Usually, discretionary traders who use filters such as moving averages are not dependent on the filter s precise characteristics. When looking for breakouts or trend changes, traders are concerned with the general performance of an indicator, not the relatively small deviations. On the other hand, mechanical systems, and neural network systems in particular, can be very sensitive to the precise characteristics of the filtered indicators used as system inputs. Click on Books or Magazines for printed copies. Limited time offer.
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