ADT-06 system performance market report ======================================= Fixed-equity system test summary for all stocks in the ASX 500 from 01/4/1999 to 1/4/2004 (5 years) Based on $10000 trades with $34 commissions: winning trades rate: 55.1% <--= total wins/losses/trades: 3496 / 2848 / 6344 gain to loss ratio: 41.75 to 1 <--= avg length of each trade: 34.8 trade days <--= annualized profit per trade: 53.39% pa <--= avg time in market/trade: 3.5% avg new trades per day: 6.3 avg winning trade profit: $1371 avg losing trade loss: -$40 avg trade profit: $737.46 daily $ profit per trade: $21.19 avg max $ trade drawdown: -$140.9 avg max % trade drawdown: 1.41% risk/profit index: 19.1% <--= total market net profit: $4678445 <--= total commissions: $431392 highest stock profit: $160099 (MUL) highest stock loss: -$12718 (ANM) highest trade drawdown: -$8785 (ANM) Based on $14195 trades (adj to 2% avg max drawdown): comparative profit/trade: 77.85% pa <--= daily $ profit per trade: $30.89 avg trade profit: $1075.34 avg max $ trade drawdown: -$200 total adj market net profit: $6821970 Overall market summary: stocks tested: 494 stocks traded: 493 avg test days per stock: 1005 (4 years) Test parameters: Buy Long on Open, Entry delay 1 day; Sell Long on Open, Exit delay 1 day. GICS Industry Groups test results ================================= - based on $10000 trades with $34 commissions 101 Energy: ========== winning trades rate: 55% total wins/losses/trades: 149 / 122 / 271 gain to loss ratio: 105.63 to 1 avg length of each trade: 34.7 trade days annualized profit per trade: 56.46% pa avg max % trade drawdown: 1.1% risk/profit index: 14.2% total market net profit: $210459 151 Materials: ============= winning trades rate: 56.6% total wins/losses/trades: 714 / 547 / 1261 gain to loss ratio: 73.86 to 1 avg length of each trade: 34.5 trade days annualized profit per trade: 81.03% pa avg max % trade drawdown: 1.5% risk/profit index: 13.6% total market net profit: $1400212 201 Capital Goods: ================= winning trades rate: 54.8% total wins/losses/trades: 178 / 147 / 325 gain to loss ratio: infinite to 1 avg length of each trade: 34 trade days annualized profit per trade: 52.05% pa avg max % trade drawdown: 1.28% risk/profit index: 18.2% total market net profit: $228284 202 Commercial Services & Supplies: ================================== winning trades rate: 58.8% total wins/losses/trades: 193 / 135 / 328 gain to loss ratio: 19.75 to 1 avg length of each trade: 35.7 trade days annualized profit per trade: 59.19% pa avg max % trade drawdown: 1.67% risk/profit index: 19.9% total market net profit: $275341 203 Transportation: ================== winning trades rate: 59.3% total wins/losses/trades: 89 / 61 / 150 gain to loss ratio: 12.44 to 1 avg length of each trade: 34.6 trade days annualized profit per trade: 23.76% pa avg max % trade drawdown: 1.06% risk/profit index: 32.5% total market net profit: $48864 251 Automobile & Components: =========================== winning trades rate: 61.4% total wins/losses/trades: 51 / 32 / 83 gain to loss ratio: 9.41 to 1 avg length of each trade: 34.4 trade days annualized profit per trade: 47.47% pa avg max % trade drawdown: 1.34% risk/profit index: 20.6% total market net profit: $53835 252 Consumer Durables & Apparel: =============================== winning trades rate: 64.5% total wins/losses/trades: 60 / 33 / 93 gain to loss ratio: infinite to 1 avg length of each trade: 35.8 trade days annualized profit per trade: 67.6% pa avg max % trade drawdown: 1.55% risk/profit index: 16.1% total market net profit: $89429 253 Hotels, Restaurants & Leisure: ================================= winning trades rate: 48.7% total wins/losses/trades: 97 / 102 / 199 gain to loss ratio: 13.4 to 1 avg length of each trade: 34.6 trade days annualized profit per trade: 25.99% pa avg max % trade drawdown: 1.55% risk/profit index: 43.4% total market net profit: $70980 254 Media: ========= winning trades rate: 56.1% total wins/losses/trades: 170 / 133 / 303 gain to loss ratio: 88.39 to 1 avg length of each trade: 35.3 trade days annualized profit per trade: 45.69% pa avg max % trade drawdown: 1.34% risk/profit index: 21% total market net profit: $193686 255 Retailing: ============= winning trades rate: 55.2% total wins/losses/trades: 111 / 90 / 201 gain to loss ratio: 89.31 to 1 avg length of each trade: 32.8 trade days annualized profit per trade: 46.48% pa avg max % trade drawdown: 1.31% risk/profit index: 21.6% total market net profit: $121657 301 Food & Staples Retailing: ============================ winning trades rate: 61.9% total wins/losses/trades: 52 / 32 / 84 gain to loss ratio: infinite to 1 avg length of each trade: 36.3 trade days annualized profit per trade: 28.52% pa avg max % trade drawdown: 0.96% risk/profit index: 23.4% total market net profit: $34479 302 Food, Beverage & Tobacco: ============================ winning trades rate: 51.2% total wins/losses/trades: 150 / 143 / 293 gain to loss ratio: 15.83 to 1 avg length of each trade: 34.3 trade days annualized profit per trade: 24.48% pa avg max % trade drawdown: 1.05% risk/profit index: 31.3% total market net profit: $97720 no trades for 303 Household & Personal Products =============================================== 351 Health Care Equipment & Services: ==================================== winning trades rate: 57.3% total wins/losses/trades: 197 / 147 / 344 gain to loss ratio: 46.79 to 1 avg length of each trade: 35.8 trade days annualized profit per trade: 52.3% pa avg max % trade drawdown: 1.69% risk/profit index: 22.8% total market net profit: $255630 352 Pharmaceuticals & Biotechnology: =================================== winning trades rate: 51.6% total wins/losses/trades: 148 / 139 / 287 gain to loss ratio: 99.12 to 1 avg length of each trade: 36.4 trade days annualized profit per trade: 100.2% pa avg max % trade drawdown: 1.95% risk/profit index: 13.5% total market net profit: $415046 401 Banks: ========= winning trades rate: 56.8% total wins/losses/trades: 92 / 70 / 162 gain to loss ratio: infinite to 1 avg length of each trade: 34.7 trade days annualized profit per trade: 21.23% pa avg max % trade drawdown: 0.64% risk/profit index: 21.9% total market net profit: $47353 402 Diversified Financials: ========================== winning trades rate: 54.3% total wins/losses/trades: 266 / 224 / 490 gain to loss ratio: 46.93 to 1 avg length of each trade: 33.7 trade days annualized profit per trade: 38.41% pa avg max % trade drawdown: 1.16% risk/profit index: 22.5% total market net profit: $252064 403 Insurance: ============= winning trades rate: 54.3% total wins/losses/trades: 51 / 43 / 94 gain to loss ratio: 10.4 to 1 avg length of each trade: 34.6 trade days annualized profit per trade: 43.56% pa avg max % trade drawdown: 1.28% risk/profit index: 21.4% total market net profit: $56181 404 Real Estate: =============== winning trades rate: 55.5% total wins/losses/trades: 376 / 301 / 677 gain to loss ratio: 15.05 to 1 avg length of each trade: 34.5 trade days annualized profit per trade: 18.59% pa avg max % trade drawdown: 0.8% risk/profit index: 31.5% total market net profit: $172089 451 Software & Services: ======================= winning trades rate: 54.3% total wins/losses/trades: 177 / 149 / 326 gain to loss ratio: 85.98 to 1 avg length of each trade: 36.1 trade days annualized profit per trade: 104.35% pa avg max % trade drawdown: 2.5% risk/profit index: 16.7% total market net profit: $486904 452 Technology Hardware & Equipment: =================================== winning trades rate: 47.9% total wins/losses/trades: 58 / 63 / 121 gain to loss ratio: 9.62 to 1 avg length of each trade: 34.7 trade days annualized profit per trade: 31.57% pa avg max % trade drawdown: 1.94% risk/profit index: 44.5% total market net profit: $52641 453 Semiconductors & Semiconductor Equipment: ============================================ winning trades rate: 37.5% total wins/losses/trades: 6 / 10 / 16 gain to loss ratio: 0 to 1 avg length of each trade: 34.4 trade days annualized profit per trade: -16.23% pa avg max % trade drawdown: 3.86% risk/profit index: infinite total market net profit: -$3541 501 Telecommunication Services: ============================== winning trades rate: 44.1% total wins/losses/trades: 60 / 76 / 136 gain to loss ratio: 41.96 to 1 avg length of each trade: 35.4 trade days annualized profit per trade: 56.81% pa avg max % trade drawdown: 2.19% risk/profit index: 27.4% total market net profit: $108592 551 Utilities: ============= winning trades rate: 50.5% total wins/losses/trades: 50 / 49 / 99 gain to loss ratio: 14.28 to 1 avg length of each trade: 36.8 trade days annualized profit per trade: 7.1% pa avg max % trade drawdown: 1.19% risk/profit index: 115.1% total market net profit: $10258 --- GICS not applicable: ======================= winning trades rate: 100% total wins/losses/trades: 1 / 0 / 1 gain to loss ratio: infinite to 1 avg length of each trade: 6 trade days annualized profit per trade: 117.3% pa avg max % trade drawdown: 0.34% risk/profit index: 12.2% total market net profit: $279 Max $ In Total $ trade trade test Code Name Profit drawdown W L days days 101 Energy: ========== AYO Amity Oil Ltd +15052 -2027 9 7 549 1262 ARQ ARC Energy Ltd +29366 -2064 9 7 547 1230 AWE Australian Worldwide Exploration Ltd +21934 -952 13 3 531 1246 BSO Bass Strait Oil Trust +2080 -504 6 10 566 1223 BPT Beach Petroleum Ltd +8157 -1335 10 6 551 1260 CTX Caltex Australia Ltd +21137 -1086 9 7 551 1266 HDR Hardman Resources Ltd +19397 -2379 9 7 546 1259 MOS Mosaic Oil NL +6770 -2618 10 6 548 1257 NVS Novus Petroleum Ltd +346 -1893 8 8 551 1266 OSH Oil Search Ltd (PNG) +6157 -2648 7 9 551 1265 ORG Origin Energy Ltd +5258 -1216 11 2 492 1040 PSA Petsec Energy Ltd +31532 -2831 9 7 489 1186 ROC Roc Oil Company Ltd +8116 -1458 9 6 535 1175 STO Santos Ltd -1433 -889 5 11 551 1266 SGL Sydney Gas Ltd +21809 -2425 7 8 527 1261 TAP Tap Oil Ltd +6265 -962 9 7 551 1266 WPL Woodside Petroleum Ltd -578 -1633 6 10 551 1266 WOR Worley Group Ltd +9094 -940 3 1 207 333 151 Materials: ============= ABX Abelle Ltd +23553 -1764 4 2 296 458 ABC Adelaide Brighton Ltd +8813 -689 10 6 551 1266 ALK Alkane Exploration Ltd +20041 -1819 11 5 577 1175 AWC Alumina Ltd +678 -1533 7 9 551 1266 AMC Amcor Ltd +3366 -529 11 5 551 1265 AGG AngloGold Ltd (S Africa CUFS) +6295 -1769 8 5 448 1045 AVL Anvil Mining NL +41873 -1510 9 4 469 1117 AQP Aquarius Platinum Ltd (Bermuda) +11102 -2417 10 6 551 1251 ASL Ausdrill Ltd +13545 -2138 10 7 532 1142 ANE Auspine Ltd +91 -1637 7 7 517 1191 AUO Austral Coal Ltd +20088 -1458 8 9 583 1223 ANM Australian Magnesium Corporation Ltd -12718 -8785 4 11 539 1244 BGF Ballarat Goldfields NL +42433 -1972 6 5 394 962 BDG Bendigo Mining NL +17772 -1231 12 5 552 1252 BHP BHP Billiton Ltd +648 -1402 7 9 551 1266 BSL BlueScope Steel Ltd +8391 -466 4 2 271 435 BLD Boral Ltd +8069 -649 10 6 551 1266 BOC Bougainville Copper Ltd (PNG) +3534 -2027 5 8 417 1066 BKW Brickworks Ltd +9610 -608 13 5 568 1100 CPB Campbell Brothers Ltd +7471 -436 8 6 512 1230 CAA Capral Aluminium Ltd +4705 -1608 11 5 551 1266 CBH CBH Resources Ltd +27722 -2918 9 7 472 1186 CNT Centamin Egypt Ltd +22274 -1767 7 8 497 1197 CEY Centennial Coal Company Ltd +18863 -1056 10 5 517 1224 CGX Central Asia Gold Ltd +11705 -1812 2 3 132 540 CNA Coal & Allied Industries Ltd +3501 -1660 4 4 206 557 CSM Consolidated Minerals Ltd +18154 -1166 9 7 525 1175 CRT Consolidated Rutile Ltd +1522 -3562 5 8 410 988 CRS Croesus Mining NL +8499 -2399 9 7 557 1239 CSR CSR Ltd +2718 -1568 7 9 551 1266 CMK Cumnock Coal Ltd -6501 -4220 0 2 49 171 DOM Dominion Mining Ltd +6131 -1623 8 8 513 1215 DRA Dragon Mining NL +44858 -2138 4 9 405 1047 EMP Emperor Mines Ltd +2463 -2368 5 9 533 1178 ERA Energy Resources of Australia Ltd +7672 -1742 8 7 493 1185 EQM Equatorial Mining Ltd +26754 -620 2 1 109 360 EQI Equigold NL +11429 -1065 8 6 436 1054 EQR Equinox Resources Ltd +27928 -2090 8 5 354 974 GGN Gallery Gold Ltd +527 -4186 2 6 265 719 GTM Giants Reef Mining Ltd +23216 -1736 10 6 549 1257 GDM Goldstream Mining NL +21960 -2104 10 6 531 1234 GRD GRD NL +12126 -1592 8 7 506 1147 GTP Great Southern Plantations Ltd +25824 -1868 8 7 534 1195 GNS Gunns Ltd +14051 -1227 11 4 542 1248 HIG Highlands Pacific Ltd (PNG) +34345 -2643 8 8 540 1251 ILU Iluka Resources Ltd +3285 -925 9 7 551 1266 IPL Incitec Pivot Ltd +498 -67 3 0 94 172 IGO Independence Group NL +23641 -1240 4 3 282 548 JHX James Hardie Industries NV (CUFS) +7503 -857 11 5 551 1266 JBM Jubilee Mines NL +15601 -1966 8 8 547 1257 KZL Kagara Zinc Ltd +12279 -1281 9 4 419 981 KIM Kimberley Diamond Company NL +47407 -2668 9 7 548 1260 KCN Kingsgate Consolidated Ltd +13019 -2170 6 8 497 1181 LHG Lihir Gold Ltd (PNG) +6564 -1458 9 7 551 1266 LSG Lion Selection Group Ltd +16407 -1283 9 7 529 1214 LYC Lynas Corporation Ltd +18373 -3100 8 7 388 1106 MCC Macarthur Coal Ltd +202 -2775 3 5 401 690 MRE Minara Resources Ltd +7202 -4879 4 12 551 1265 MCR Mincor Resources NL +38349 -1363 10 4 512 1084 MPM MPI Mines Ltd +26361 -935 2 1 162 293 NCI National Can Industries Ltd +11164 -1031 7 2 304 752 NHC New Hope Corporation Ltd +473 -778 2 0 32 137 NCM Newcrest Mining Ltd +14196 -1397 8 8 551 1266 NUF NuFarm Ltd +10096 -1592 10 6 569 1193 OST Onesteel Ltd +10490 -880 7 5 476 869 ORI Orica Ltd +10808 -621 7 9 551 1266 OXR Oxiana Ltd +39564 -2491 12 5 566 1252 PNA Pan Australian Resources NL +20333 -2525 6 5 411 1062 PPX PaperlinX Ltd +2850 -1414 7 6 491 996 PEM Perilya Ltd +14189 -2875 9 5 462 1143 PSV Perseverance Corporation Ltd +23198 -1778 7 5 421 1030 PPK Plaspak Group Ltd +4744 -1786 8 7 531 1068 PMM Portman Ltd +12915 -1563 10 6 551 1266 RBK Red Back Mining NL +21569 -1937 10 4 439 1076 RSG Resolute Mining Ltd +20788 -1934 10 6 551 1264 RIN Rinker Group Ltd +4098 -602 2 1 164 254 RIO Rio Tinto Ltd +433 -1533 7 9 551 1266 SMY Sally Malay Mining Ltd +27155 -2211 5 2 322 608 SED Sedimentary Holdings Ltd +18328 -1767 8 5 471 1143 SMS Sims Group Ltd +8523 -946 11 5 551 1266 SGX Sino Gold Ltd +11569 -1866 2 2 204 323 SRI Sipa Resources Ltd +34939 -3855 9 6 494 1178 SSX Smorgon Steel Group Ltd +12232 -1290 9 7 551 1265 SGW Sons of Gwalia Ltd +10993 -5408 7 9 551 1266 SRL Straits Resources Ltd +20630 -2525 10 5 456 1106 SMC Strategic Minerals Corporation NL +7989 -4685 5 7 371 875 SYM Symex Holdings Ltd +4062 -3110 6 6 471 903 TAW Tawana Resources NL +16354 -1939 5 3 363 625 TOR Ticor Ltd +7277 -2195 12 4 539 1235 TIM Timbercorp Ltd +23443 -2454 10 6 551 1264 TIR Titan Resources NL +28932 -2170 8 7 534 1225 TKR Triako Resources Ltd +15561 -2132 7 5 398 969 TRY Troy Resources NL +13349 -3551 9 5 423 1091 WYL Wattyl Ltd +14550 -1695 13 3 551 1265 WSA Western Areas NL +36975 -4367 3 4 303 706 WFL Willmott Forests Ltd +20915 -924 4 3 271 488 WMR WMC Resources Ltd +733 -1368 1 3 209 333 201 Capital Goods: ================= AJL AJ Lucas Group Ltd +14899 -1966 10 6 508 1144 ALS Alesco Corporation Ltd +13031 -1151 10 5 522 1231 AHS Atlas Group Holdings Ltd +345 -349 1 2 106 198 ASB Austal Ltd +2579 -1936 7 8 529 1245 BOL Boom Logistics Ltd +1054 -100 1 0 12 115 CDX CDS Technologies Ltd +24390 -2368 6 7 451 1017 CLO Clough Ltd +1278 -3772 5 11 550 1260 CMI CMI Ltd +8599 -1374 11 4 520 1177 CRG Crane Group Ltd +3102 -1104 10 6 551 1261 EOS Electro Optic Systems Holdings Ltd +27634 -3292 4 2 264 571 GWT GWA International Ltd +3458 -763 8 8 551 1265 HWE Henry Walker Eltin Group Ltd +11269 -1571 9 7 551 1263 HNG HGL Ltd +3927 -878 6 5 371 1043 HIL Hills Industries Ltd +4462 -1091 8 8 578 1252 LEI Leighton Holdings Ltd +4630 -1112 9 7 551 1266 LCL Lighting Corporation Ltd +588 -891 4 6 299 740 MAH Macmahon Holdings Ltd +28869 -2659 8 7 554 1263 MXI MaxiTRANS Industries Ltd +21084 -2752 10 4 503 1181 MST Metal Storm Ltd +7267 -2610 7 8 532 1189 MND Monadelphous Group Ltd +8103 -1134 8 8 481 1093 NLX Nylex Ltd +1570 -4125 7 9 549 1262 REH Reece Australia Ltd +7432 -571 5 5 239 515 SST Steamships Trading Company Ltd (PNG) +10933 -1060 4 2 178 471 UGL United Group Ltd +13679 -2035 9 7 551 1266 WES Wesfarmers Ltd +4102 -979 11 5 551 1266 202 Commercial Services & Supplies: ================================== ABS ABC Learning Centres Ltd +22806 -1125 10 1 433 750 BAX Baxter Group Ltd +9652 -1335 2 2 207 357 BIL Brambles Industries Ltd -5115 -1831 5 11 551 1266 CAB Cabcharge Australia Ltd +3363 -1242 8 5 469 1063 CND Candle Australia Ltd +6492 -1435 7 7 499 1239 CDC Child Care Centres Australia Ltd -3587 -5955 2 3 211 360 COA Coates Hire Ltd +16848 -1639 10 6 551 1266 COF Coffey International Ltd +13686 -1601 11 5 497 1118 CLH Collection House Ltd -1936 -4790 5 7 476 882 CXP Corporate Express Australia Ltd +6351 -1245 11 4 527 1258 CCP Credit Corp Group Ltd +13265 -924 4 4 295 718 DOW Downer EDI Ltd +7446 -2238 4 11 534 1033 IWF Integrated Group Ltd +15519 -901 7 2 354 861 LCO Legalco Ltd +13187 -1363 6 3 260 671 MCP McPhersons Ltd +20888 -620 14 2 547 1249 MXL MXL Ltd +46596 -2816 8 7 510 1152 NOL National 1 Ltd -4042 -5349 4 6 407 742 PIV Peppercorn Investment Fund +2066 -433 2 0 84 216 PMG Peppercorn Management Group Ltd +23090 -992 4 0 205 345 PRG Programmed Maintenance Services Ltd +7090 -957 10 5 523 1105 RBS Roberts Ltd +15081 -433 9 2 360 763 SAI SAI Global Ltd +993 -497 1 1 32 71 SLM Salmat Ltd +8992 -653 3 1 207 333 SKE Skilled Engineering Ltd +16748 -1818 8 8 550 1265 SPT Spotless Group Ltd +1587 -2827 10 6 551 1265 TEM Tempo Services Ltd +1240 -1653 8 8 543 1249 TSE Transfield Services Ltd +5503 -1248 6 4 412 735 VTI Virotec International Ltd +5804 -3390 8 9 556 1199 WDP Wadepack Ltd +5731 -3356 6 5 371 731 203 Transportation: ================== ADZ Adsteam Marine Ltd +6538 -797 7 9 551 1260 AIX Australian Infrastructure Group +1029 -855 7 9 551 1264 HLY Hills Motorway Trust -2037 -1291 7 9 551 1266 KSC K&S Corporation Ltd +16733 -1220 9 3 412 1045 MAP Macquarie Airports +9586 -1376 4 1 229 412 MIG Macquarie Infrastructure Group +587 -1010 10 6 551 1259 PRK Patrick Corporation Ltd +4693 -2474 10 6 551 1265 PIF Prime Infrastructure Group -92 -479 2 1 106 201 QAN Qantas Airways Ltd +1646 -2803 9 7 548 1263 TOL Toll Holdings Ltd +11506 -2398 14 2 550 1265 TCL Transurban Group -2143 -1156 8 8 551 1266 VBA Virgin Blue Holdings Ltd +818 -34 2 0 32 78 251 Automobile & Components: =========================== BDS Bridgestone Australia Ltd +12417 -1889 8 5 368 919 CYG Coventry Group Ltd +2887 -675 7 5 463 1112 ION ION Ltd (Iron Carbide Australia Ltd) +25123 -2296 10 6 557 1197 OEC Orbital Engine Corporation Ltd -6401 -4205 9 7 551 1265 PBB Pacifica Group Ltd +4467 -1136 8 8 551 1266 SFC Schaffer Corporation Ltd +15342 -883 9 1 368 755 252 Consumer Durables & Apparel: =============================== BBG Billabong International Ltd +4897 -1976 6 6 476 920 FWD Fleetwood Corporation Ltd +13543 -873 10 5 490 1077 FUN Funtastic Ltd +18523 -848 9 3 469 884 GAP Gale Pacific Ltd +9561 -1922 5 3 366 709 GZL Gazal Corporation Ltd +2932 -351 6 4 302 734 GLB Globe International Ltd +6300 -6512 5 5 412 718 GUD GUD Holdings Ltd +17506 -741 13 3 551 1266 KRS Kresta Holdings Ltd +16167 -1208 6 4 268 930 253 Hotels, Restaurants & Leisure: ================================= AGI Ainsworth Game Technology Ltd +3595 -2153 5 3 326 576 ALL Aristocrat Leisure Ltd +9418 -4932 9 7 549 1262 ALH Australian Leisure & Hospitality Grp +311 -288 1 1 32 99 BCL Betcorp Ltd -5552 -4685 5 7 403 980 BRK BreakFree Ltd +3576 -2027 3 1 203 373 BIR Burswood Ltd +5307 -1443 6 10 550 1265 CAI Casinos Austria International Ltd +2737 -2387 7 8 468 1136 FLT Flight Centre Ltd +2814 -1321 7 9 551 1264 IAS International All Sports Ltd +4708 -3393 6 8 481 1096 RCT Reef Casino Trust +8232 -1600 7 8 492 1146 SSS Sam's Seafood Holdings Ltd +13793 -1463 5 3 286 531 SGS Stargames Ltd +5977 -1809 7 8 500 1230 SAQ Sydney Aquarium Ltd +3881 -812 5 7 439 1069 TAB TAB Ltd +2817 -876 9 7 551 1266 TAH Tabcorp Holdings Ltd -175 -1003 5 11 551 1266 UTB UNiTAB Ltd +9543 -585 10 4 500 1104 254 Media: ========= AVV AAV Ltd +36965 -4866 11 4 512 1115 AAU Adcorp Australia Ltd +1489 -2228 4 8 439 886 AHD Amalgamated Holdings Ltd +11380 -1319 10 6 550 1259 APN APN News & Media Ltd +26 -2497 8 8 550 1265 AUN Austar United Communications Ltd +40730 -5193 10 5 535 1189 AEO Austereo Group Ltd -2216 -1163 3 8 442 778 FXJ Fairfax (John) Holdings Ltd +22 -1510 7 9 549 1264 MCG Macquarie Communications Infr Group +4507 -396 6 0 267 414 NCP News Corporation Ltd +7769 -889 7 9 551 1266 PMP PMP Ltd +15243 -5386 9 7 551 1266 PRT Prime Television Ltd +6450 -1184 9 6 538 1232 PBL Publishing & Broadcasting Ltd +6453 -1635 9 7 551 1265 REG RG Capital Radio Ltd +5295 -792 6 2 316 537 RUP Rural Press Ltd +4626 -1332 12 5 571 1207 SEV Seven Network Ltd +8851 -809 10 6 551 1266 SBC Southern Cross Broadcasting (Aust) +3517 -1036 9 7 597 1234 SSR Southern Star Group Ltd +17729 -4145 6 6 407 1129 SGN STW Communications Group Ltd +3344 -1574 8 8 557 1186 TEN Ten Network Holdings Ltd +6879 -532 9 7 551 1266 VRL Village Roadshow Ltd +12470 -1432 11 5 546 1260 WAN West Australian Newspapers Holdings +2159 -667 6 10 551 1266 255 Retailing: ============= ADG Adtrans Group Ltd +7960 -781 10 4 379 944 ANC Angus & Coote Ltd +3937 -1989 4 2 196 641 APE AP Eagers Holdings Ltd +5307 -739 7 4 338 803 ARP ARB Corporation Ltd +10032 -869 7 6 478 1011 BRZ Brazin Ltd +6309 -4262 8 8 551 1266 CDO Colorado Group Ltd +11714 -1031 9 5 499 1086 CTY Country Road Ltd +5114 -2027 1 0 20 76 DKS Danks Holdings Ltd +1060 -1234 5 4 175 458 DJS David Jones Ltd +1260 -1566 7 9 551 1266 FAN Fantastic Holdings Ltd +22646 -831 11 2 449 1023 HVN Harvey Norman Holdings Ltd -540 -1606 5 11 551 1266 HLD HomeLeisure Ltd +14407 -3169 9 2 339 680 HWI Housewares International Ltd +15119 -1381 6 9 523 1209 JBH JB Hi-Fi Ltd +124 -120 1 1 32 110 MRL Miller's Retail Ltd -837 -1280 6 10 551 1264 ORL OrotonGroup Ltd +10710 -1767 7 3 357 821 REB Rebel Sport Ltd +6760 -1363 7 9 575 1246 RCL Repco Corporation Ltd +575 -322 1 1 32 90 301 Food & Staples Retailing: ============================ ABB ABB Grain Ltd +3434 -414 4 2 253 404 AWB AWB Ltd +3123 -453 5 3 387 659 CML Coles Myer Ltd +5348 -1318 9 7 551 1264 FOA Foodland Associated Ltd +4614 -1454 12 4 551 1261 MTT Metcash Trading Ltd +11232 -1469 8 8 548 1260 PMV Premier Investments Ltd +5638 -1853 4 2 206 558 WOW Woolworths Ltd +1091 -1112 10 6 551 1266 302 Food, Beverage & Tobacco: ============================ AAC Australian Agricultural Company Ltd +5493 -929 4 4 388 668 AFF Australian Food & Fibre Ltd +1288 -2332 4 6 271 715 BPC Burns Philp & Company Ltd +7794 -1998 10 6 551 1264 CHQ Chiquita Brands South Pacific Ltd +8740 -1534 9 8 537 1125 CCL Coca-Cola Amatil Ltd -59 -1288 9 7 551 1266 ETW Evans & Tate Ltd +5233 -1695 8 6 480 1045 FGL Foster's Group Ltd -2680 -687 4 12 551 1265 FCL Futuris Corporation Ltd -1043 -2769 9 7 551 1266 GNC GrainCorp Ltd +3851 -1249 7 8 509 1221 GFD Green's Foods Ltd +8911 -1478 6 9 544 1168 LNN Lion Nathan Ltd -906 -1245 6 10 551 1265 MGW McGuigan Simeon Wines Ltd +4407 -1669 9 7 542 1251 NFD National Foods Ltd +5136 -988 7 9 551 1266 PSG Palm Springs Ltd +5706 -2248 7 5 390 952 PLW Peter Lehmann Wines Ltd +8253 -787 9 5 497 1130 QCH Queensland Cotton Ltd +3634 -1179 8 7 529 1255 RIC Ridley Corporation Ltd +6716 -1614 9 7 551 1266 SHV Select Harvests Ltd +16680 -1065 9 2 400 1057 SRP Southcorp Ltd -1901 -2483 6 10 548 1262 SPC SPC Ardmona Ltd +11995 -817 9 7 535 1226 TGR Tassal Group Ltd +471 -580 1 1 32 94 351 Health Care Equipment & Services: ==================================== ANN Ansell Ltd +5136 -1429 6 10 551 1266 AXN Axon Instruments Inc (USA CUFS) +646 -3484 7 6 492 1027 BKL Blackmores Laboratories Ltd +4387 -1151 5 9 491 1196 COH Cochlear Ltd -1284 -2103 9 7 551 1266 CMP Compumedics Ltd +9162 -2657 5 7 452 779 DVC DCA Group Ltd +11225 -1182 12 5 536 983 GGL Gribbles Group Ltd (The) +2050 -1963 10 6 551 1260 HCN Health Communication Network Ltd +34075 -3352 8 4 452 1052 HSP Healthscope Ltd +9919 -2470 10 6 564 1201 IPN Independent Practitioner Network Ltd +3699 -3614 4 8 445 1015 IVC InvoCare Ltd +882 -211 2 0 32 80 MAY Mayne Group Ltd -1567 -2315 6 10 548 1261 MIA MIA Group Ltd +2744 -2775 8 5 483 945 NAL Norwood Abbey Ltd +34084 -3074 9 4 486 924 OMI Occupational & Medical Innovatns Ltd +21858 -3564 7 5 436 765 PLT Polartechnics Ltd -2731 -4202 8 7 550 1243 PRY Primary Healthcare Ltd +7702 -2106 9 4 501 1189 PLF Primelife Corporation Ltd +10998 -1688 9 7 546 1253 PME Pro Medicus Ltd +4308 -1072 4 3 354 774 RHC Ramsay Health Care Ltd +8071 -1447 10 6 550 1263 RMD ResMed Inc (USA CUFS) +1092 -3453 8 6 500 1096 SDI SDI Ltd +23108 -2321 7 5 418 909 SIG Sigma Company Ltd +17884 -1126 10 5 519 1113 SHL Sonic Healthcare Ltd +3211 -1192 11 5 550 1265 UNI Unitract Ltd +9325 -2568 2 2 209 356 VCR Ventracor Ltd +35648 -1733 11 5 550 1260 352 Pharmaceuticals & Biotechnology: =================================== AGX Agenix Ltd +31926 -1475 8 7 551 1260 ABI Ambri Ltd +15552 -4643 8 6 471 929 AML AMRAD Corporation Ltd +16306 -2499 6 10 544 1254 AWP Arrow Pharmaceuticals Ltd +10046 -383 3 1 193 349 API Australian Pharmaceutical Ind Ltd +5292 -1355 10 6 550 1255 BLT Benitec Ltd +29251 -2811 6 3 302 728 BTA Biota Holdings Ltd +9702 -4555 10 6 551 1266 CST Cellestis Ltd +4484 -1546 6 4 415 743 CMQ Chemeq Ltd +43825 -1441 7 5 462 1099 CIR Circadian Technologies Ltd +26739 -2003 9 7 550 1250 CSL CSL Ltd -4230 -2897 7 9 551 1264 EPT EpiTan Ltd +79175 -1848 4 5 363 732 GTG Genetic Technologies Ltd +9340 -2465 5 9 467 1126 IDT Institute of Drug Technology Aust +2868 -1878 6 9 514 1233 MBP Metabolic Pharmaceuticals Ltd +18201 -2634 8 8 548 1241 NRT Novogen Ltd +23796 -2772 6 10 551 1265 PEP Peplin Biotech Ltd +8349 -1548 7 5 465 867 PTD Peptech Ltd +11354 -5508 10 6 546 1256 PBT Prana Biotechnology Ltd +12293 -4724 6 6 486 980 PSD pSivida Ltd +41282 -2334 6 6 463 818 SRX Sirtex Medical Ltd +6658 -2488 4 6 438 895 SPL Starpharma Holdings Ltd +12836 -2214 6 5 457 849 401 Banks: ========= ADB Adelaide Bank Ltd +6003 -471 12 4 550 1265 ANZ Australia & NZ Banking Group Ltd +3372 -625 10 6 551 1266 BOQ Bank of Queensland Ltd +6038 -736 9 7 550 1264 BEN Bendigo Bank Ltd +3955 -1340 9 7 551 1266 CBA Commonwealth Bank Ltd +1929 -1024 9 7 551 1264 HME Home Building Society Ltd +6422 -918 2 4 257 487 NAB National Australia Bank Ltd +2061 -954 6 10 551 1266 ROK Rock Building Society Ltd (The) +3457 -1401 6 8 497 1118 SGB St George Bank Ltd +3786 -932 9 7 551 1266 WBC Westpac Banking Corporation +4694 -1221 11 5 551 1266 WBB Wide Bay Australia Ltd +5637 -726 9 5 462 987 402 Diversified Financials: ========================== ALR Aberdeen Leaders Ltd -555 -793 7 9 442 1093 AMH AMCIL Ltd +51338 -1529 6 7 438 1011 ARG Argo Investments Ltd +3351 -470 9 7 551 1266 AFI Australian Foundation Invest Ltd +2584 -356 7 9 551 1266 ASX Australian Stock Exchange Ltd +7108 -1344 10 6 551 1266 AUI Australian United Investment Ltd +3528 -318 7 0 199 658 BKI Brickworks Investment Company Ltd -136 -237 0 2 32 74 CIN Carlton Investments Ltd +4919 -1160 9 6 461 844 CGF Challenger Financial Services Group +7557 -1580 9 7 551 1262 CHO Choiseul Investments Ltd +2108 -681 5 5 297 805 CIY City Pacific Ltd +20654 -1567 4 2 234 538 CDF Commonwealth Diversifd Share Fund +1981 -397 8 9 519 1197 COU Count Financial Ltd +7105 -1846 6 3 389 762 CVC CVC Ltd +9502 -1159 4 1 144 380 DUI Diversified United Investment Ltd +5885 -636 9 2 325 944 DJW Djerriwarth Investments Ltd +554 -922 8 8 551 1266 ETR ETRADE Australia Ltd +16692 -3279 6 10 513 1223 GOW Gowing Bros Ltd +5720 -508 7 4 415 1121 HHL Hunter Hall International Ltd +13254 -1743 6 3 389 697 HIC Huntley Investment Company Ltd +3615 -593 8 6 446 1091 IWI International Wine Investment Fund +3085 -3539 6 10 503 1205 IGP Investor Group Ltd +8577 -1626 8 9 505 1152 IFL IOOF Holdings Ltd +168 -256 1 1 32 79 IBC Ironbark Capital Ltd +3177 -1729 12 4 532 1238 JDV JDV Ltd +6091 -2379 6 9 443 1093 MBL Macquarie Bank Ltd +3925 -1765 8 8 551 1264 MFI Mariner Financial Ltd -4798 -5914 1 3 117 275 MLT Milton Corporation Ltd +2876 -424 5 11 552 1236 MIR Mirrabooka Investments Ltd +4202 -549 3 5 387 666 OFM OFM Investment Group Ltd +2652 -1819 3 4 279 502 PPT Perpetual Trustees Australia Ltd +1941 -1703 6 10 551 1266 PMC Platinum Capital Ltd +6429 -838 12 4 551 1266 RCD Record Investments Ltd +8535 -681 10 1 438 773 SFE SFE Corporation Ltd +3103 -2309 3 4 285 497 SUN Suncorp-Metway Ltd +1914 -1242 9 7 551 1265 TPX Tasmanian Perpetual Trustees Ltd +1173 -2132 1 4 152 326 TGG Templeton Global Growth Fund Ltd +1584 -1907 7 7 489 1249 TRG Treasury Group Ltd +9004 -729 5 1 234 603 TRU Trust Company of Australia Ltd +8416 -1590 2 2 227 458 WAM WAM Capital Ltd +6029 -409 11 5 481 1103 SOL Washington H Soul Pattison & Co Ltd +6461 -1009 9 6 521 1242 WHF Whitefield Ltd +754 -951 3 3 157 575 403 Insurance: ============= AMP AMP Ltd -5976 -4268 4 12 549 1263 AXA AXA Asia Pacific Holdings Ltd +5328 -1330 10 6 551 1266 HHG HHG Plc +1443 -34 2 0 32 66 IAG Insurance Australia Group Ltd +3687 -1892 6 6 476 923 OMP OAMPS Ltd +19926 -718 11 3 493 1126 PMN Promina Group Ltd +3598 -344 2 1 106 227 QBE QBE Insurance Group Ltd +2944 -1261 8 8 551 1266 RAC Reinsurance Australia Corporation +25231 -2154 8 7 492 1233 404 Real Estate: =============== ABP Abacus Property Group +87 -207 2 2 209 346 ACF Acumen Capital Prop. Securities Fund +126 -131 1 0 66 159 LEP ALE Property Group +490 -125 2 0 32 96 ARA Ariadne Australia Ltd +6195 -2035 8 9 488 1157 ALZ Australand Property Group +3489 -706 12 5 539 1246 AVJ AV Jennings Homes Ltd +21535 -1398 9 5 465 1047 BWI Beston Wine Industry Trust (The) +1010 -891 7 6 416 874 BWP Bunnings Warehouse Property Trust +39 -801 7 8 543 1263 CDP Carindale Property Trust +2578 -885 8 6 467 1064 CWP Cedar Woods Properties Ltd +5398 -1608 6 8 411 796 CEQ Central Equity Ltd +3398 -509 7 7 497 1243 CEP Centro Properties Ltd +2502 -547 13 3 549 1264 GAN CFS Gandel Retail Trust +340 -551 10 6 550 1265 CPA Commonwealth Property Office Fund -164 -541 7 9 549 1244 DDF Deutsche Diversified Trust -285 -1113 10 6 551 1265 DIT Deutsche Industrial Trust +1933 -274 10 5 542 1249 DOT Deutsche Office Trust -1892 -747 6 7 491 961 DVN Devine Ltd +22915 -3100 11 5 528 1235 FKP FKP Ltd +13113 -840 9 6 558 1260 FPF Flexi Property Fund +880 -1031 8 6 469 1174 GPT General Property Trust -1810 -714 7 9 551 1266 GHG Grand Hotel Group +1691 -1393 9 7 551 1263 IIF ING Industrial Fund +571 -509 9 6 543 1261 IOF ING Office Fund -205 -467 7 6 491 1070 IPG Investa Property Group -880 -974 5 11 549 1261 JFG James Fielding Group +2144 -1502 8 7 558 1182 JFM JF Meridian Trust +811 -303 8 8 550 1264 LLC Lend Lease Corporation Ltd +1743 -1215 6 10 551 1266 MCW Macquarie Countrywide Trust Units +1336 -614 10 6 551 1265 MDT Macquarie DDR Trust +1190 -139 2 0 32 86 MGI Macquarie Goodman Industrial Trust +1210 -483 12 4 551 1260 MGM Macquarie Goodman Management Ltd +18804 -3164 11 5 537 1203 MLE Macquarie Leisure Trust Group +5904 -1322 8 8 551 1265 MOF Macquarie Office Trust Unit -858 -788 8 8 546 1261 MPR Macquarie ProLogis Trust -918 -1114 2 1 106 203 MGR Mirvac Group +793 -461 12 4 551 1211 PAY Payce Consolidated Ltd +10636 -1230 4 2 180 382 PBD Port Bouvard Ltd +11079 -2955 9 3 402 939 PRX Prime Retail Group +1705 -1280 12 4 529 1246 PAO Principal America Office Trust -831 -819 3 8 440 788 RPH Ronin Property Group -1314 -536 5 11 551 1263 SEL S8 Ltd +7210 -2291 6 2 300 543 SRV Servcorp Ltd -142 -3484 5 7 440 922 SGP Stockland +1172 -759 10 6 550 1265 SDG Sunland Group Ltd +11564 -1563 4 5 283 852 THG Thakral Holdings Ltd +4270 -677 8 8 534 1263 VPG Valad Property Group -563 -475 1 3 209 325 VWD Villa World Ltd +11873 -1214 10 5 538 1252 VLL Village Life Ltd +2602 -433 2 0 32 78 WFA Westfield America Trust -192 -913 5 11 550 1262 WSF Westfield Holdings Ltd -564 -1536 7 9 549 1262 WFT Westfield Trust Ltd -1627 -907 8 8 550 1264 451 Software & Services: ======================= ADA Adacel Technologies Ltd -5730 -2116 5 11 539 1227 ALU Altium Ltd +1304 -3863 8 6 509 1170 BCA Baycorp Advantage Ltd +3045 -4945 7 9 551 1266 CTL Citect Corporation Ltd +5725 -5913 8 6 528 1257 CPU Computershare Ltd +13725 -4334 7 9 551 1266 CSI Concept Systems International Ltd +40164 -4818 4 7 379 905 HPX HPAL Ltd +2698 -1302 6 6 476 832 IIN iiNet Ltd +42761 -3058 8 3 505 1035 IFM Infomedia Ltd +2505 -3237 6 6 475 916 IRE IRESS Market Technology Ltd +3484 -1277 5 6 443 834 IWL IWL Ltd +25461 -3099 9 5 534 1113 KAZ KAZ Group Ltd +6961 -3058 7 6 489 1021 LOK LookSmart Ltd (USA CUFS) +47880 -5196 7 6 492 1036 MUL Multiemedia Ltd +160099 -4463 8 8 538 1214 MYO MYOB Ltd +4327 -5051 6 9 533 1194 OKN Oakton Ltd +12882 -1141 10 3 434 902 OTT Open Telecommunications Ltd +8009 -3994 3 5 227 642 RKN Reckon Ltd +26625 -2857 11 4 522 1178 SMX SMS Management & Technology Ltd +9076 -3934 11 4 528 1265 SOH Solution 6 Holdings Ltd +16905 -2783 9 7 588 1263 TNE Technology One Ltd +8653 -1506 8 6 500 1088 TMO Tomato Technologies Ltd +13199 -4275 5 7 391 717 UXC UXC Ltd +21730 -3979 8 7 531 1249 VGL Volante Group Ltd +15418 -1237 11 3 496 1076 452 Technology Hardware & Equipment: =================================== AAT Autron Corporation Ltd +16641 -2170 9 7 506 1217 CLT Cellnet Group Ltd +6679 -1784 7 7 494 1096 CDA Codan Ltd +636 -484 1 1 32 85 CDR Commander Communications Ltd +2799 -2210 6 6 471 829 ERG ERG Ltd -3474 -5384 6 10 551 1266 IHG Intellect Holdings Ltd +9533 -3888 6 8 498 1097 KYC Keycorp Ltd +11380 -2681 8 7 555 1264 RDF Redflex Holdings Ltd +11079 -2169 7 9 537 1243 VSL Vision Systems Ltd -2633 -2657 8 8 558 1238 453 Semiconductors & Semiconductor Equipment: ============================================ SLX Silex Systems Ltd -3541 -6175 6 10 550 1264 501 Telecommunication Services: ============================== BBB B Digital Ltd +14656 -3161 4 6 266 703 CAG Cape Range Wireless Ltd +24275 -4378 9 5 504 1231 HTA Hutchison Telecommunications (Aust) +4921 -3934 4 11 535 1168 PWT PowerTel Ltd +3738 -2209 6 10 551 1266 QPX QPSX Ltd +15781 -1764 7 5 424 767 SGT Singapore Telecommunications (Singap -2550 -1926 2 6 388 647 SOT SP Telecommunications Ltd +21310 -781 5 5 404 714 TEL Telecom Corporation of New Zealand L +2008 -809 9 7 551 1266 TLS Telstra Corporation Ltd -100 -763 6 10 551 1266 UEC Uecomm Ltd +11573 -7001 5 7 470 895 UNW Unwired Group Ltd +12980 -2999 3 4 173 773 551 Utilities: ============= ALN Alinta Ltd +7574 -728 9 2 452 870 AGL Australian Gas Light Co. Ltd (The) +15 -1201 7 9 551 1264 APA Australian Pipeline Trust +348 -792 7 6 492 963 ENE Energy Developments Ltd +621 -4049 5 11 551 1266 ENV Envestra Ltd +2016 -889 8 8 550 1265 GAS GasNet Australia Group +456 -506 6 2 327 577 NVE Novera Energy Ltd -625 -2440 1 2 174 287 PHY Pacific Hydro Ltd -147 -1199 7 9 546 1251 --- GICS not applicable: ======================= GCA GEC Asian Value Fund +279 -34 1 0 6 95 http://www.metastocktools.com Trading system summary report legend ==================================== ========================================== Based on $ trades and $ commissions stated ========================================== winning trades rate =================== Percentage of winning trades over total number of trades total wins/losses/trades ======================== Total number of winning trades, losing trades, all trades gain to loss ratio ================== Ratio of total $ wins to total $ losses. 1 to 1 = $0 profit avg length of each trade ======================== Number of trade days in which the average trade remained open annualized profit per trade =========================== Annualized percentage profit per average trade if it was open all year. This is the theoretical profit upper limit for the trading system tested. avg time in market/trade ======================== Percentage of time that the average trade remained open avg new trades per day ====================== Frequency of new trades per trading day avg winning trade profit ======================== $ profit amount of average winning trade avg losing trade loss ===================== $ loss amount of average losing trade avg trade profit ================ Average $ profit per trade daily $ profit per trade ======================== Daily $ profit per average trade whilst active avg max $ trade drawdown ======================== Average $ maximum drawdown whilst trade was open avg max % trade drawdown ======================== Average maximum drawdown percentage of trade size risk/profit index ================= Percentage of (average trade $ drawdown)/(average trade $ profit) ratio total market net profit ======================= Total $ net profit (inc commissions) for whole market test period total commissions ================= Total $ brokerage paid for all trades in test period highest stock profit ==================== Highest stock $ net profit, code symbol highest stock loss ================== Highest stock $ net loss, code symbol highest trade drawdown ====================== highest single trade drawdown, code symbol ==================================================================== Based on $ trades adjusted to fit a 2% average maximum drawdown (dd) for system comparative purposes, using same commissions ==================================================================== comparative profit/trade ======================== Annualized percentage profit per average dd-adjusted trade if it was open all year. This is a good comparison percentage profit value against other system tests. daily $ profit per trade ======================== Daily $ profit per average dd-adjusted trade whilst active avg trade profit ================ Average $ profit per dd-adjusted trade avg max $ trade drawdown ======================== Average $ maximum drawdown whilst dd-adjusted trade was open. This will 2% of the original trade size. total adj market net profit =========================== Total $ net profit for whole market test period using dd-adjusted trades ====================== Overall market summary ====================== stocks tested ============= Number of stocks tested stocks traded ============= Number of stocks actually traded by system avg test days per stock ======================= Average test days per stock. This will always be lower than the periods loaded, as the trading system may require a set-up period. For example, a method that requires a 100 day MA will have an initial period of 100 days without trade signals. ---------------------------------------------------------------------- All currently open trades in test report are treated as closed on the last day of test. All drawdown data based on the maximum loss (measured from entry $ capital) reached whilst the trade was open. ---------------------------------------------------------------------- From http://www.metastocktools.com Trade with the trend ==================== ADT-06 differs from ADT-05 in that it is a "busier" market filter. i.e., it enters and exits the market more frequently than its predecessor, thus it suits the more active trader. Profits and drawdowns are generally smaller. Most commercially available trading systems are designed by fitting their rules and methods around past data. This is often called "curve-fitting". A system designed in this way initially shows promising paper profits using past data, but those returns hardly ever eventuate in the real world. The few commercially available systems that do make money often struggle to beat a simple buy & hold strategy on index stocks. The results above for the robust ADT-06 market filter/system show that its profit-to-loss ratio is about 3 times better than a buy & hold strategy for the same period. However, the amazing thing about ADT's market test results, is that being a market trend detecting filter, all stocks tested were bought and sold on the same day, regardless if they were in an uptrend, downtrend, or trading range. In other words, this market filter is so robust that it can carry along losing trades easily, and still show good profits. Of course, using additional Technical Analysis entry and exit rules for each individual stock, it would be easy to further improve on these results. The whole point of this method is to use it as an underlying foundation on which to build a good trading system that suits the individual trader's style and psyche. A successful trading system design: Market trend --> system signals --> entry/exit confirmation signals The ADT-06 market filter/system will suit most trading styles, from the small investor right up to the largest of fund managers. The ADT-06 is available with the understanding that the purchaser may need additional help in system design. My expertise lies in system design, coding and testing, and I can be of further help in this regard to the ADT's user's needs. Trade with the trend. Jose Silva josesilva22@yahoo.com