Re: [amibroker] Anyone actually making money?

["Ton Sieverding" <ton.sieverding@xxxxxxxxxx>]

Louis,

 

Some comments concerning your 'Anyone actually making money' email :

 

1. First a question. What do you mean by 'making a living with AB and trading' ? What average return and risk are you looking for ? 'Making a living' in my eyes is a highly subjective issue. If I should answer you question positive because I am happy with let's say 8% per year, this does not mean that mentioned return is good enough for you ...

 

2. I don't know if this Forum is the right place for your question. People like Mark Hulbert are checking the returns of all kinds of financial services. Take the Top10 and see if you are happy with the result they offer. Then try to develop a system that beats this Top10 and you are making a living with AB and trading. At least then you know that are doing better than most of the trading world. Of course the question is why not just subscribing to one of these services and if the result is good enough ?

 

3. Further I am moving more and more to the long end of the trading medal. Not to the short end and for sure not to 'the tick end'. It's a well known fact that most daytraders do not survive the first twelve months where B&H investors for a very good reason do. I am not at all a B&H candidate but have the feeling that for starters the longer end is less risky than the very short. After lots of experience you can always 'play the tick' ...

 

4. Finally I don't believe in the fact that certain trading systems ( see topic 2 ) on a consistent basis will beat the market for ever. What I see is that trading systems come and go. Sometimes they even come back again. So where I am looking for is to find stable trading system/market combinations that give me the desired return/risk result. Most investors will tell me that I am lacking discipline because I am not staying in love with my system. My discipline goes as far as the properties of mentioned combinations stay within planned boundaries ... And for keeping track of all this, for me there is no better platform than AmiBroker ...

 

Regards, Ton.

 

 

----- Original Message -----

From: Louis P.

To: amibroker@xxxxxxxxxxxxxxx

Sent: Thursday, July 31, 2008 6:15 AM

Subject: [amibroker] Anyone actually making money?

Hi,

I was only wondering...  Anyone actually making money or making a living with AB and trading?

I've been working on ideas and plans for over 7 months now and didn't find anything convincing yet.  I've been searching daily data, then hourly, 15-minute and now I am into 1-minute data and nothing seems satisfying.  Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to work.

So... Anyone is making consistent money with this, and if so, at which timeframe and how do you do it? 

I'm beginning to think about switching to tick database; it seems even 1-minute is too slow for intraday trading.  Anyone making money with 1-minute?

Thanks,

Louis

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