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The aurthor in TASC is not using Zig as a trading system. He
has suggested using confirmed zig as a trend filter. This is
what I understood from the article, and find it intriguing.
nand
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> 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@xxxx>
> 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@xxxx
> > Send SUGGESTIONS to suggest@xxxx
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> >
> >
> >
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