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I never in my life saw your great
system
all the ones I saw was about your nice
system
does anyone Has and traded one with
the great system parameters?
nice day
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
dingo
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, April 09, 2003 11:42
PM
Subject: RE: [amibroker] Re: Larry
Williams Inner Circle Review
<SPAN
>You’re right I
forgot to include that.
<SPAN
>
<SPAN
>A
nice system<SPAN
> would have the
following (speaking in terms of Amibroker report statistics)
<SPAN
>
<SPAN
>Annual system return
of 50% or better.
<SPAN
>Max System %
Drawdown: 15% or lower.
<SPAN
>Percentage of trades
that are profitable: 70% or higher
<SPAN
>Max consec. Losers:
no more than 3
<SPAN
>Ratio Avg win / Avg
Loss: 1.5 or higher
<SPAN
>Profit factor: 2.5
or higher
<SPAN
>
<SPAN
>A
great system:
<SPAN
>
<SPAN
>Annual system return
of 75% or better.
<SPAN
>Max System %
Drawdown: 12% or lower.
<SPAN
>Percentage of trades
that are profitable: 80% or higher
<SPAN
>Max consec. Losers:
no more than 2
<SPAN
>Ratio Avg win / Avg
Loss: 2.0 or higher
<SPAN
>Profit factor: 3.5
or higher
<SPAN
>
<SPAN
>And both would be
for a limited portfolio (trading around 20 stocks out of a pool of 50 – 75
candidates that are selected for trading based on their performance that are
collected during simulated trading)
<SPAN
>
<SPAN
>-----Original
Message-----From: phsst
[mailto:phsst@xxxxxxxxx] <SPAN
>Sent: Wednesday, April 09, 2003 11:28
PMTo:
amibroker@xxxxxxxxxxxxxxx<SPAN
>Subject: [amibroker] Re: Larry Williams
Inner Circle Review
<FONT face="Times New Roman"
size=3>
<FONT face="Courier New"
size=2>Dale,<FONT
face="Courier New" size=2><SPAN
><FONT
face="Courier New">I knew from previous posts that I had read that you were an
excellentsoftware developer. And
the .gif file you posted demonstrates that.<FONT
face="Courier New">But you did not answer my
question.> what do you
consider 1) Good trading system<FONT
face="Courier New">> results, and 2) Excellent trading system results. And
do you prefer> limited
portfolio trading or 'whole mkt' portfolios?<FONT
face="Courier New">If you think the results I posted were unremarkable then
you must havehad some point of
reference... eh?<FONT
face="Courier New">Phsst<FONT
face="Courier New">--- In amibroker@xxxxxxxxxxxxxxx, "dingo"
<dingo@xxxx> wrote:>
Good trading system results? I’m still working on that.
I’veattached a gif of my latest
project â€" a portfolio test bed that will<FONT
face="Courier New">allow me to test a variety of formula on a series of
portfolios underdifferent
rules. I’m particularly interested in trying to see if
Ican get a formula to detect when
stocks come into a tradable zone and<FONT
face="Courier New">when/if it does begin trading it until the formula detects
that theresults are falling
off.>
>
> <FONT
face="Courier New">> d>
>
> <FONT
face="Courier New">> -----Original Message-----<FONT
face="Courier New">> From: phsst [mailto:phsst@xxxx]
> Sent: Wednesday, April 09,
2003 10:58 PM> To:
amibroker@xxxxxxxxxxxxxxx>
Subject: [amibroker] Re: Larry Williams Inner Circle
Review>
>
> <FONT
face="Courier New">> Dale,>
> No offense taken. In fact
your observation that the trading system<FONT
face="Courier New">> 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<FONT
face="Courier New">> 'good trading system'?><FONT
face="Courier New">> >
Because I've traded this particular system profitably. Just that
simple.>
> No kidding... my purpose in
posting my trading system results was to<FONT
face="Courier New">> 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<FONT
face="Courier New">> systems!).<FONT
face="Courier New">> > So
Dale, now a question for you... in Amibroker terms, give us
some> point of reference to
what you consider 1) Good trading system<FONT
face="Courier New">> results, and 2) Excellent trading system results. And
do you prefer> limited
portfolio trading or 'whole mkt' portfolios?<FONT
face="Courier New">> > No
need to divulge details of proprietary trading systems. Just
give> us an idea of what can
be achieved with Amibroker in real life.<FONT
face="Courier New">> >
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<FONT
face="Courier New">> > them and found them to be quite unremarkable and
don¡Çtunderstand
your> > characterization of
them. Could you expand on how you interpreted<FONT
face="Courier New">them> >
to be the results of a ¡Ègood trading system¡É?<FONT
face="Courier New">> > >
> > >
> >
Thanks!> >
> >
> >
> >
d> >
> >
> >
> > -----Original
Message-----> > From: phsst
[mailto:phsst@xxxx]> >
Sent: Tuesday, April 08, 2003 11:50 PM<FONT
face="Courier New">> > 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<FONT
face="Courier New">> > your vacation exclusive of Larry Williams was
enjoyable.> >
> > Over the years, I've
been to two or three 'guru' seminars, and like<FONT
face="Courier New">> > you, I've generally been disappointed in the
quality of the> >
presentations, not to mention the presentors.<FONT
face="Courier New">> > >
> Frankly, until I started watching the AmiBroker board, the single
best> > published work I
had read was Linda Rasche's 'Street Smarts' book.<FONT
face="Courier New">> > 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<FONT
face="Courier New">> > well in any trading
environment.> >
> > I thought I had
developed a few good trading systems before getting<FONT
face="Courier New">> > 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<FONT
face="Courier New">> > 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<FONT
face="Courier New">> > 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:<FONT
face="Courier New">> > ><FONT
face="Courier New">> > > DT> Yuki, Read <A
href="">http://groups.yahoo.com/group/amibroker/message/10072<FONT
face="Courier New">> > > DT> to see the basic info for L.
Williams well known indicator. Who<FONT
face="Courier New">> > > 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<FONT
face="Courier New">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<FONT
face="Courier New">> > > lot.<FONT
face="Courier New">> > ><FONT
face="Courier New">> > > Quite frankly, I was surprised with his
treatment on somethings.
He> > > likes ADX a lot,
but he seemed to not really understand how it works<FONT
face="Courier New">> > > to me. He calls it a "trend integrity"
indicator, and advises that>
> > when it makes extreme highs and then declines, the decline
is<FONT
face="Courier New">showing>
> > you that there is no "integrity" in the embryonic new trend,
andthat<FONT
face="Courier New">> > > 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<FONT
face="Courier New">> > > all. After a while, if ADX does not
stop falling and startrising
of> > > course, then the
new direction is certainly suspect. But, that<FONT
face="Courier New">is not>
> > what Larry was talking about. He was talking simply about
the<FONT
face="Courier New">initial>
> > fall in ADX from a high level, and that this fact makes a
new> > > direction
suspect. That is not correct, IMO.<FONT
face="Courier New">> > ><FONT
face="Courier New">> > > It is only sometime later that the failure
of ADX to stopfalling
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<FONT
face="Courier 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<FONT
face="Courier New">> > > crosses or just about crosses into strong
trending territory -- on> >
> its way up -- signalling that there may be a train
departingthat
you> > > want to get
on.> >
>> > > Maybe I'm
splitting hairs here, but I really thought he was<FONT
face="Courier New">trying to>
> > be a bit too "original" here.<FONT
face="Courier New">> > ><FONT
face="Courier New">> > > Best,<FONT
face="Courier New">> > ><FONT
face="Courier New">> > > Yuki<FONT
face="Courier New">> > ><FONT
face="Courier New">> > >
mailto:yukitaga@xxxx> >
> >
> >
> >
> >
> >
> > Yahoo! Groups
Sponsor> >
> >
> >
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