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BROMBERG.TXT
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1993-02-24
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Below is listed a Metastock test of the Bromberg Index mechanical trading
method. This is a short -term trading system that can be programmed into
Metastock in about 5 minutes. It is already optimized based on the last 4
years, but with a little tweaking the results can be improved, depending on
your desired trading posture. The method uses a unique, proprietary form of
stochastic index combined with a special pattern recognition formula.
It can be used for mutual fund switching or for the trading of index options
such as OEX or XMI. Shown are the results on the DJIA assuming 50% margin and
an average 5% money - market interest for the out days over the last 4 years,
using a 2% maximum loss stop. All trades are made at the CLOSE on the day of a
signal, which makes it extremely easy to use for fund switchers. If you do not
own Metastock, all the formulas in the Registered version are completely
disclosed, and can be computed by hand if necessary in about 5 minutes. The
system requires only the last 14 days high, low and close of the DJIA. The
second text file lists all the trades since 1989, and the .PCX file is a
Metastock saved graphic screen of the arrows (signals) and the actual $ equity
line over the last 1464 days. The system, incidentally, closed out a big profit
in the recent DJIA decline and issued it's latest BUY sigal on Friday, Feb. 19,
1993. With mutual fund switching on 50% margin and going out into the money
market fund on a "SELL" signal, the system has averaged about 100% a year since
1989, and about 31% a year since 1982, with very low drawdowns.
You can obtain a single user unlimited license to the fully - disclosed system
for $25.00. It clearly has outperformed "black box" systems that sell for
$3,000 and up. It includes a DJIA Metastock data file of the daily DJIA since
1982, which data itself is worth well over $100. It is sold with no warranties
other than the Metastock test shown. Orders should be sent to :
Int'l Capital Resources
110 Springside Court
Longwood, FL 32779
MetaStock-Pro
Test Summary - DJNEW Test 1
Bromberg Index With Pattern Recognition
Total net profit... 78578.48 Open position value 0.00
Total gain/loss.... 785.78% Annual gain/loss... 195.91%
Initial investment. 10000.00 Days in test....... 1464
Total closed trades 84 Commissions paid... 0.00
Avg prft per trade. 935.46
Total long trades.. 39 Total short trades. 45
Winning long trades 30 Winning shrt trades 29
Total win trades... 59 Total lose trades.. 25
Amt of win trades.. 111369.34 Amt of lose trades. -33111.32
Average win........ 1887.62 Average loss....... -1324.45
Largest win........ 8852.37 Largest loss....... -3727.52
Avg length of win.. 13.07 Avg length of loss. 9.12
Longest win trade.. 36 Longest lose trade. 31
Longest cons wins.. 10 Longest cons losses 3
Total bars out..... 108 System close d/down -201.15
Average length out. 4.50 System open d/down. -432.92
Longest out period. 20 Max open trade d/dn -2160.36
Profit/Loss index.. 70.35
Interest earned.... 320.46 Reward/Risk index.. 99.45