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Owen,
You are incorrect in what you have stated below. I know how zig is
programmed (I implemented it actually in AB) so I know that 'delay' technique
presented http://www.amibroker.com/members/traders/11-2003.html
works OK. In case you mention the 'confirmed' leg remains valid but just a NEW one
starts.
I am 100% sure what I am talking about. And I have checked it in real time too.
The true problem is completely different, and was pointed out by Jayson already,
that delays are usually that large that trading such delayed signals becomes not profitable.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Owen Davies" <owen5819@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, November 24, 2003 11:51 PM
Subject: Re: [amibroker] Re: Peak & Zig Zag
> Tomasz Janeczko wrote:
>
>
> > The technique involves delaying the response of the indicator as long as
> reversal amount is reached
> > and last leg of zigzag line becomes valid.
>
> Ah, Tomasz, we've been through this before. That is exactly the technique I
> thought would work, all the way back when I was still using Metastock. It
> doesn't--and I did not bungle the code. When the price reverses and moves
> far enough in the wrong direction, that last leg ceases to be "valid."
>
> Try using it with real-time data, and you will see the problem. Use small
> intraday bars, or it will take a while. Trading--yes, I blew actual money
> on this!--T-bonds on 3-minute bars, there were two occasions in three weeks
> where all the losing trade signals disappeared and were replaced by winners
> that had not happened in real time. Then I stopped trading until I figured
> out what was going on.
>
> This is the sneakiest error of trading logic I have ever run into. It would
> have to be to catch you and that other extremely bright guy I won't name
> here. And you probably will not catch it until you see it happen in real
> time, because you won't believe I am right. But this problem is real.
>
> Everyone else, I promise you, if you trade this way for long enough I'll be
> the richest guy here, because I will still have the loose change in my
> pockets, and you won't.
>
> Just sincerely trying to help.
>
> Owen
>
>
>
> Send BUG REPORTS to bugs@xxxxxxxxxxxxx
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