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RE: [amibroker] Re: Amazing backtest ==> Automatic/program trading



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Hello Claud,

Don't get discouraged, there are some good systems and possibilities out
there!

Some people on this list have been trading systems for 20 years and many
have been using Amibroker for about five years, all these people wouldn't
been still doing this if they didn't get some worthwhile results. The
problem is not that you can't ever develop a really nice system but that you
can't do it overnight; it takes time and hard work. Most people who start
with technical trading of stocks expect quick riches. Any system that is
simple and works extremely well would be discovered by many and traded to
failure; it wouldn't last.

This forum is like a doctors office :-) if you have a healthy system and are
making a billion bucks, why would you still hang around here? Wouldn't you
rather be flying around the world in your Lear jet? To succeed you have to
think outside the box, try unconventional things; i would almost say that to
succeed you should not think like a trader ;-)

Good luck!
herman
  -----Original Message-----
  From: Claud Hou [mailto:hclaud_98@xxxxxxxxx]
  Sent: Thursday, November 04, 2004 10:07 PM
  To: amibroker@xxxxxxxxxxxxxxx
  Subject: [amibroker] Re: Amazing backtest ==> Automatic/program trading



  Okay. After set this along with
  SetTradeDelays( 1, 1, 1, 1 ); //open & close trades delay

  After 3-year, lost almost everything. maybe a few bucks left...

  So forget it.

  No holy-grail.

  --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
  wrote:
  > Hello,
  >
  > Please re-run your backtest with commission set to 0.5%
  > and check if it still gives you same results.
  >
  > Best regards,
  > Tomasz Janeczko
  > amibroker.com
  > ----- Original Message -----
  > From: "Claud Hou" <hclaud_98@xxxx>
  > To: <amibroker@xxxxxxxxxxxxxxx>
  > Sent: Thursday, November 04, 2004 10:58 PM
  > Subject: [amibroker] Re: Amazing backtest ==> Automatic/program
  trading
  >
  >
  > >
  > >
  > > Indeed it is too good. My wife says I am dreaming. But that's
  what
  > > backtest reports. It's not me. It's the program.
  > >
  > > As any trading system does, you always get a signal first.
  > > So the program works like this (daily based):
  > > 1) Detect a buy signal
  > > 2) Buy at Open next day. (and/or cover)
  > > .... hold till ...
  > > 3) Detect a sell siganl
  > > 4) Sell at open next day, immediately go short
  > > 5) loops back to 1)
  > >
  > > simple as that.
  > >
  > > BTW, I don't like Porche GT. So don't worry about that.
  > >
  > >
  > > --- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
  > >> have you heard what "they" say when something sounds too good
  to be
  > > true?
  > >> Doesn't yours sound a little too good to be true?
  > >>
  > >> Suggest you click the "Check" button in the AA window. If that
  says
  > > you're
  > >> ok then are you testing for high and low values using EOD data
  in
  > > your
  > >> system for buying and selling?
  > >>
  > >> I'd advise you not to get too excited just yet and certainly
  don't
  > > go out
  > >> and buy that Porche GT just yet.
  > >>
  > >> d
  > >>
  > >>
  > >>   _____
  > >>
  > >> From: Claud Hou [mailto:hclaud_98@x...]
  > >> Sent: Thursday, November 04, 2004 4:41 PM
  > >> To: amibroker@xxxxxxxxxxxxxxx
  > >> Subject: [amibroker] Amazing backtest ==> Automatic/program
  trading
  > >>
  > >>
  > >>
  > >> Last night I ran some backtests with some simple trading
  systems.
  > >> The results are amazing:
  > >> For example,
  > >> In 3 years from 11/03/2001 to 11/03/2004, with 10K initial
  account
  > >> value, you'll get 5.3M trading only YHOO. (long/short).
  > >> The result will be even astonishing if you use margin and trade
  > >> options.
  > >>
  > >> So come some questions:
  > >> 1) How reliable are these backtest results?
  > >> 2) How's the progress for AB's feature of automatic trading
  with IB?
  > >> 3) Better yet, is there a broker that accepts a trading system
  from
  > >> customer and does program trading?
  > >>
  > >> Basically, open an account with 10K and let the program run
  every
  > >> trading day, then forget it. Three year later, you check your
  > > account
  > >> finding out you are a multi-millionaire.
  > >> How sweet is that? :-)
  > >>
  > >>
  > >>
  > >>
  > >>
  > >> Check AmiBroker web page at:
  > >> http://www.amibroker.com/
  > >>
  > >> Check group FAQ at:
  > >> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
  > >>
  > >>
  > >>
  > >> Yahoo! Groups Sponsor
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  > >>
  > >>   _____
  > >>
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  > >>
  > >>
  > >>
  > >> [Non-text portions of this message have been removed]
  > >
  > >
  > >
  > >
  > >
  > >
  > > Check AmiBroker web page at:
  > > http://www.amibroker.com/
  > >
  > > Check group FAQ at:
  http://groups.yahoo.com/group/amibroker/files/groupfaq.html
  > > Yahoo! Groups Links
  > >
  > >
  > >
  > >
  > >
  > >
  > >
  > >





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