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Hello,
For what it's worth to anyone i discovered Steve's StochRsi (8,8,3,)
a couple of years ago. Never could figure out how to make money
with it until a little over a year ago when i discovered Portfolio
Testing.
Since 1/2/03 with a particular group of mutual funds that i trade,
Steve's StochRsi has yielded a Total Gain of 124.59% with a Max Sys
DD of -24.35%. 18 Total trades, 12 Winners, 6 losers.
The power of Portfolio Testing (now in AB) and certain trading
systems has been a powerful, yet simple, combination for me over
the last year or so and i hope it will be for others here.
Thanks Steve for sharing so many of your concepts so freely.
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "CedarCreekTrading" <kernish@xxxx>
wrote:
> Dave,
>
> then I do try it, report results that are less than stellar,
>
> 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.
>
> it's quite another to show some great-looking charts and strongly
imply that the single indicator shown is profitable in and of itself,
>
> 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?
>
> 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".
>
> 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.
>
> 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.
>
> 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.
>
> Take care,
>
> Steve
> www.cedarcreektrading.com
>
>
>
>
>
> ----- Original Message -----
> From: Dave Merrill
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, November 22, 2003 4:59 AM
> Subject: RE: [amibroker] Re: any karnish watchers out there? For
Steve
>
>
> 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. then I do try it, report
results that are less than stellar, and hear, "try this, try that".
>
> 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.
>
> 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.
>
> 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.
>
> 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.
>
> dave
> 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,
> >
> > Steve
>
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