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Hi Brian
Very interesting. Thank you for the insight and further info on your
files called "compare index to portfolio". I found the files and I am
studying them.
I've owned another back testing and trading platform for a couple of
years but never found the time to learn their "easy language". One
thing I've learned is that if support and/or some type of online
community dries up then that pretty much spells the end for a new user.
I'm finally learning to code using Amibroker and quite frankly enjoy
the fact that the program resides on my computer and not online. No
reason to pay $100./month for an online trading platform if all one
accomplishes is consistent losses in the market.
Thank You
Walter
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore"
> <electricwally77@> 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
> > >
> >
>
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