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No. of Recommendations: 5
Robbie pointed out that you can count the number of stocks passing steps without screener mode by checking the "count" option. Download the spreadsheet for daily details. I did this for Robbie's simplified screen and processed the information to examine how often the target depth of 10 was satisfied by year. The results are presented in the tables at the bottom.

The interpretation has to do with the way the GTR1 backtester considers all possible start dates. Since there are roughly 252 trading days per year, the maximum number of stocks that can pass in a year at the target depth 10 is roughly 252*10 or 2520. To illustrate, consider 1998:
1 time only 2 stocks passed,
1 time only 3 stocks passed,
3 times only 4 stocks passed,
3 times only 5 stocks passed
2 times only 6 stocks passed
4 times only 7 stocks passed, and
1 time only 9 stocks passed, and
237 times the specified depth of 10 was satisfied.

In no year did fewer than 2 stocks pass. Years 2008, 2009, 2011 and 2012 were the most challenging in terms of the frequency with which the target depth of 10 was achieved.

Robbie invoked the shrink option. Since there was never a case in which fewer than 2 stocks passed, money was always equally distributed among passing stocks. If the shrink box is not checked, 1/10th is put cash for each unfilled position. The results comparison is:

`               Shrink       No ShrinkCAGR            50.0         47.9GSD(20)         30.5         30.0AT               8.1          7.9`

`Depth   0     1     2     3     4     5     6     7     8     9     10  Total      Number Passing at Depths 1 through 10 1997   0     0     0     0     0     0     0     0     0     0    850   850 1998   0     0     2     3     12    15    12    28    0     9    2370  2451 1999   0     0     0     0     0     0     0     0     0     0    2520  2520 2000   0     0     0     0     0     0     0     0     0     0    2520  2520 2001   0     0     0     0     0     0     0     0     0     0    2480  2480 2002   0     0     0     0     0     0     0     0     0     0    2520  2520 2003   0     0     0     0     0     0     0     0     0     0    2520  2520 2004   0     0     0     0     0     0     0     0     0     0    2520  2520 2005   0     0     0     0     0     0     0     0     0     0    2520  2520 2006   0     0     0     0     0     0     0     0     0     0    2510  2510 2007   0     0     0     0     0     0     0     0     0     9    2500  2509 2008   0     0     0     0     48   140   156   203   168   135   1220  2070 2009   0     0     0     9     12    15    42    70    48    99   2090  2385 2010   0     0     0     0     0     0     0     0     0     0    2520  2520 2011   0     0     0     0     0     10    36    98    64   126   2080  2414 2012   0     0     0     0     0     5     12    21    16    36   2380  2470 2013   0     0     0     0     0     0     0     0     0     0    260   260Depth   0     1     2     3     4     5     6     7     8     9     10  Total      Frequenccy of Passing at Depths 1 through 10 1997   0     0     0     0     0     0     0     0     0     0     85    85 1998   0     0     1     1     3     3     2     4     0     1    237   252 1999   0     0     0     0     0     0     0     0     0     0    252   252 2000   0     0     0     0     0     0     0     0     0     0    252   252 2001   0     0     0     0     0     0     0     0     0     0    248   248 2002   0     0     0     0     0     0     0     0     0     0    252   252 2003   0     0     0     0     0     0     0     0     0     0    252   252 2004   0     0     0     0     0     0     0     0     0     0    252   252 2005   0     0     0     0     0     0     0     0     0     0    252   252 2006   0     0     0     0     0     0     0     0     0     0    251   251 2007   0     0     0     0     0     0     0     0     0     1    250   251 2008   0     0     0     0     12    28    26    29    21    15   122   253 2009   0     0     0     3     3     3     7     10    6     11   209   252 2010   0     0     0     0     0     0     0     0     0     0    252   252 2011   0     0     0     0     0     2     6     14    8     14   208   252 2012   0     0     0     0     0     1     2     3     2     4    238   250 2013   0     0     0     0     0     0     0     0     0     0     26    26`