Re: [amibroker] Re: Magazine recommendation?

[Howard B <howardbandy@xxxxxxxxx>]

Greetings --

On Futures Truth --

I have not subscribed to them for a few years, so someone may bring my comments up to date if there have been changes.  

Futures Truth is run by John Hill, and assisted by George Pruitt.  Over the past many years they have reported performance of trading systems.  Most of the systems they tracked were for sale or lease in one form or another and most trade futures rather than stocks, funds, or ETFs.  The newsletter (it was not a magazine when I used it) at that time was oriented toward people who were looking for trading systems to buy or lease.

In order to have performance tracked, the vendor supplied Futures Truth with a copy of the program and instructions for running it.  Futures Truth ran the system, recorded the trades, and reported the results.  When I subscribed to Futures Truth, their reports on systems for sale or lease were pretty accurate.  Note that most of those systems were in the $3000 range.  Most were sold as black-boxes and most remained black-boxes even after they had been purchased or licensed.  

John Hill, George Pruitt, and Lundy Hill (George's son, I believe), published "The Ultimate Trading Guide" in 2000.  It talks a little about developing trading systems, but contains pretty standard material that can be found in many other sources and nothing I found to be new.  The last part of the book features some trading systems written in TradeStation and tested using their proprietary Excalibur trading system development platform.  If you read the book, you will note that the authors make no distinction between in-sample and out-of-sample.  The results published are all in-sample -- which, in my opinion, have no value in predicting the future profitability of the systems.  So read their results and view their portfolio equity curves with large spoonsful of salt.  Look elsewhere for trading system ideas.

On the other subject -- TASC reviews.  

TASC goes out of its way to avoid giving any useful information about trading systems it tests.  They are disappointing -- when there is such an opportunity to be of value to their subscribers.

I do not know of an unbiased publication that writes about and reports results from open or even gray-box trading systems.  Does anyone?  

Thanks,
Howard

On Sun, Jan 25, 2009 at 7:58 AM, a a <swptec@xxxxxxxxx> wrote:

What is Futures Truth like? They seem to be ranking various trading systems out there. TASC only publishes three page superficial reviews.

---

From: Mike <sfclimbers@xxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, January 25, 2009 7:11:46 AM
Subject: [amibroker] Re: Magazine recommendation?

Thanks for the summary Howard.

Interesting to see that I'm not the only one suffering from destroyed
copies of Active Trader. I have yet to receive a single edition that
has not had its cover torn to shreds :(

Mike

--- In amibroker@xxxxxxxxx ps.com, Howard B <howardbandy@ ...> wrote:
>
> Hi Richard --
>
>
> I regularly read several that sometimes have useful information:
>
> Technical Analysis of Stocks and Commodities
> TASC a regular magazine. There is a subscription fee of $49.95 per
year.
> Most of the articles are related to trading systems. Sometimes
there is a
> valuable idea. There is AFL code in every issue.
> They also publish a tabloid-style newspaper, Traders. It is free,
but
> worthless.
> http://www.traders. com/
>
> Futures
> Futures had been free, but is trying to get subscribers to pay $78
per
> year. You can still find free subscription offers occasionally.
Some of
> the articles are related to trading systems, and some are
valuable. There
> is sometimes code, but seldom for AFL.

> http://www.futuresm ag.com/cms/ futures/website

> Try this URL for free subscription:

> http://dealsofameri ca.tradepub. com/free/ fum/

>
> Active Trader
> Active Trader is a regular magazine with a subscription fee of
$59.40 per
> year. For some reason, their magazines are destroyed in the mailing
> process, but no other magazines are damaged. Most of the articles
are
> related to trading systems. Trading systems are sometimes
described in
> detail, but never tested properly. There is occasionally AFL code.

> http://www.activetr adermag.com/

>
> Stocks, Futures, and Options
> SFO is a regular magazine with strong ties to PFG and Russell
Wasendorf. It
> is free. The quality of articles in SFO is quite good. There is
seldom
> detailed description of trading techniques.
> http://www.sfomag. com/
>
> Thanks,
> Howard
>
>
>
>
>
>
> On Thu, Jan 22, 2009 at 10:56 PM, richpach2 <richpach2@x ..> wrote:
>
> > Hello,
> >
> > I am looking for the recommendation, what is the best Trading
> > ideas/systems/ strategy magazine or possibly newsletter.
> > I had a subscription of "Traders" and I was reading "S&C" on-line.
> > I was told that, "Traders" is now changing from monthly to
quarterly
> > and will no longer be available in English (German only).
> > Any suggestions based on positive experience are appreciated.
> >
> > Regards
> > Richard
> >
> >
> >
>

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