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I have come across people who in various groups who claim they make money
using Woodies CCI patterns and regularly at that. They have no reason to
make any claims which are not true as they are not selling anything, so I
believe them.
On the other hand people who are very skilled afl coders state emphatically
that Woodie's "rules" are code-able and flop miserably in back testing. The
inference - irrespective of who says what Woodie's is not a system that can
be executed mechanically but a method that requires human input.
R
On 10/27/06, quanttrader714 <quanttrader714@xxxxxxxxx> wrote:
>
> Bill & Rakesh,
>
> Perhaps you guys can clear something up for me. According to one
> document I've read that was approved by Woodie himself, the patterns
> should be traded *exactly* as described. Which to me implies
> mechanical execution that can be backtested. However, nobody ever
> seems to be able to get a coded pattern to "test out," so then Woodies
> practitioners say judgement must be applied. Which is it? And if
> it's the latter, then why don't Woodies practitioners use patterns
> that *do* test out so their judgement doesn't have to overcome the
> "drag" of patterns that backtest so poorly?
>
> --- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@xxx> wrote:
> >
> > 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@xxx> 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@> 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@>
> > > 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
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
> ------------------------------------------------------------------------------
> >
> >
> > No virus found in this incoming message.
> > Checked by AVG Free Edition.
> > Version: 7.1.408 / Virus Database: 268.13.14/501 - Release Date:
> 10/26/2006
> >
>
>
>
>
> 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
>
>
>
>
>
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.409 / Virus Database: 268.13.27/517 - Release Date: 11/3/2006
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