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--- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore"
<electricwally77@xxx> wrote:
>
> 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
Duke - thanks for the value added code - I'll try to work it into my
file later.
Walter,
Yes, I have heard it called 'Not So Easy Language'.
AB is an excellent starting out program because it is relatively
cheap and you can grow into it (you don't have to throw away your
first two programs and start to re-learn all over again like I did).
All people new to the market should allow at least two years before
even thinking about winning.
Initially free Yahoo data is great for learning the markets and the
software. Once you start to find some ways to win in the market then
you can consider what data you need to go with your style/systems.
Also, AB is huge and accommodates very advanced users but it isn't
necessary to go all the way with it - I'm doing fine using only about
1/10 th of it's capabilities (my style is very simplistic in
application).
brian_z
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> 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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