|
PureBytes Links
Trading Reference Links
|
I agree, Steve K system has posted a good system and by adding to it
you can by all means increase your equity curve.
I've also tinkered with many indicators and most on the charting
programs that come with the package are just plain crude or blunt
indicators. Almost all of those that come with the charting programs
I find you can just toss them out the window!
How many stockmarket books have you bought that's worth reading that
are laying on the shelf collecting dust...to me they look like they
have been copied in sections or have been stolen out of other books.
I've learnt if you don't sharpen your tools for "entry" or "exits"
the results don't do very well on the equity curve.
--- In amibroker@xxxxxxxxxxxxxxx, "Gary A. Serkhoshian"
<serkhoshian777@xxxx> wrote:
> 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,
> Gary
>
> 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
>
> Send BUG REPORTS to bugs@xxxx
> Send SUGGESTIONS to suggest@xxxx
> -----------------------------------------
> 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.
>
> Yahoo! Groups SponsorADVERTISEMENT
>
> Send BUG REPORTS to bugs@xxxx
> Send SUGGESTIONS to suggest@xxxx
> -----------------------------------------
> 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 ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->
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 http://docs.yahoo.com/info/terms/
|