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I'd like to see the equity curve and statistics for the past 5 or 6
years from an automated system where you're getting 20% per day. If
you could generate those kind of returns people would be coming out
of the woodwork to bankroll your trading. After all beginning with a
balance of $100k you'd have close to $10b after 3 months. Then of
course you'd need to ante up some fairly fat estimated tax payment
for uncle.
--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
> Hi,
>
> To make a trading system profitable, we need a good money mangement
> system in-addition to a good signal detection, verification and
> interpretation system.
>
> I find it very difficult to automate good money management
> strategies. Sometimes, you have to enter the market at MOO
(previous
> session's close price), sometimes at High Of Day/Low Of Day etc.,
> Sometimes you have to Pyramid/Pillar your losing positions and then
> close out your losing positions at break even price. Sometimes you
> have to have wide stops, sometimes narrow stops, sometimes no stops
> (combine options with the straight underlying instrument).
Sometimes
> the data is not accurate and so your back-testing results are
bogus.
> It is just too complex to automate all of them. The best I can do
is
> to record my trades and co-relate with my trading report from my
> account.
>
> I do not believe the back-testing report created by the software.
I
> don't think it is prudent to base your trading just on these back-
> testing results. You have to test it in the real-world for about 1
> year with real-world money-management strategies or atleast a
> simulation account. It is a very slow process... one needs a hell
> of a lot of patience, especially when you see your simulation
account
> grossing returns of over 20% a day...
>
> Maybe the new portfolio tester...
>
> Regards,
>
> Pal
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > > After all, the bottom line is to make money! And not to second
> > guess
> > > what you think might occur next. The market is always right!
> >
> > Amen!
> >
> > I have a random question. Speaking of making money, how/what kind
> of
> > profitable systems have people in this group developed using AB?
Do
> > we have any heavy hitters who've written systems showing
> _consistent_
> > 100+% return systems using AB? Anyone interested in results of
such
> a
> > quick survey?
> >
> > I myself am currently testing a system which shows following,
which
> > I'm in the process of confirming as I keep finding bugs in it :-
) -
> >
> > Trading type: Stocks (only long plays)
> > Period: Short term, 2-5 days in a trade.
> > Avg annual return over last 5 years of data: Around 30%
> > Max system % drawdown: 20%
> >
> > I know its certainly not a high flying system by any means, but
at
> > the same time I also read everywhere that most traders end up
> losing
> > money, so at least by that standard it sounds like a good one to
> > start with. :-)
> >
> > Would love to hear statistics from other experts here. I'm sure
> > there're lots of them...
> >
> > Jitu
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Joe"
> <run_for_your_life2003@xxxx>
> > wrote:
> > > Yeah, trust you signals because if they give you the wrong
signal
> > > you can only blame yourself for your mistakes.
> > > At the moment a lot of investors thinks this market will tank
in
> > > October! I still buy according to the signals on my graph!
> > >
> > > Will the majority be fooled this month thinking a downmove in
> > stocks
> > > and in reality happens in November. I buy my stocks according
to
> my
> > > signals! Very rarely listen to news on television or the
> newspaper
> > > and do a much better job on investing now.
> > >
> > > After all, the bottom line is to make money! And not to second
> > guess
> > > what you think might occur next. The market is always right!
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx>
> > wrote:
> > > > Hi,
> > > >
> > > > READ NOTHING, LISTEN TO NO ONE, EXCEPT YOUR SIGNALS...
SIGNALS
> > > TALK
> > > > TO YOU, SOMETIMES THEY SCREAM...
> > > >
> > > > LEARN TO BUY ON BEARISH NEWS AND SELL ON BULLISH NEWS
> > > >
> > > > Regards,
> > > >
> > > > Pal
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "palsanand"
<palsanand@xxxx>
> > > wrote:
> > > > > Hi,
> > > > >
> > > > > THE TREND IS YOUR FRIEND BUT NOT WHEN IT IS GOING TO END....
> > > > > CUT YOUR LOSSES SHORT & LET YOUR PROFITS RUN....
> > > > > THERE IS A TIME TO GO SHORT, A TIME TO GO LONG, AND A TIME
TO
> > GO
> > > > > FISHING....
> > > > > BUY LOW, SELL HIGH....
> > > > > BUY EAGERLY, SELL RELUCTANTLY....
> > > > > YOU CAN'T CHERRY PICK SIGNALS, YOU HAVE TO TRADE EVERY DAMN
> ONE
> > > OF
> > > > > THEM....
> > > > >
> > > > > Regards,
> > > > >
> > > > > Pal
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