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"...For my part, Goslin's techniques seem very easy to program, at
least as far as the indicators go, yet impossible to use as rigid
systems, because they require judgment to filter the entries and
find good exits..."
One of the reasons I'm such an obnoxious bore whenever this subject
comes up.:) If any system's rules change, how can it be honestly
tested for validity?
"When I have an idea based on a chart pattern, I try to reduce it to
an algorithm that I can test on a computer...If your algorithm gives
you an expected gain near zero--as is typically the case--then don't
delude yourself into believing that the pattern has validity that
depends on some indescribable interpretation you bring to it."
--William Eckhardt
Luck,
Sebastian
--- In amibroker@xxxxxxxxxxxxxxx, Owen Davies <owen5819@xxxx> wrote:
>
>
> >From: K Lalchand <klal25@xxxx>
> >
> >Chick Goslin's "Trading Day by Day" - easily one of the best I've
read for a while. His approach - at least the technical bits, can
easily be programmed in Amibroker. Email me if you do read the
book - I'd be happy to share some of my work with Goslin's approach.
> >
> >
>
> Dear Lal,
>
> While catching up with the Yahoo groups after some unwanted travel,
I
> have just noticed your messages about Chick Goslin's work. I have
read
> Goslin's first book and am now waiting for "Trading Day by Day" to
> arrive from Amazon. For my part, Goslin's techniques seem very easy
to
> program, at least as far as the indicators go, yet impossible to
use as
> rigid systems, because they require judgment to filter the entries
and
> find good exits. If there is anything you would care to share about
> Goslin's work, and your own, I would be very interested.
>
> Best regards,
>
> Owen Davies
>
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