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Tomasz Janeczko wrote:
> But... did you actually took a look at the formula and chart at:
> http://www.amibroker.com/members/traders/11-2003.html
In truth, no. Having been bitten once, I have steered clear of zig zag and
its derivatives. I will look at your code and see how it differs from mine.
[Have just done so. The basic reasoning is the same, though the exact code
differs, of course.]
> you will notice that trade signals are usually delayed many, many days
That was true of mine as well, though in my case it was intraday bars rather
than days.
> (after prices moved beyond threshold level).
> Such trade arrows generated by this code do not 'move' nor 'disappear'.
This is very different from my experience.
> 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.
Sure. Your version doesn't cheat.
> From this point of this system is useless for me.
Me, too.
> 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 :-)
I tried it in '99. Wouldn't expect you to waste your time on such things
without prompting from outside.
Owen
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