|
PureBytes Links
Trading Reference Links
|
I gotta just jump in here not because I like Steve's system, but rather I like the fact he posted it.
Dave don't lose the forest for the trees here. If the system makes money now, and you feel comfortable trading it, then trade it ! Don't get mired in a bunch on analytical crap. All the guys espousing these concepts of what is robust and what is a good system have yet to post one shred of code for us to run to see how they got to their conclusions. Worse yet, they are even less generous with sharing a speck of a trading ideas via code.
Until that happens, it is all just talk. At least Steve has the juevos to throw a tradeable idea out here on the board. Remember the saying, "those who live in glass houses should not throw stones."
All systems will break, and all of this mental masturabation does not change that fact. Watch your equity curve, and it will be more than obvious when things are going wrong.
Just like Yuki must know her indicators as a discretionary trader, system trades must know their equity curves and their corresponding characteristics.
Respectfully,
GaryCedarCreekTrading <kernish@xxxxxxxxxxx> 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,> > SteveSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. Send BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Do you Yahoo!?
Free Pop-Up Blocker - Get it now
Yahoo! Groups Sponsor
ADVERTISEMENT
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|