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There is another solution to trading-adverse system developers: have
somebody else trade your system and share in the fun.
I think trader-developer teams make a lot of sense.
herman
-----Original Message-----
From: Pal Anand [mailto:palsanand@xxxxxxxxx]
Sent: Saturday, October 02, 2004 11:51 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Awesome trading system
Just one more comment:
I know a guy on another list who told me in private that he likes
the challenge of constructing profitable mechanical systems, but he
was terrified of trading them.
Build a HG or close to it, the rewards take care of itself. It
doesn't make sense to sell it. If somebody has developed a
profitable trading system why would they want to sell it, when they
could be making a killing by using it. Afterall, what price do you
set for the Golden Goose. If you create several geese by selling
the mother goose eggs, what would be the value of Gold. There can
be only one GG and hence only one HG. Just feed the GG, and it will
reward you.
I've developed/modified dozens of systems and only a select few
(scalp, daytrade, swing, long term) do well enough to trade...i've
also evaluated 100's of other people's systems over the decades and
again, only a few work well enough to trade...what a surprise ;-)
what i've learned is that my models are the best because I built
them well and I totally understand the theory that went into them
and so can successfully practice (trade) them...they adapt to market
changes because the market does change a bit and doesn't repeat
itself exactly... in the end, it all boils down to doing what suits
your own style...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
<psytek@xxxx> wrote:
> Nice post... thanks :-)
>
> You hit the nail on the head more than once ... no need for me to
comment
> and raise blood pressures :-)))
>
> Perhaps, like me, some of us like the game more than the rewards.
>
> keep your posts coming Pal, interesting discussion so far!
>
> best regards,
> herman.
>
>
>
>
> -----Original Message-----
> From: Pal Anand [mailto:palsanand@x...]
> Sent: Saturday, October 02, 2004 10:57 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Awesome trading system
>
>
>
> Herman,
>
> Most systems will not work all the time ...... but most system
works
> if there is good money management .... it is like doing
business,
> expenses and mistakes is part of it, but what counts is being net
> profitable having more wins than losers .......
>
> Most traders get caught up in the search for a better system. In
so
> doing they often never spend enough time with any one to learn it
> properly.
>
> I cringe every time an Amibroker user comes out with another
batch of
> indicators/patterns/systems, because I know they're stoking this
> madness.
>
> `Oh boy, more things to try!' :-(
>
> When you've tried a system for all it's worth, give it another
> couple months. Diligently. Keep records of every trade. Take
notes.
> Check every action you take in the calm light of retrospection,
every
> day after the market closes.
>
> There are a million different reasons why a person's mind will
hijack
> his efforts to be a profitable trader. Put yours under round-the-
> clock surveillance and see if there's a problem that's been
> overlooked.
>
> Use what everyone else uses and your success will be measured
against
> the performance of the majority. The bar is set too low.
>
> I prefer discretionary trading. Being a programmer I enjoy
working
> with and testing mechanical systems.
>
> I think the gulf between the two is seldom as wide as it seems. A
> Mechanical system really forms the foundation for the
discretionary
> system. The mechanical system is the framework (foundation) of
the
> Architecture and the Discretionary system is the Architecture.
If
> the foundation is not stable, so would be the Architecture.
>
> Discretionary trading is mechanical trading on steroids.
>
> rgds, Pal
> --- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
> <psytek@xxxx> wrote:
> > Hi Yuki,
> >
> > True, imagined, or pure nonsense, i like to hear what people
think
> they have
> > and think they have accomplished. I will never critique someone
> because
> > he/she claims to have the HG or something really profitable.
Those
> doing so
> > pre-empt the opportunity to learn. Holding back a bit, being
more
> tolerant,
> > and giving the posters the benefit of the doubt will result in
more
> > interesting posts and more interesting discussions.
> >
> > If i can make 20%/month why shouldn't somebody with more smarts
> than me be
> > able to make 50, 100 or even 200%/month? I think a lot has to
do
> with the
> > technical tools one has and efficient order placement.
Execution
> parameters
> > are critical; you may have the HG but be unable to trade it
while
> somebody
> > with better market access would make millions using the same
> system. We,
> > those on this list, will probably never be a match for those
who
> can spend
> > millions on trading resources. Making 100+%/month might be hard
> for me but I
> > have absolutely no doubt it is being done.
> >
> > best regards,
> > herman.
> >
>
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
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