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[amibroker] Re: TESTING THE UNIVERSE ? (for GoSub)



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< I blindly enter the orders before the market opens and I'm done
(trading) for the day.>

Exactly the way I like to trade. 

Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
<chuck_rademacher@x> wrote:
> I think I approach this problem in a different way.   I agree with
you on
> all three points (A,B,C) mentioned below.   Why then, you might ask,
do I
> still want my system to look at all of the stocks in the universe?
> 
> To me the answer is easy.  I don't want to sit down daily, weekly or
monthly
> and portion the stocks out to nice little groups of "tradeable" and "not
> tradeable".   I don't think that I'm smart enough and I surely don't
have
> the time.
> 
> However, I can write systems that will do all of this for me.   In
order for
> these systems to do the intended job, however, they need to see all
of the
> stocks every day.   I let the system decide whether the each stock
"appears"
> to be tradeable or not.   By letting the system do the deciding, I
can be
> fishing instead of perusing charts.  I've been trading for 40 years
and have
> yet to look at a chart to make any sort of trading decision.   I
have looked
> at charts in order to transfer the look and feel of a chart to my
trading
> systems, but not for making actual trading decisions.
> 
> So, I'm a single-click trader and I'm trading on behalf of several hedge
> funds.   My systems make a single pass through all of the active
stocks and
> decide which ones to trade and in which direction.   I blindly enter the
> orders before the market opens and I'm done (trading) for the day. 
 I spend
> the rest of the day doing research on how to improve my systems.  
If the
> sun is shining and it's not too windy, I'm fishing!
> 
> 
>   -----Original Message-----
>   From: gosub283 [mailto:gosub283@x...]
>   Sent: Saturday, March 29, 2003 5:28 PM
>   To: amibroker@xxxxxxxxxxxxxxx
>   Subject: [amibroker] TESTING THE UNIVERSE ?
> 
> 
>   Hi everyone,
> 
>   Please bear with me on this subject because
>   it's one which I have not yet found the answer
>   and one which I am not an expert. This question is based
>   on my current assumptions and is open to comment,
>   correction, or debate.
> 
>   (This has been discussed before but, as an onlooker,
>   I did not see a solution.)
> 
>   Here it is:
> 
>   What is the point of testing the whole universe
>   of stocks with a trading system if it is generally
>   understood that..
>   A) Some stocks are just not "system" tradeable
>   B) Some systems are best suited to certain markets.
>   C) Some stocks have unique "personalities" which work
>      with some trading techniques but not others.
> 
>   It seems to me that a test of the whole universe will give
>   a squewed result because the performance of the system
>   will be lowered by the "untradeables" and the ones with
>   the "wrong personality".
> 
>   I have written filters which divide up the universe into two
>   personality groups.(Good ones on the left...bad ones on the right)
>   This has helped to narrow down the basket a little.
>   But maybe there's another reason to test the whole universe
>   that I m not aware of. Any comments on this ? (for or against)
> 
>   PS: I think the focus should be on devising ways to define
>       and catagorize "personalities", then go exploit them.
>       (Definately easier said than done) ;-(
> 
>   Cheers,
>   Gosub283
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
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