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Fred,
I suspect that only you and Chuck REALLY understand the capabilities
of PT.
Would you be willing to act as a guide where PT is concerned? The
reason I ask is that I have been conditioned by multiple decades of
experience (habit) of solving problems on my own. BUT I'd like to see
PT in action from the eyes of the developer.
This might require you to either take control or share control of the
project. At the very least, you will need to guide me in specifying
filtering and scoring requirements. I suspect that PTxxxx can be an
intimidating obstacle for a non-technical user, and I am not qualified
to take the lead on this. And you will probably need to excercise a
'super-human' level of patience or flexability in dealing with
conceptual issues.
In addition to the above, I am sometimes 'slow as Christmas' in
progressing to the next step of a project, which I guarentee will
drive you crazy.
In other words, trying to get you and I coordinated on something will
be like trying to mix Oil and Water. And while not impossible, the
odds are against this working.
But if you are interested in making the effort, then so am I.
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "Fred" <fctonetti@xxxx> wrote:
> Phsst,
>
> Again ... I really am NOT pushing a product ... but this is what PT
> was made for i.e. to filter or more appropriately SCORE and trade the
> high scorers.
>
> Fred
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> > Hello Chuck,
> >
> > I think in the same terms that you expressed regarding using filters
> > against a full blown database to narrow down selections. That
> approach
> > does not necessarily translate into 'holy grailism' as expressed by
> Yuki.
> >
> > But from Yuki's post about trading only 5 stocks, I concluded that
> > there surely must be a great potential benefit from being so
> > intimately familiar with a small number of highly liquid stocks that
> > you can see their charts in your sleep. You should be able to
> develop
> > superior instincts regarding support/resistance/volume
> relationships.
> > So I'd like to take a shot at that approach too. I don't have to
> > abondon one trading system for another. What is the old saying...
> > variety is the spice of life.
> >
> > So now I'll spend a few days filtering down to my target basket, and
> > then start applying some rules to trading them to see what shakes.
> >
> > A new quest...
> >
> > Phsst
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
> > <chuck_rademacher@x> wrote:
> > > I wasn't going to reply to Yuki's comment about "looking for
> things that
> > > work across a random selection of stocks is a waste of time", but
> > Fred has
> > > sort of got me motivated to do so.
> > >
> > > I understand why Yuki made the statement, but I prefer to do the
> > filtering
> > > process (that she is manually doing) within my trading system.
> > Yuki, what
> > > makes you select certain stocks for trading? You don't need to
> > answer that
> > > question, but I feel that whatever anyone does to create a
> watchlist can
> > > become part of the AFL code. By doing it as part of the trading
> > system,
> > > stocks will come into and go out of the list, without my
> > intervention, for
> > > backtesting and for trading forward. When a stock no longer has
> that
> > > "look" that I like, it will just disappear from my list of orders
> to
> > place.
> > >
> > > Just my three cents.
> > >
> > >
> > >
> > >
> > > -----Original Message-----
> > > From: Fred [mailto:fctonetti@x...]
> > > Sent: Thursday, July 17, 2003 10:20 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] Re: Please send unmarked bills, in a brown
> > paper bag,
> > > to: ...
> > >
> > >
> > > I'm not sure I agree with the statement that "looking for
> things that
> > > work across a random selection of stocks is a waste of time".
> > >
> > > Part of the process that makes this viable i.e. reduces random
> > > selection to specific tradables can of course be a
> scoring/ranking
> > > ranking.
> > >
> > > When properly applied this too works.
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx>
> wrote:
> > > > Hi Fred,
> > > >
> > > > Thursday, July 17, 2003, 12:16:45 PM, you wrote:
> > > >
> > > > F> If we had a system and it was only good enough to trade
> the S&P
> > > > F> wouldn't that be sufficient whether that was in the form of
> > > > F> EMini's, Options, ETF's or what have you ? Does any
> particular
> > > > F> system have to work across a basket of whatever to be
> viable ?
> > > >
> > > > Absolutely, it is not necessary. I am making hay, lots of
> hay,
> > > > trading the same 5 stocks over and over according to a
> system. They
> > > > have made money with this system as far back as I can test.
> They
> > > > continue to make money. Other stocks break even with the
> system. I
> > > > don't know why. I don't really care either. I will continue
> to
> > > > trade the 5. Someday they may stop working. On the other
> hand,
> > > they
> > > > may not, as I can't find a significant time frame where they
> > > haven't.
> > > > But if they do, I'll look around for something else that
> works.
> > > >
> > > > Looking for something that works across a "random basket of
> stocks"
> > > > is A) a waste of time in my opinion, because B) it makes you
> Pope of
> > > > The Universal Church of Holy Grailism, which kicked me out
> years ago
> > > > for heresy. ^^_^^
> > > >
> > > > Yuki
> > >
> > >
> > > Yahoo! Groups Sponsor
> > > ADVERTISEMENT
> > >
> > >
> > >
> > >
> > > Send BUG REPORTS to bugs@xxxx
> > > Send SUGGESTIONS to suggest@xxxx
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