|
PureBytes Links
Trading Reference Links
|
Hello,
But... did you actually took a look at the formula and chart at:
http://www.amibroker.com/members/traders/11-2003.html
you will notice that trade signals are usually delayed many, many days
(after prices moved beyond threshold level).
Such trade arrows generated by this code do not 'move' nor 'disappear'.
However, if you backtest such system it will produce results a lot , lot worse than 'normal'
zig-zag based one. In fact, in most cases such system will produce
results not better than simple MA crossover.
>From this point of this system is useless for me.
BTW: it is not my approach/system, it has been presented in S&C November 2003
and the background is presented there. I wrote the formula for it because
I write formulas for all articles presented in S&C since about year :-)
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Owen Davies" <owen5819@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 25, 2003 1:34 AM
Subject: Re: [amibroker] Re: Peak & Zig Zag
> Tomasz Janeczko wrote:
>
>
> > 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.
>
> Tomasz, I probably have more respect for you than for anyone I have "met" in
> the online trading community; there are few who even come close in my
> esteem. All I can say for certain is that this error does occur in
> Metastock, and I know that in many cases you have put a good deal of effort
> into making AB functions compatible with those of the older product. Given
> the above, I can only assume that you either avoided a trap they fell into
> or made a deliberate exception in this case.
>
> > 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.
>
> Couldn't agree more that this is a problem, of course, though it does not
> show up in backtesting with Metastock. Given my experience some years ago,
> I have not repeated the study with Amibroker.
>
> Owen
>
>
>
> 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/
>
>
>
------------------------ 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/
|