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[amibroker] Re: OT:Definition of a system



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And that of course is fine ... welcome to the world of discretionary 
trading.

--- In amibroker@xxxxxxxxxxxxxxx, "Clement Chin" <clement@xxxx> wrote:
> If you intend to follow all the signals from a trading system, I 
think you
> shall use platform like Tradestations and do program trading. Then, 
you can
> treat it like a cash machine [if it is proven to have positive 
expectancy].
> 
> For me, I will not follow 100% of the signals. 
> 
> 
> 
> 
> -----Original Message-----
> From: Fred [mailto:ftonetti@x...] 
> Sent: Tuesday, February 08, 2005 9:34 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: OT:Definition of a system
> 
> 
> 
> 
> There are of course MECHANICAL systems and DISCRETIONARY systems 
and 
> while discretionary systems can have mechanical parts to them, 
> mechanical systems imho can not have discretionary parts to them.  
> Not only don't mechanical systems question entries, they don't 
> question exits, stops, allocation of funds, anything calendar or 
> clock related.  In short they don't question anything.  They do ( 
> hopefully ) what they have been programmed to do.  There is another 
> term for this when combined with a real time trading platform ... 
> program trading.
> 
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi mrdavis9,
> > 
> > Tuesday, February 8, 2005, 9:42:54 AM, you wrote:
> > 
> > m> Even if you execute a full 99% of your system's
> > m> recommendations, and avoid only 1%, you have forfeited the 
right
> > m> to say that you are using a trading system.
> > 
> > Way too strict for me, but whatever you like.  There is just about
> > nothing in life that you can make a 100 percent rule for, other 
than
> > perhaps death and taxes.  Personally, I would reserve the right to
> > overrule what, to my experienced brain, looked like a head-on car
> > crash at more than 100 kph.  If someone else wants to take that 
hit
> > based on some "philosophy of pureness in trading systems", well, 
> that
> > is their privilege.  I however, will retain the "right" to say I 
am 
> a
> > systematic trader when my compliance with the system is clearly 
the
> > vast majority of calls.  But 100 percent of anything I often find 
to
> > be a bit much.
> > 
> > Yuki
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 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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