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[amibroker] Re: any karnish watchers out there? For Steve



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Mark,

If I were going to call into question the concept of robustness in 
system design or the tools you employ to measure it, I would have 
done so in the thread where it was discussed, not in a silly phrase 
that was totally unrelated to that thread in any way.

--- In amibroker@xxxxxxxxxxxxxxx, "quanttrader714" 
<quanttrader714@xxxx> wrote:
> Fred, I'm talking mostly about after I posted the 5 "lite" criteria,
> such as your comment in Message 52666:  "It's not as robust, OMG
> there's that word again." When I read things like that, it doesn't
> make me feel real good about having shared.  Not that I don't adopt 
a
> sarcastic tone myself sometimes but I'll think you'll find that 
when I
> do, it's almost always reactive.
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Fred" <ftonetti@xxxx> wrote:
> > Mark,
> > 
> > Most times I wouldn't argue the fact that I can be critical about 
a 
> > variety of things.  But I think you better go back through the 
> > robustness thread and reread what I posted as I was doing my 
level 
> > best to be positive and move things along in a positive way.
> > 
> > If I failed in that thread, it's not likely I'll ever succeed in
> any 
> > other thread ever again ...
> > 
> > --- In amibroker@xxxxxxxxxxxxxxx, "quanttrader714" 
> > <quanttrader714@xxxx> wrote:
> > > You seem to forget that I volunteered (twice) to lead anyone
> > > interested through the entire trading process, from robustness
> > > criteria and robust system development to actual real time, 
real $
> > > execution (putting my own money publicly on the line to show the
> > > concepts work).  Has anyone else made that offer?  And instead 
of
> > > taking me up on it, all I got was a bunch of sarcastic comments
> from
> > > you, Fred, Howard and Steve (among others) about "academics" and
> > > "robustness".  Well, guess what?  I'm *not* an academic.  I'm a
> > > trader.  And even though I'm in a research pause, the one trade 
I
> > > closed out last week *netted* me approximately 125% (on the 
trade 
> > not
> > > my account).  How did you do last week?  Did you even trade 
last 
> > week?
> > >  Give me more ignorant sarcasm, Gary, and I'll be sure to post 
my 
> > best
> > > code for you.
> > > 
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Gary A. Serkhoshian"
> > > <serkhoshian777@xxxx> wrote:
> > > >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."
> > > >  
> > > > 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
> > > > 
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