|
PureBytes Links
Trading Reference Links
|
Hal,
Thanks for a refreshing view on systems and trading
in general.
My hobby became my life a few years ago and with
some basic programming background and the love to do research I have spent an
enormous amount of time on developing systems for trading. My speciality being
the short-term trading on the derivatives markets, although this system hasno
link whatsoever with Ami as I am classified as a daytrader. This system is based
more on statistical principles than technical indicators.
No one can re-imburse me for the hours spent and
money lost due to my search for the profitable trading system. One thing is
certain though - you can have the best system on the planet, but without
discipline you will stay a loser. So many wannabe traders start of with a bang,
makes 20% on a share in the first month and loose all their capital in the next
6 months and then vow to never trade the market again. This part of the
challenge is what is making me an adrenalin share junky - to beat a market which
is bigger than all the traders put together is no small mission in
itself.
I have a somewhat obtrusive view of Technical
analysis and many analysts would disagree with me, but I view the success
of any technical indicator very much to the extent of the usage of such an
indicator by the majority of the trading public. Resulting in the perception
that the more traders use the same system the more successful it will become.
Now I know this is a very simplistic view of a complicated and non-simplistic
matter.
All the AFL's I have written comprises of the
combination of well used and proven indicators combined in a special way, which
will provide the results I am content with. I have only redeveloped one
indicator by chance and maybe this was done by a 1000 traders before me, but the
beauty lies in its simplicity and related performance. There is a
different winning system nearly for every sector not to mention
different types of investments.
At times as I am reading the entries from the
mailing list I feel somewhat overwhelmed, because some guys are talking about
stuff and requests of things I didn't even know existed and quite frankly I
would like to keep it that way as I have no intension to know it all. (My
condolences to Tomasz)
At this stage I am getting worried about this AFL
Library thing for the mere fact that I think with the brainpower and experience
I am witnessing around this mailgroup, it will put me on the spot and show my
lack of experience in various fields of programming and trading. Am I glad that
Tomasz wants this on his site.
One thing is sure though and that is the fact that
I also only want to supply access to traders being serious about their business
and we need to derive a simplistic, but efficient filtering
process.
Regards.
Jaco Jonker
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Hal Brehe
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Friday, May 04, 2001 9:50 PM
Subject: [amibroker] Sharing
Gentlemen:I hereby take note of the
efforts of several articulate, learned and no doubt ingenious members of this
group to initiate a separate group for the purpose of sharing and learning
Ami<FONT
color=#ff0000 size=3>Broker<FONT color=#ff0000
size=3>Language.I agree and would willingly
contribute and assist in any way I could to achieve this group action,
primarily because Tomasz Janeczko is so deserving of having a Real Winnerin
this area of Technical Analysis Programs for Display, Selection and Test.
Unfortunately I have a problem with its implementation, that is, the
years of learning that has brought me up to the point where - at last, I am
pretty well settled in a system that WORKS
FOR ME!I also know that nothing in this field
lasts forever, and the wider spread something GOOD is, the less likely the
chances for it to continue to operate and provide a profit. Therefore, inthe
self interest of each of us, we should not expose ourselves to the likelyhood
of our investment return being reduced because of the number of investors
using any given system. At the same time, this new list should NOT be composed
of the garbage that each of us has tried and lost our buns on. All that
was part of our learning curve, and you would not be where you are today,
without having experienced the defeats that built the step ladder to your
present day success. What can we do as a group to insure that some
yo-yo, as we have just recently experienced, joins the group - strips it of
"all the goodies", then out of retribution takes them over to one of the news
groups, with literally 10's of thousands of members -- and releases them to
the public. I feel sure that the 10,000, (Hi Tomasz), owners of AB would only
use these works for their own gain -- but there ARE real TURKEYS out there,
and a fair assumption is that the AB list has its share.For someone
who has just entered this field of investing, there is so much to learn, that
to provide an automatic trip to the peak of someone else's financial career
results in a great LACK of appreciation of what the experienced person had to
go through in order to make the profits that one could with the help of this
group. My own experience has been costly. Most likely I'm a pretty
stupid guy 'cause I've done some awfully dumb things in my investing career
since the mid '70's. I've never had a mentor during this time and therefore
experienced the tragedy of defeat as well as the few strikes of lightening
that each small profit seemed to be.In other words, I have grown into
the investing system that I have now. That might change as I become even more
knowledgeable...... and that is the area that I feel this group ought to
somehow work toward. That each person who joins should have an area open to
him, for him to experience, learn and become knowledgeable in. I'm
just "flapping my lips" now, so don't take this seriously. However, when I see
a question on the list regarding the establishment of a database for the
entire world of US stocks, this just "shouts" of lack of knowledge. The desire
to have access to EVERY Index, every Mutual Fund, every Futures contract
sprouts from the lack of self assurance and investing maturity that is rampant
-- where ever those things take place. If each of us had a stable of just50
entities that we understood, we simply would NOT have the GUT's nor the funds
to invest in each at same time. So, in fact, we're each looking for an entity
or two at any given time to invest in -- and yet we think that we need data
for 15,000 stocks, 4,000 funds and 300 futures contracts? Something is wrong
with this picture, and maybe this new group could point out the reasons why
all this data is extreme Over
Kill!I really don't know what to suggest to
qualify for this group. Somehow I don't believe that a newbie ought to have
access to ALL the goodies in the vault. Maybe an application should be filed
by each joiner, that had to be filled out, and maybe interviewed over the
phone, regarding the applicant experience, goals etc. From this
information, the appropriate section of the list vault would be opened to
him/her through a password system of sorts.I do believe that
before you get REAL goodies opened to all eyes, there must be qualification,
restriction and contribution. I have no idea how a dis-honest qualification
would be foretold on an application. However it shouldn't be too difficult to
devise a few questions to reveal present knowledge. I know all ofthe
above is virtually impossible to accomplish -- and would be real WORK to set
up and make work. I also know that any successful trader will "talk" about his
accomplishments but will NEVER reveal them. If this is so then nothing will
ever be revealed to this -- or any other group, that provides a place for
discussing original thinking on any investing problem. My personal
belief is that a successful investing program can be composed of bits and
pieces that have been acquired over a length of time -- then pieced
together to make a profitable investing method. Each piece of the system gets
upgraded as new information and experience is obtained over a period of years.
This personal system is under constant update and changes slowly with maturity
gained from "loosing your buns" in numerous investments of all kinds. I also
am a firm non-believer in testing every component that comprises a systemas
well as system tests, for what you learn is how much money your are goingto
loose during the drawdown perios. The only successful systems -- in my world
of knowledge, are useable on Commodity Futures Grains, Bonds and other
Financials, for a system to work it MUST be somewhat repetitive, and you MUST
be prepared to take thousands of dollars of losses to get the gain the system
supposedly provides. A few of the best and most successful systems can be
found at <<A href=""
eudora="autourl">http://mesasoftware.com<A href=""
eudora="autourl"> >which should lead you to
<http:mesasystems.com> Pay the $500 to $3,000 and save yourself a world
of time and losses and the attendant grief;. If you should write Dr. John
Ehler, the originator of these systems, say hello from me! There is a
publication in which systems are continuously rated throughout the
year. --dig in and do some searching for yourself. Use <<A
href="" eudora="autourl">http://www.google.<A
href="" eudora="autourl">com> and enter Commodity
Futures Trading system -- see what you get!!A GREAT LIST for
Commodities is at yahoo "Traders Group" a month is free, a year cost $50,but
you are walking with trading "gods" and at least one Stock Guru. Prepare to be
humbled. If you want to "Test" everything, take a peek at a program
called Dysan at <<A href=""
eudora="autourl">http://www.fipertec.<A href=""
eudora="autourl">com>. It won't be cheap, but it's great!! If you write
the originator Joachim.Wolffram@xxxx (Dr. Joachim Wolffram) say "hello"
for me. If you want to invest in Funds, stick with the NO LOAD funds
representing indexes -- then play the index game. For Stocks, you are in for a
"world of hurt" before you will be successful, or maybe you have inside
information and are just plain LUCKY!!. As for me I'm a proponentof
the "Buy Only when it's going UP, and use Stops!" theory. I've found it works
-- and that's my goal. I would appreciate all the input that all good
intelligent well meaning folks can provide. Possibly, with your knowledgewe
could come up with a plan to prevent our AFL vault from being "reaped", opps,
I spelled that wrong - by free loaders and ne'er-do-wells. It also is quite
possible that I'm neurotic -- but HEY, it's MY neurosiss'!Thanks for
your time,Best Regards, Hal BreheYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
|