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I live in Las Vegas and gamble. I have made averaged over $70000 per year for the last 10 years. However, when I am in a losing streak and it seems that everything is against me, I have my doubts. I constantly have to remind myself that mathematically I will make a profit in the long run. It is very difficult to see large short term losses that seem to disbute the odds. I go back over my records and check to see if I am doing anything wrong. I see nothing unusual about Mark backtesting his formula to boost his confidence level when things are going bad. It is human nature.
Just my opinion,
Tom
Subject: RE: [amibroker] Re: Has anybody made any money???
intermilan04,
Actually not if he has to back test his system to make sure he is still wanting to trade it or for what ever reason he stated
He stated that when he is down 40% and can not sleep at night he back tests his trade system to make sure it is still working
So why back test to make sure it is right if you have traded it for years and know it makes you money?
So with that in mind yes IO would be needed as much as his back testing to make sure that his system is still working
I am done with this to many black holes about this
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From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of intermilan04
Sent: Wednesday, June 21, 2006 4:29 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Has anybody made any money???
You don't seem to understand. According to Mark H,
HE IS MAKING 126% THE LAST 3 YEARS. We are not talking
about his system producing 126% the last 3 years. He is
MAKING THAT AMOUNT IN REAL LIFE (According to his story).
So what you talked about below is true but irrelevant to Mark H.
intermilan04
--- In amibroker@xxxxxxxxxxxxxxx, "MailYahoo" <MailYahoo@xxx> wrote:
>
> Unfortunately your back-testing only curve fits your trade system
making it
> optimal with already known data.
>
> If you were to use IO with it out of sample I would think that it
would fall
> apart and you would have to wait for that huge win to dig you out
>
>
>
> I rather have my system with a Mdd of about 9% and Annret of 38%
>
>
>
>
>
> Mark
>
>
>
>
>
>
>
> _____
>
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
On Behalf
> Of Mark H
> Sent: Monday, June 19, 2006 10:02 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] Has anybody made any money???
>
>
>
> That's why I said it was the most difficult part of the system :-)
>
> When I couldn't sleep at night, I just ran a backtest again, and
compared
> the current market conditions with historical conditions with similar
> drawdowns.
>
> That helped me breathe and relax!
>
>
>
> ----- Original Message -----
>
> From: MailYahoo <mailto:MailYahoo@...>
>
> To: amibroker@xxxxxxxxxxxxxxx
>
> Sent: Monday, June 19, 2006 8:56 PM
>
> Subject: RE: [amibroker] Has anybody made any money???
>
>
>
> Mark,
>
> 40% MDD?
>
> I would be up all night with that
>
> To me that is not a trading system that I could live with, more of a
hope
> and pray type of system
>
> Mark
>
>
>
> _____
>
> size=2 width="100%" align=center tabIndex=-1>
>
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
On Behalf
> Of Mark H
> Sent: Monday, June 19, 2006 5:30 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] Has anybody made any money???
>
> Dr Gaine$
>
> My strategy is dip buying. When the market is bullish, buy strong stocks
> when they dip steeply and sell them when they rise.
>
> The secret is to use time stops (5-8 days) to let your capital work
harder
> for you.
>
> The most difficult part is to sit tight when market is not good and also
> stomach the drawdown up to 40%.
>
> Backtest helps a lot to pull the trigger when you are down 40%.
>
> - Mark
>
> ----- Original Message -----
>
> From: richard <mailto:dr_richard_gaines@...> gaines
>
> To: amibroker@xxxxxxxxxxxxxxx
>
> Sent: Sunday, June 18, 2006 9:40 AM
>
> Subject: Re: [amibroker] Has anybody made any money???
>
> Share your strategy with us Mark.
>
> Dr Gaine$
>
> Mark H <amibroker@xxx> wrote:
>
> Absolutely. Average 126% for the last three years.
>
> But you should know that software are just tools and not money printing
> machines. It is what between your ears matters.
>
> ----- Original Message -----
>
> From: tom_katch <mailto:tom_katch@...>
>
> To: amibroker@xxxxxxxxxxxxxxx
>
> Sent: Saturday, June 17, 2006 7:04 AM
>
> Subject: [amibroker] Has anybody made any money???
>
> I own Amibroker software, and have the latest version (standard). I
> also have Metastock, Vectorvest and some other software. But I am
> sorry to say that Amibroker is the only software I ever bought that I
> did not study up on. I understand that most of the users are very
> pleased with it from looking at this forum. Most of the postings are
> of a technical nature, with questions as how to understand and use the
> software. But I don't recall seeing postings from people noting their
> success in using the software. Have any of you had great/good/fair
> success in using it? Have you made a lot/some/little money with it?
> Maybe some of your positive comments will give me a kick in the ass,
> and I'll start on the 800 page manual.
>
> Thanks
>
> Fred
>
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