[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[amibroker] Re: Larry Williams Inner Circle Review



PureBytes Links

Trading Reference Links

Phsst,

The point of reference is that there was no point of reference in 
YOUR results.  It's not possible to tell from looking at the results 
what the results were, is it ?

--- In amibroker@xxxxxxxxxxxxxxx, "phsst" <phsst@xxxx> wrote:
> Dale,
> 
> I knew from previous posts that I had read that you were an 
excellent
> software developer. And the .gif file you posted demonstrates that.
> 
> But you did not answer my question.
> 
> > what do you consider 1) Good trading system
> > results, and 2) Excellent trading system results. And do you 
prefer
> > limited portfolio trading or 'whole mkt' portfolios?
> 
> If you think the results I posted were unremarkable then you must 
have
> had some point of reference... eh?
> 
> Phsst
> 
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
> > Good trading system results?  I’m still working on that.  I’ve
> attached a gif of my latest project " a portfolio test bed that 
will
> allow me to test a variety of formula on a series of portfolios 
under
> different rules.  I’m particularly interested in trying to see if 
I
> can get a formula to detect when stocks come into a tradable zone 
and
> when/if it does begin trading it until the formula detects that the
> results are falling off.
> > 
> >  
> > 
> > d
> > 
> >  
> > 
> > -----Original Message-----
> > From: phsst [mailto:phsst@x...] 
> > Sent: Wednesday, April 09, 2003 10:58 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: Larry Williams Inner Circle Review
> > 
> >  
> > 
> > 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...
> > > 
> > > 
> > > 
> > > 
> > > 
> > > 
> > > Yahoo! Groups Sponsor
> > > 
> > > 
> > > 
> > >
> 
<http://us.ard.yahoo.com/M=249982.3083889.4452939.1728375/D=egroupweb/
S=
> > >
> 1705632198:HM/A=1524963/R=0/*http:/hits.411web.com/cgi-
bin/autoredir?cam
> > > p=556&lineid=3083889¢ç=egroupweb&pos=HM>
> > > 
> > > 
> > > 
> > >
> <http://us.adserver.yahoo.com/l?
M=249982.3083889.4452939.1728375/D=egrou
> > > pmail/S=:HM/A=1524963/rand=975329234>
> > > 
> > > 
> > > Send BUG REPORTS to bugs@xxxx
> > > Send SUGGESTIONS to suggest@xxxx
> > > -----------------------------------------
> > > Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
> > > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> > > --------------------------------------------
> > > Check group FAQ at:
> > > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > > 
> > > Your use of Yahoo! Groups is subject to the Yahoo!
> > > <http://docs.yahoo.com/info/terms/>  Terms of Service.
> > 
> > 
> > 
> > 
> > 
> > 
> > Yahoo! Groups Sponsor
> > 
> > 
> > 
> 
<http://us.ard.yahoo.com/M=249982.3083889.4452939.1728375/D=egroupweb/
S=170=
> 5632198:HM/A=1524963/R=0/*http:/hits.411web.com/cgi-bin/autoredir?
camp=556&l=
> ineid=3083889∝=egroupweb&pos=HM>
> 
> > 
> > 
> >  
> <http://us.adserver.yahoo.com/l?
M=249982.3083889.4452939.1728375/D=egroupma=
> il/S=:HM/A=1524963/rand=629372690>
> 
> > 
> > 
> > Send BUG REPORTS to bugs@xxxx
> > Send SUGGESTIONS to suggest@xxxx
> > -----------------------------------------
> > Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
> > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> > --------------------------------------------
> > Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html 
> > 
> > Your use of Yahoo! Groups is subject to the Yahoo!
> <http://docs.yahoo.com/info/terms/>  Terms of Service.


------------------------ Yahoo! Groups Sponsor ---------------------~-->
Save Smiley. Help put Messenger back in the office.
http://us.click.yahoo.com/4PqtEC/anyFAA/i5gGAA/GHeqlB/TM
---------------------------------------------------------------------~->

Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html 

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/