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Try http://www.tradingrecipes.com/ for free MM info.
--- In amibroker@xxxx, "akaloustian" <ara1@xxxx> wrote:
> Herman
>
> MM is very hard to code... as you stated, the returns dwindle
greatly
> so you ligitimately ask "is it worth it?".
>
> Consider test results that show a stop loss reduces your results
> considerably, maybe even makes your sstem a losing one.
>
> Since we know that the system was more profitable without stops, it
> means that some of the stocks that went down will come back up
again.
> If you were to buy again, some of those stocks at a lower price,
your
> performance would improve over the original system, with lower
> drawdown.
>
> The problem of course is that those stocks don't meet your original
> buying criteria, so you have to develop a whole new set....
>
> My simplistic approach has been to test a system with a sell after
x
> number of days and primaril look at the % winners, in order to
> evaluate the quality of entry. Practice MM in real trading.
Naturally
> this is somewhat time comsuning....
>
> So in short, I beleive MM is worthwhile, but coding is at a much
more
> complex level than just working with a set of indicators...
>
> Ara
>
> --- In amibroker@xxxx, "Herman van den Bergen" <psytek@xxxx> wrote:
> > I have just one question: Does it really work?
> >
> > Is it worthwhile for me to spend hundreds of hours reading boring
> > books and trying all kinds of code that doesn't work?
> >
> > Can anybody honestly tell me that they increased performance of
> > their trading system by more than 100% or reduced their Drawdowns
> > by 50% or more, using money MM techniques? Or even better: turn a
> > loosing system into a winner?
> >
> > Or is it ALL about reducing risk and never mind that the profits
> > dwindled to 20% of what it was before MM?
> >
> > Any encouragement for me to dig into, or not to dig into, this
> > topic would be appreciated. Examples of how MM benefited you
> > would be appreciated...
> >
> > Many thanks,
> > Herman.
> >
> > PS. Are MM techniques implemented in AB or externally?
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