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Steve;
5 round-trip trades per week, targetof
.9% per day net.
100% in and out, each trade.
Average of 3% gain per week.
Plays are on a few carefully selected
stocks.
Until recently, I'd play squeezed short
interest where possible.
Also, until recently, gold when the market was
dropping.
I had no backtesting capability, just
stockcharts.com and a lot of time.
Amibroker makes it all much easier.
I was, in effect, backtesting via pattern
recognition.
I figured if I could make money in a down market,
it should be easier in an up market. Which, so far, has been the
case.
If I calculate an hourly rate, it poor.
But I viewed this period as a learning opportunity.
I have a background in applied statistical
analysis. Basically what I've been doing at work is directly
applicable. So I retired and used that experience.
This whole thing has been slightly nuts. I
get up very early and do reading, charts etc. Then watch the market all
day. It has been fun, but I doubt to many would enjoy spending time this
way. You basically have to have done everything else in life that you
wanted to do.
But the money is getting significant. I've
been a mouse running around underneath elephants. I've some concern about
my strategy when I get to $100k. It will start to be noticed. So I
need automation, and more trades to spread it out. The smart money has
much more information and better computers. I can see it in the price
action.
I have a lot of rules. The first of which
is, don't trust anyone giving advice where the market is concerned.
Reason is simple. If they knew what they were talking about, they'd be
using it, not talking about it, or selling it. In fact, when you
hear advice, you can assume the opposite is more likely to be
correct. Better just to ignore it, and trust the charts. Work
out your own theories, and backtest. And recheck assumptions a
lot.
Richard
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Steve
Davis
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 31, 2002 1:30
PM
Subject: RE: [amibroker] 3rd logical
alert
<SPAN
class=925081921-31102002>Richard,
<SPAN
class=925081921-31102002>
Am I
reading your post correctly? You increased your account size from $1,000 to
$10,000 in 16 months?
<SPAN
class=925081921-31102002>
If
so, can you talk more about your approach without revealing your rules?
<SPAN
class=925081921-31102002>Were you leveraged?
Were
you using a mechanical system or discretionary trading? What was your average
trade duration?
<SPAN
class=925081921-31102002>
<SPAN
class=925081921-31102002>Impressed,
<SPAN
class=925081921-31102002>-Steve
<FONT face=Tahoma
size=2>-----Original Message-----From: Richard Harper
[mailto:rdharper@xxxx]Sent: Thursday, October 31, 2002
1:48 PMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re:
[amibroker] 3rd logical alert
Jayson; Thanks, that
worked.
I'm using 1 minute bars, so you are
correct, I get a signal every minute. The between buy and sell
sound is merely a tick, quite unobtrusive. The value is simple, I
don't have to keep an eye on the graphs at all, and can do something else
(like learn a bit of code 8->).
The "tick" sound tells me the monitor is
working. While my laptop is quite bulletproof, it is
possible to lose connectivity, or lag etc.
Works quite well. Not quite as good
as a programmable buy sell, but I don't like the additional
overhead. I've taken 1K up to 10k in about 16 months, but that has
involved a lot of work, and pretty basic tools. The signalsfree
me from hanging on the graphs, real-time.
Thanks for helping out, you saved me some
time. I have some idea of the time TJ must be spending, even given an
apparently amazing level of skill. I've been programming since
1966, (really an EE type), and have learned my way around more
languages than I care to count. Originally I got into it, as the
demand was high, and programmers were very scarce. In recent
years, I've dabbled with C, but given the sheer number of
programmers (at IBM), I focused on product related issues in recent
years. I was never great, but always spent whatever time
necessary to get the job done.
Now focused on increasing my play money.
Didn't expect to get back into programming, even at this high level. I
just bought into RT a week ago, and have been focused on implementing what I
know works, with indicators AB has already available. So far so
good.
Thanks again,
Richard
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=jcasavant@xxxx
href="">Jayson
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 31, 2002
10:11 AM
Subject: RE: [amibroker] 3rd logical
alert
<SPAN
class=334184617-31102002>Richard,
<SPAN
class=334184617-31102002>you lose me here. you want an alert if youget a
buy condition. You want an alert if you get a sell condition. Your want a
3rd alert when there is no buy or sell. Why on earth would you want
an alert on EVERY SINGLE BAR?? at any rate it is easier to create a
third variable....<SPAN
class=334184617-31102002><FONT
face=Arial>
test=Buy<FONT
color=#282828>==<FONT
color=#ff00ff>0 <FONT
color=#000000>AND<FONT
face=Arial> <FONT
color=#000000>Sell<FONT
face=Arial>==<FONT
color=#ff00ff>0;
<FONT
face="Courier New">AlertIf(<SPAN
class=334184617-31102002>test<FONT
size=2>,"SOUND
C:\\Windows\\Media\\start<FONT
face="Courier New">.wav",<FONT
face="Courier New">"Audio Buy"<FONT
face="Courier New">,2<FONT
face="Courier New">,1<FONT
face="Courier New">);
<SPAN
class=334184617-31102002>the error below is in your use of
parenthesis...
<SPAN
class=334184617-31102002>
<FONT
face="Courier New" color=#0000ff size=2><FONT
color=#0000ff>
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Richard Harper
[mailto:rdharper@xxxx]Sent: Thursday, October 31, 2002
11:24 AMTo: amibroker@xxxxxxxxxxxxxxxSubject:
[amibroker] 3rd logical alert
Jason;
As you may have read, my alerts are working great, shown
here.
AlertIf<FONT
face="Courier New">(Buy,<FONT face="Courier New"
color=#ff00ff>"SOUND C:\\Windows\\Media\\Notify.wav"<FONT
face="Courier New">,"Audio
Buy",<FONT face="Courier New"
color=#ff00ff>2,<FONT
face="Courier New" color=#ff00ff>1<FONT
face="Courier New">);
<FONT
size=2>AlertIf<FONT
face="Courier New">(Sell,<FONT face="Courier New"
color=#ff00ff>"SOUND C:\\Windows\\Media\\ding.wav"<FONT
face="Courier New">,"Audio
Sell",<FONT face="Courier New"
color=#ff00ff>2,<FONT
face="Courier New" color=#ff00ff>1<FONT
face="Courier New">);
I'd like to add one more, which would alert an inbetween
condition, not buy AND not sell;
I tried the following, which is not quite correct. Can you
show me?
AlertIf<FONT
face="Courier New">(((<FONT
face="Courier New">Buy<FONT
face="Times New Roman">=0) AND (<FONT
face="Courier New">Sell<FONT
face="Times New Roman">=0)),<FONT
face="Courier New" color=#ff00ff>"SOUND C:\\Windows\\Media\\<FONT
face="Times New Roman" color=#ff00ff>start<FONT face="Courier New"
color=#ff00ff>.wav",<FONT
face="Courier New" color=#ff00ff>"Audio Buy"<FONT
face="Courier New">,<FONT face="Courier New"
color=#ff00ff>2,<FONT
face="Courier New" color=#ff00ff>1<FONT
face="Courier New">);
Thanks,
RichardPost
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