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The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method by Jeremy du Plessis

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Chapter 8: Optimisation of Point and Figure Charts

Before discussing the optimisation of Point and Figure charts, it is worth discussing optimisation in general, as it is a subject that requires clarification.

The case for and against optimisation

Optimisation of technical indicators and chart signals has its devotees and its detractors. Optimisation in Technical Analysis is the testing of various entry and exit conditions, as well as calculation parameters, in order to determine which combination has yielded the best results. The emphasis is on the past tense, but it is a wide remit. It can be helpful, but a hindrance as well. It is only helpful when the analyst undertaking optimisation understands the chart or indicator that is being optimised. ...

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