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Steve,
you wrote in some previous message that you optimize and re-optimize
frequently. The Inspection Points , gathered at
http://groups.yahoo.com/group/amibroker/message/49543
may do the job automatically for you, in cold blood and without any
emotional preference.
I have presented the theory with the Inspection criterion of the
Highest Equity line. The criterion is a part of the code and may
change [easily or not as for the code part...]
Which criteria do you apply in your re-optimizations ?
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "CedarCreekTrading" <kernish@xxxx>
wrote:
> I spent some time reading both of his books
>
> jbell,
>
> Ehler and Williams aren't traders. I've spent some time with
Wilder and Lane and neither one could trade their way out of a wet
paperbag. I love Chande's work, but I believe he struggled with his
management company. Great formula and code writers are seldom the
best traders (except: of course, our own: Dingo, DT, Chuck & Fred?).
>
> Hang in there. Don't expect to open a book and find "off the
shelf" solutions for making money. A good technical system starts
with an enormous amount of hard work. Think outside the box and
don't ever believe everything you read. Try a Perry Kaufman or a
Tuschar Chande book...they might be better then the ones you have
completed.
>
> Take care,
>
> Steve
>
> ----- Original Message -----
> From: jbell5931
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, October 10, 2003 12:13 PM
> Subject: [amibroker] Re: Dr. Elders -Triple Screen Trading System.
>
>
> I spent some time reading both of his books and implemented all
the
> stuff in AB (You can find most the AFL code in the Amibroker
> libary). What I concluded that is that it doesn't work as well
as it
> claimed. For instance, placing stops in NASDAQ stocks is a
dangerous
> thing. I've done a few and the market makers played the game and
> stopped me out. Also, if you don't cancel your stops before the
next
> day, a gap down at the opening will stop you out right away. In
> order to follow his ideas, you almost have to be devoting full
time
> as a trader.
>
> I also read both books from Dr. Bill Williams (Trading Chaos, New
> Trading Dimension). You can also find most of the code in
Amibroker
> library. Currently there are no data that shows this trading
> technique is profitable as it claimed.
>
> Of course, this is just my opinion. I do like the ideas
presented by
> both authors, but find them difficult to make $$. I hope you
guys
> (and Dr. Nathan Berger) have better experience I do.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Marek Chlopek" <mchlopek@xxxx>
> wrote:
> > --- In amibroker@xxxxxxxxxxxxxxx, "gerard_carey"
<gcfinance@xxxx>
> > wrote:
> > > Hi Joe
> > > While never having used it I did investigate it. There are
> formulas
> > > in the library, and heaps of post in the archives. Use Elder
in
> the
> > > search function. I do remember Dr Nathan Berger posting that
he
> > had
> > > used the system successfully for many years.
> >
> > Could someone send me link to or the system itself, please.
> >
> > Regards,
> > Marek Chlopek
>
>
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