I used a shielded, four conductor cable. I was (am, it's running as I write) only running at 9600 baud. I'm sure it would run faster than that, but the device I am talking to can only run at 9600.
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It also helps to terminate the cable on the receiving end with a resistor network. For TTL signal levels, a 180R resistor to +5V and a 390R resistor to ground is typical. This helps to eliminate the effects of reflections, ringing, and noise.
Comments
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-Phil