal FA is the number of charts I rated "skip"... between the two systems, I might never find anything to buy!:eek:

dumbass
01-04-2008, 08:39 PM
thought i was doing ok until i saw the leaderboard

thanks david real fun
LeaderboardHighest account uglychart: $32,831,428,626,900,000,000.00
Most trades Jonathan: 2,979
Highest average trade* pjp: 16.05% (58 trades)
Best trade EmotieIsHetKwaadVanAlles: 1,383.33%
Worst trade mr-investor: -133.10%
Highest winning percentage* TechnicalAnalysisIsFlawed: 94.44% (58 trades)
* Minimum of 25 trades