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• Using A Constant Investment Size For Stock Trading Systems by Jack Schwager

  ARTICLE SYNOPSIS ...Using A Constant Investment Size For Stock Trading Systems by Jack Schwager The highest high to the lowest low in the price history of an individual stock can vary tremendously, especially when stock splits occur. This large range of price history can distort the returns of a trading system. This noted analyst explains the steps to adjusting stock data to avoid these distortions. At first glance, the issue of price data appears to be far more straightforward for stocks than it is for futures. The system developer in futures is faced with the significant problem that the life span of individu...

AUTHOR: Jack SchwagerDATE: MAY 1999SUBJECT: New Techniques

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• Buy-And-Hold Comparisons To Evaluate Stock Trading by Jack Schwager

  ARTICLE SYNOPSIS ...Buy-And-Hold Comparisons To Evaluate Stock Trading by Jack Schwager Benchmark comparisons are a standard technique for the performance of a trading system. One particular benchmark is the buy-and-hold approach. This noted market analyst looks at the steps to using it. Just because a trading system makes money in the stock market doesn't mean it's a good system. After all, it is possible for a system to do well but still fall short of the results that could have been realized by a simple buy-and-hold approach. The key question in testing a stock market system is: How does the system compare w...

AUTHOR: Jack SchwagerDATE: JUN 1999SUBJECT: New Techniques

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• Selecting The Best Futures Price Series For Computer Testing by Jack Schwager

  ARTICLE SYNOPSIS ...Selecting The Best Futures Price Series For Computer Testing by Jack Schwager One problem that traders studying commodity markets face is the fact that individual futures contracts have price characteristics that are not continuous with other contracts within the same market. Jack Schwager, author and director of futures research at Prudential Securities, has some suggestions on dealing with this problem. System traders who wish to test their ideas on futures prices face a major obstacle: the limited life span of futures contracts. In contrast to the equities market, where a given stock is ...

AUTHOR: Jack SchwagerDATE: OCT 1992