[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[amibroker] Re: Old Backtester featuring "Buy and Hold"



PureBytes Links

Trading Reference Links

--- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore" 
<electricwally77@xxx> wrote:
>
> 
> 
> 
> Hi Brian
> 
> Thank you. I'm studying your response as it may be a little over my
> head at this point. 

Don't worry - I use a lot of pictures in my 'help' files to help 
facilitate learning (images are the language of the subconscious 
mind). I also start at the beginning and walk through the process 
step by step (the path you take after the beginning steps and how 
fast you travel is up to you).

The reason we are interested in buy&hold (b&h) is because we want to 
know if our trading skills are producing better results than dumbluck 
(anybody, without any specialist trading knowledge can b&h) i.e. we 
want to benchmark our trading 'system' against a b&h strategy (in 
real life, when you b&h you receive dividends so you need to account 
for the dividends as well - some 'professional' indexes account for 
dividends some don't - if you use dividend adjusted data then a 
straight b&h calculation is an approximate surrogate for dividend 
inclusion).

So, if I remember correctly, the files at this board are intended to 
expose the reader to the concepts of b&h and show one easy way that 
it can be done and plotted in AB.

Once you understand the concept (and agree with it or conversely 
disagree and want to do it another way) then you can move on to more 
advanced methods to construct b&h plots, or values, etc and also 
consider other ways to benchmark.

I have pointed to some more advanced ideas because:

1) the mind is more powerful than you think and works in amazing ways.

2) when you are exposed to new ideas they seep into your subconscious 
mind, become fertile and later on come back out as productive insight 
(that's when you say - that's what he was talking about).

3) the mind is like a jumps horse - it baulks at new and/or 'big' 
hurdles - but if you walk it up to them a few times and let it see 
what is coming up then it will settle down and be prepared to accept 
the 'big' jump later.

brian_z




I'm new to Amibroker and finally starting to find
> my way around the interface. 
> 
> I'll check out your files in the file section and see if I can
> experiment with them.
> 
> Thank again
> Walter
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore" 
<electricwally77@> 
> > wrote:
> > >
> > > Hi Members
> > > 
> > > Can anyone please tell me if the "Buy and Hold" results in the 
Old
> > > Backtester (v4.4)will be made available in the "Individual 
Backtest
> > > and Portfolio Backtest. It's nice If I can see all results in 
one 
> > report. 
> > > 
> > > Perhaps there is already a way I can view this but I'm still 
llearning
> > > the interface.
> > > 
> > > Thank you for your patience
> > > 
> > > Walter
> > >
> > 
> > Hello Walter,
> > 
> > Perhaps not the definitive answer but to start some thinking 
around the 
> > subject - I did an example of how to simulate a buy and hold 
using a 
> > GUI method (via AA) - it is still in the file section, of this 
> > messageboard, as COMPARE INDEX TO PORTFOLI0 by brian.z123 - sorry 
it is 
> > in parts due to the upoad limits of the file section (I should 
edit it 
> > and move it to the UKB one day) - the limit on the number of 
stocks you 
> > can hold in the simulation is the decimal places that 'Pozition 
Size' 
> > accepts - I haven't tried to push it to the limit as on my part 
it was 
> > only an exercise to demonstrate the principles of the 'buy & 
hold' 
> > equity curve as the freelance traders 'true benchmark' cf to 
popular 
> > indexes (like the Dow etc) - the answer is relative and doesn't 
depend 
> > on the capacity to actually 'buy' many stocks in real life.
> > 
> > I didn't explore the other (less GUI) ways to go about 'buy and 
hold' 
> > in AB but the ATC function can easily calculate (and allow you to 
plot) 
> > customize buy and hold equivalents for large numbers of stocks in 
a 
> > watchlist etc.
> > 
> > brian_z
> >
>




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

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/amibroker/

<*> Your email settings:
    Individual Email | Traditional

<*> To change settings online go to:
    http://groups.yahoo.com/group/amibroker/join
    (Yahoo! ID required)

<*> To change settings via email:
    mailto:amibroker-digest@xxxxxxxxxxxxxxx 
    mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx

<*> To unsubscribe from this group, send an email to:
    amibroker-unsubscribe@xxxxxxxxxxxxxxx

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/