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Dale,
No offense taken. In fact your observation that the trading system
results I posted were 'unremarkable' is the conclusion I came to when
nobody responded. That is why I made the 'patsy at the poker table'
remark.
<Could you expand on how you interpreted them to be the results of a
'good trading system'?>
Because I've traded this particular system profitably. Just that simple.
No kidding... my purpose in posting my trading system results was to
try to get others to provide some insight into what can be achieved in
trading system development with Amibroker where it concerns superior
backtesting results. (It was NOT my intention to brag about my own
systems!).
So Dale, now a question for you... in Amibroker terms, give us some
point of reference to what you consider 1) Good trading system
results, and 2) Excellent trading system results. And do you prefer
limited portfolio trading or 'whole mkt' portfolios?
No need to divulge details of proprietary trading systems. Just give
us an idea of what can be achieved with Amibroker in real life.
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
> Regarding your reference to your ¡Èbest trading system results¡É:
>
>
>
> No offense intended but at the time you posted the results I looked at
> them and found them to be quite unremarkable and don¡Çt understand your
> characterization of them. Could you expand on how you interpreted them
> to be the results of a ¡Ègood trading system¡É?
>
>
>
> Thanks!
>
>
>
> d
>
>
>
> -----Original Message-----
> From: phsst [mailto:phsst@x...]
> Sent: Tuesday, April 08, 2003 11:50 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Larry Williams Inner Circle Review
>
>
>
> Yuki,
>
> Glad to see you back from your vacation, and I hope the portion of
> your vacation exclusive of Larry Williams was enjoyable.
>
> Over the years, I've been to two or three 'guru' seminars, and like
> you, I've generally been disappointed in the quality of the
> presentations, not to mention the presentors.
>
> Frankly, until I started watching the AmiBroker board, the single best
> published work I had read was Linda Rasche's 'Street Smarts' book.
> Linda did not hold much back and did not let her ego get involved in
> the presentation at all. Her presentation primarily focused upon
> futures, while I tend to focus upon stocks. But her approach worked
> well in any trading environment.
>
> I thought I had developed a few good trading systems before getting
> involved in this AmiBroker board. And when I recently posted my best
> trading system results, there wasn't much feedback from others
> regarding comparable results.
>
> Then I concluded that like the old Poker Player axiom... if you don't
> know who the 'patsy' is at the table, then it is probably you!
>
> So I'll probably hold my cards a little closer to my chest for a while
> until I get the 'feel of the game'.
>
> Anyway, glad you are back.
>
> Phsst
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi DT,
> >
> > Tuesday, April 8, 2003, 3:38:59 PM, you wrote:
> >
> > DT> Yuki, Read http://groups.yahoo.com/group/amibroker/message/10072
> > DT> to see the basic info for L. Williams well known indicator. Who
> > DT> could imagine to put his name in ANY T/A link reproducing
> > DT> Stochastic ?
> >
> > Sad, and surprising, but he did come off a bit like a glory seeker to
> > me, so I guess I'm not all that surprised. He seemed to want to
> > claim a lot of original TA stuff, and that other people copied him a
> > lot.
> >
> > Quite frankly, I was surprised with his treatment on some things. He
> > likes ADX a lot, but he seemed to not really understand how it works
> > to me. He calls it a "trend integrity" indicator, and advises that
> > when it makes extreme highs and then declines, the decline is showing
> > you that there is no "integrity" in the embryonic new trend, and that
> > it is bound to fail. Actually, this is quite wrong IMO, as the
> > reversal in ADX at trend change is simply a "bleeding off", if you
> > will, of the high level of trending that HAD been present. It is a
> > symptom of the old trend, not yet referencing the new direction at
> > all. After a while, if ADX does not stop falling and start rising of
> > course, then the new direction is certainly suspect. But, that is not
> > what Larry was talking about. He was talking simply about the initial
> > fall in ADX from a high level, and that this fact makes a new
> > direction suspect. That is not correct, IMO.
> >
> > It is only sometime later that the failure of ADX to stop falling and
> > start rising with the new trend, that the new trend becomes suspect
> > (and of course *all* new trends, especially reversals coming out of
> > strong trending periods, are initially quite suspect). But a new
> > embryonic trend is not suspect simply because ADX is bleeding off
> > levels reached due completely to the strength of the old trend. A
> > declining ADX is perhaps useful only to tell you to STAY OUT of a
> > trade, IMO. Where the ADX is most useful to me is when it just
> > crosses or just about crosses into strong trending territory -- on
> > its way up -- signalling that there may be a train departing that you
> > want to get on.
> >
> > Maybe I'm splitting hairs here, but I really thought he was trying to
> > be a bit too "original" here.
> >
> > Best,
> >
> > Yuki
> >
> > mailto:yukitaga@x...
>
>
>
>
>
>
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