| JAN 1988
Making spreadsheets part of your trading system Part I by Jim Summers, Ph.D.
Making spreadsheets part of your trading system Part I by Jim Summers, Ph.D. This column will be all about using Lotus 1-2-3, Release 2.0 as a trading tool. Given the number of programs written for technical analysis fundamental analysis, and portfolio management, why would anybody want to use Lotus 1-2-3 for this purpose? The answer is simple—most traders are not programmers, but they want the control and-the customization power that programming can provide. Lotus 1-2-3 gives both. Lotus 1-2-3 helped me develop a trading system and a historical testing system to evaluate indicators. What I wanted to do fits me exactly. You can do the same. Refining trading systems Articles in Stocks & Commodities often describe some new angle on a technical indicator. Invariably, this new twist is not part of my off-the-shelf charting package. However, the system looks intriguing, so I set up Lotus 1-2-3 to test the system against my data, and add in a few bells and whistles of my own to further improve performance. For example, Gregory L. Morris, ""Trend of the Trend"" in the February 1987 issue of Stocks & Commodities, presented an indicator which was both interesting to me and very susceptible to Lotus 1-2-3 testing. The continuing series of articles by Steven Kille and Thomas Drinka—which rank the profitability of indicators when applied to various futures contracts—provides another opportunity to test and refine their findings. Just proving they are correct is not enough. I want to be able to add my refinements to their system. A similar procedure is used in more rigorously testing the many indicators which are available in my charting package.
by Jim Summers, Ph.D.
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.