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That's right, Rakesh. As a result, results will often not be accurately reflected by a mechanical evaluation.
Bill
----- Original Message -----
From: Rakesh Sahgal
To: amibroker@xxxxxxxxxxxxxxx
Sent: Friday, October 27, 2006 1:01 AM
Subject: Re: [amibroker] Re: seeking the following in a trading platform for a Woodie's CCI trader
To the extent I have been able to understand, Woodies is more of a method, rather than a system where objectively laid out criteria can be applied.
Success is as much a function of the trader's competence in understanding and applying the method(not system) as it is a function of the trader knowing when there is a higher probability of a particular pattern succeeding. The fact that it is hyped up to the extent it is, is probably because novices gravitate towards it hoping they can gloss over their own shortcomings and achieve some measure of success.
R
On 10/27/06, Fred <ftonetti@xxxxxxxxxxxxx> wrote:
It's not about discretionary .vs. system trading ... I have every
respect for those who are successful with some form of discretionary
trading ...
However, when I hear of a particular method where the experts state
that there are definite rules and the rules are written and applied
via AFL or ELx or whatever and the resulting backtest is a flop and
then the experts then state that the rules can't be backtested I
become more than a little suspicious.
--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@xxx> wrote:
>
> I wouldn't knock Woodies (or any other) approach. I know a couple
of traders who have done very well following in his footsteps. I
never got comfortable with it but there is always more than one way
to do something successfully (e.g., system vs. discretionary trading).
>
> Bill
>
> ----- Original Message -----
> From: "Fred" <ftonetti@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 26, 2006 8:41 AM
> Subject: [amibroker] Re: seeking the following in a trading
platform for a Woodie's CCI trader
>
>
> > Woodies is like being on a Jim Jones trip ... now drink the
coolaide
> > boys and girls ...
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@> wrote:
> >>
> >>
> >> Tomasz,
> >>
> >> I apologize for my outburst like this. It just burns me up
> >> sometimes when I know how powerful your product already is and
how
> >> people come on this board and want the moon put into a $229
price
> >> tag.
> >>
> >> Next time, I'll just curse to myself and ignore these kinds of
> > posts.
> >>
> >> Steve
> >>
> >> --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@>
wrote:
> >> >
> >> >
> >> > Dennis,
> >> >
> >> > What are you trying to do? Suck the life force out of this
group
> >> and
> >> > leave it for dead? Maybe you were some powerful guy in the 9
to
> >> 5
> >> > business world where that kind of detailed delegation of
> >> > responsibility got you fat bonuses, but I would hope that
> >> technique
> >> > doesn't fly in the trading community where no one owes you
> >> anything.
> >> >
> >> > I have lost a couple of trading buddies to "the Woodies CCI"
and,
> >> > unfortunately, by the time I saved myself from it, they
already
> >> had to
> >> > go back to their 9 to 5 jobs in order to put food on the
table.
> >> [I'm
> >> > not joking]
> >> >
> >>
> >
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> > http://www.amibroker.com/devlog/
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> > --
> > No virus found in this incoming message.
> > Checked by AVG Free Edition.
> > Version: 7.1.408 / Virus Database: 268.13.9/490 - Release Date:
10/20/2006
> >
> >
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
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Version: 7.1.408 / Virus Database: 268.13.14/501 - Release Date: 10/26/2006
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