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<SPAN
class=016270523-21112003>Dave,
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>then I do try it, report results that are less than
stellar,
<SPAN
class=016270523-21112003>
For what
period, 1929? 2000? 2001? Might as well pick a some years
that don't fall within two standard deviations for
volatility. How has this approach tested since the first day I
posted it? I know DT tested it and wasn't impressed at the time of it's
original posting. Being the great guy that he is...he offered a
number of improvements to it's structure. Too bad you didn't see the
original post. You could of traded the StoRSI, on QQQ's,and posted a 26-3
track record this year.
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>it's quite another to show some great-looking charts
and strongly imply that the single indicator shown is profitable in and of
itself,
<SPAN
class=016270523-21112003>
Isn't and
hasn't the QQQ/StoRSI been profitable since the day I publicly shared the
indicator and system? Just because you tested it on a couple of years that
had abnormal volatility doesn't really mean much. What's more important:
your historic examination of two outlying years, or the track record that
has been created by the system since I supplied the
approach?
<SPAN
class=016270523-21112003>
I'd suggest
you save your criticism about what works and what doesn't work until what works
... stops working. You are suggesting that this approach sucks because you
can't identify profits in some backtesting. Really, give me a break.
You keep backtesting for 2001 and 2002 and I'll keep using this "general" (I no
longer use the term robust for anything)timing indicator to supplement my
trading ideas and I will continue to "teach, talk, and trade".
<SPAN
class=016270523-21112003>
Please, you
don't need my help. As I recall, you started this tread. Why pursue
shit indicators that produce shit results? Move on to other
approaches. There are plenty of people on this forum that you can learn a
lot more from that a street urchin from Detroit. I don't have any magic.
What I have is nearly 14,000 hours of researh since 1996. Of course, a
part of that was spent testing worthless ideas gleaned for books, seminars and
forums.
<SPAN
class=016270523-21112003>
My Holy
Grail is an eight-ounce styrofoam cup, with teeth marks and lipstick
smears. It's nothing special. OK, I'm going to go back and crawl
into my hole.
<SPAN
class=016270523-21112003>
Oh, for
those interested: I finally finished my new improved webpage. It's
free ...as it has been since the beginning. Lot's of indicators and very
handsome pictures of me and my research partners.
<SPAN
class=016270523-21112003>
Take
care,
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>Steve
<A
href="">www.cedarcreektrading.com
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dave Merrill
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, November 22, 2003 4:59
AM
Subject: RE: [amibroker] Re: any karnish
watchers out there? For Steve
<SPAN
class=016270523-21112003>steve, not only do I assume you've done it, but when
you speak about it as you have, I assume we'll like what we see if we do it
ourselves -- that's why you mentioned it. <SPAN
class=016270523-21112003>then I do try it, report results that are less than
stellar, and hear, "try this, try that".
<SPAN
class=016270523-21112003><SPAN
class=016270523-21112003><FONT face="Courier New"
color=#0000ff size=2>
<SPAN
class=016270523-21112003>I don't mean to
offend, or discourage teaching or the sharing of ideas, not at all. but it's
one thing to suggest that an idea might be worth pursuing, in combination with
a not-completely-specified set of confirming indicators, stops, entrails,
etc.. it's quite another to show some great-looking charts and strongly imply
that the single indicator shown is profitable in and of itself, or with
confirmation from any old trend indicator you might have lying
around.
<SPAN
class=016270523-21112003><SPAN
class=016270523-21112003><FONT face="Courier New"
color=#0000ff size=2><SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>I know I need to do my
own homework. I've been doing a great deal of that, don't mind, find it
interesting even. I'm just mystified by the vibe that the actual
numerical results I get from a system someone else suggested aren't that great
because of some problem with the way I approach life in general, like
some box I haven't thought my way out of (my favorite). it's not the first
time this has happened, so steve, don't take my reaction
personally.
<SPAN
class=016270523-21112003><SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>please don't
misunderstand, I'm trying to learn, not put anyone down, or their ideas. I
very much appreciate the offerings from everyone here, especially the more
experienced traders and system designers. I hope people will continue to share
their ideas, and comment on what gets posted.
<SPAN
class=016270523-21112003><SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>I also appreciate
everyone's putting up with my ignorance, my endless attempts to test and
verify what gets said, and the periodic intrusions of my inner brat, like this
one. maybe it falls under the category of failing to shut up if I don't have
something nice to say, but surely there are others out there wondering
the same thing and not saying so out of deference to greater expertise. or
maybe not. maybe everyone but me takes this ball and runs with it, all the way
to the bank, while I just continually miss the obvious. either
way, hopefully we'll all learn something by talking about it, or at least
I will.
<SPAN
class=016270523-21112003>
<SPAN
class=016270523-21112003>dave
<BLOCKQUOTE
>I
guess the point is that some, rightly or wrongly, assume you've already
done this. If that's the case what kind of results have you gotten
(CAR, MDD, UI) OOS ? Maybe I'm nuts but to me a Stochastic RSI,
whether it's coupled with a trend indicator or stops of a variety of
types etc. is well INSIDE the box.--- In amibroker@xxxxxxxxxxxxxxx,
"CedarCreekTrading" <kernish@xxxx> wrote:> Dave,>
> No problem....I'd suggest that you mix and match stops, trend
identifiers and triggers. I not suggesting that you over-optimize
(a rather tired and elusive topic on this forum), but, please think
outside the box. The important point is: there are certain
momentum oscillators that time you into trend retracements that are very
accurate. Pick one. > > Then, decide on some
type of trend identification. Only take trades in that
direction. > > Then, conjure a stop strategy...to
protect your position and pocketbook.> > And finally, use
something other than a momentum oscillator to time you out.
Momentum Oscillators will never capture a good move, running in the
direction of the trend, without leaving a lot of "cheese" on the
table.> > I think you can see that this is a bit different
that just buying and selling at the trigger levels. The StoRSI
has, and will always, be a very decent timing device to position you
into trend retracements. > > Take care,>
> SteveSend
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