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[amibroker] Re: lets try trading



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Thanks Dingo,

You have answered one important question for me which is helpful.  I 
will send my results and other questions to TJ.  

Thanks again,

Ed






--- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
> Thanks Ed but I don't think Andrew got much out of our exchange - 
just a
> feeling..
>  
> The first thing you need to know when viewing the AB backtest 
reports is
> that every trade is taken without consideration of the capital
> available. There is no portfolio management in the backtest so you 
can't
> rely on the backtest results being reliable in terms of portfolio
> consideratons. Individual Tickers? Yes.
>  
> There are some new user supplied tools emerging to help deal with 
this
> and TJ has promised us some exciting (my word not his) enhancements 
in
> this area.  (He's been very quiet lately in terms of beta releases 
and
> the suspense is building... Usually when he's quiet like this 
something
> big is about to happen... )  Fred Tonetti has just shared 
the "Mother of
> all backtesters", PT101,  and its available in the files section of 
this
> group.  Don't try to understand the logic in it 'cause Fred is from 
New
> Jersey!
>  
> As to your specific questions: I haven't tried to reconcile the 
numbers
> as you have and don't have answers for you - I suggest you forward a
> copy of your email to support@xxxx to see if TJ can help you.  
>  
> Re your last paragraph: as I mentioned above every trade is taken
> regardless and increasing the equity will not help.
>  
> d
> 
> -----Original Message-----
> From: Edward M. Wylonis [mailto:ewylonis@x...] 
> Sent: Saturday, June 07, 2003 10:50 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: lets try trading
> 
> 
> Dingo,
> 
> I appreciate your helping Andrew to understand backtesting as it 
> could also help me.  I have been trying to understand how it works 
> but have been stymied by "apparent" inconsistencies.  There may be 
an 
> explanation for them but I have searched the User Guide and the 
> archives but have not found explanations.  One inconsistency(to me) 
> shows up on Andrew's results. For instance:
> 
> The "Total net profit: 14240.39 does not equal the Profit of 
winners: 
> 13197.19 minus the Loss of losers: 0.00. Do theses numbers include 
> commissions?
> 
> In my backtest the Profit of Winners less the Loss of losers does 
add 
> up to the Total net profit, however, the number of trades does not 
> match the results.  The dollars of profit include all of the trades 
> in the results but the number of trades counted is less than a 
manual 
> count.  For instance there will be 32 winning trades and 35 losing 
> trades but only 8 winning trades and 18 losing trades will be 
totaled 
> in the results and only 8 and 18 tickers will have a 1 for a trade 
in 
> the results listing.  Am I missing something?
> 
> Does the backtester take the equity and use it on the first trade 
> candidate and pass on another trade candidate when it appears if 
all 
> of the equity/margin is involved in the first trade? When the first 
> trade is sold does it then become available for another trade?  
Does 
> that explain why the number of trades in the results is less than 
the 
> stocks that met the buy/sell criteria? Will increasing the equity 
> include some of those trades?
> 
> Thanks,
> 
> Ed
> 
> 
> 
> 
> 
> 
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
> > The first thing you've got to do is learn how to read the results 
in
> > your report. How skilled are you at that? I don't want to talk 
> beneath
> > your level of experience so how about a little background on your
> > trading experience and experience with Amibroker?
> >  
> > d
> > 
> > -----Original Message-----
> > From: Andrew [mailto:andok@x...] 
> > Sent: Friday, June 06, 2003 10:41 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] lets try trading
> > 
> > 
> > I have no idea backtest look good .
> > 
> >   
> > 
> > 
> > Best regards,
> > Andrew                          mailto:wocek@x... 
> > 
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