I once took a search designed for the Nasdaq 100 Stocks and ran it against the S&P 500. Guess what? It took 5 times longer to find a comparable trading system than it took on the Nasdaq 100. That probably makes sense, but it’s an important point to remember. A 3-day search of the Nasdaq 100 takes 60 days on the Russell 2000 when looking for comparable systems.

But there is a reasonable solution to these time constraints when evaluating larger sectors. Rather than performing a very specific search, which is a reasonable effort with a small sector, you can instead perform a broad search with the larger sector. Put another way, a larger sector is filled with many more trading opportunities than a smaller sector. So performing a broad search can often create strong results much faster than a specific search, and you can thus take better advantage of the larger sectors unique opportunities.

Technically, it makes sense that a search used on a small sector should yield similar results when run against a larger sector. While this may be true, it disregards the fact that larger sectors simply take more time to evaluate. Thus, to take advantage of larger sectors while not spending excessive time searching them, one can adjust their search to accept a broader range of trading system possibilities.

In short, some OneClick searches work more efficiently on larger sectors than smaller, and vice versa.

Pete