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[amibroker] Re: Random selection of stocks



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Chuck,

No problem...

I'll make sure that you don't step on Fred's toes...

But I'm done for the night here in the Central Time Zone of the U.S.

Talk to y'all tomorrow.

Phsst

--- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
<chuck_rademacher@x> wrote:
> Phsst...
> 
> I'm happy to help you as long as I don't step on Fred's toes.
> 
> I'm going to post one of my scoring files and a graph of the equity
curve
> tonight.   Those items should help to get you started.  It's like
anything
> else.  Once you've done it once, you'll wonder what you put it off.
  IMO,
> there are two issues.   The first one is to get it to work...
getting all of
> the files in the right place.   It's well documented, as long as you
look at
> the docs.    Fred did what I like to see in any software of this
type.   He
> supplied it with a sample.   Just click, run and look at results.  
Then,
> perhaps, optimize it a bit.   Finally, remove about five lines of
code and
> replace it with your own and repeat the process.   In a basic
system, there
> are really only five lines of (carefully planned) code.
> 
> So, let's go...
>   -----Original Message-----
>   From: Phsst [mailto:phsst@x...]
>   Sent: Thursday, July 17, 2003 11:46 PM
>   To: amibroker@xxxxxxxxxxxxxxx
>   Subject: [amibroker] Re: Random selection of stocks
> 
> 
>   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
>   > > >
>   > > >
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>   > > >
>   > > >
>   > > >
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