Title: Re: [amibroker] Re: Have AmiBroker respond to email
Brian :-) I don't think I implied anywhere that our group is as far advanced as you suggest. We've got a very long way to go to get anywhere near that level of accomplishment.
I like to think about and explore new ways of doing things, moving on my own sometimes. I love tinkering with new trading ideas and much prefer to explore than to trade :-)
thanks for the feedback!
herman
Thursday, June 18, 2009, 8:33:23 PM, you wrote:
> You are definitely at the cutting edge of working in, and with, trading
> groups.... no doubt the trading capability of your group, or at least the
> potential, exceeds mine.
> It just happens that I don't have the capacity to work in trading groups ... I am too grumpy for a start.
> I think that there are individuals in this forum who are at the cutting edge in any trading area.
> I noticed recently that a lot of the literature I referenced this month all
> came out of NewYork ... Covel, Steenberger, Mandelbrot ... to close a
> collaboration seems a little incestous and unhealthy to me.
> I think the diversity and freshness of this forum is an advantage ... a
> little intragroup tension is healthy too.
> Another observation I have made is that the distinction between investors and
> traders is arbitrary ... we are all in the business of engineering returns
> to maximise reward and minimise risk. Everything that I do has been
> influenced by academic financial theory that has filtered down to the institutions
> and from there to me, via books, websites and discussion boards.
> On the flip side I believe that the investigations made by retail traders
> should be of interest to institutional investors (its a pool of research they
> can tap into) ... that is why I return the favour by 'publishing' as much of
> my efforts as I can (except for my core 5%).
> So, over to your discussion:
> <snip>This can also be useful when traders use different data sources - often
> screens and signals vary with data source.<snip>
> Given that your trading friends are using different datasources etc ... do
> they get different results on average i.e. is the distribution of their trade
> series, using the same system, on the same instrument significantly different?
> It seems to me that in any group their is always a compromise between
> individual interpretation and application and the group function (going to the well
> to draw the water). This seems to be evidenced by the fact that you are using different data?
> Are you all using the same broker?
> If you use different brokers is there any evidence of a marked difference in 'slippage'?
> I think your statement below indicates that you are thinking about the group
> dynamics as much as a method to implement your group developed systems.
> <snip>In an extreme application remote trading could be employed to give
> traders more freedom. The system would only place trades if there is a majority
> consensus. A trader could take a short break while his system tracks the others<snip>
> I am considering the axiom that majority consensus is an old world model ....
> I don't think this operates in alphagroups ... if it does it is subliminal
> ... no vote is ever taken.
> <snip>Being able to share signals and trades in real time could also be used to distribute processing.<snip>
> The benefits of parallel processing could be outweighed by the time penalty
> involved in transmitting the signals/consensus decision etc.
> When it comes to speed etc ... how could we beat an institution that is
> sitting on top of the markets with big pipes, wall to wall servers and
> distributed processing?
> There is no reason to believe that institutional traders aren't as smart as
> us or can't design systems as well as what we can?
> <snip>Now, whether "email" would be the right tool to use is another question...<snip>
> I think that your chosen group model determines the tools you should use e.g.
> you might interact, in the way that programmers typically work on group
> projects, to design your systems and then consider the options for implementation:
> - hypothetical synchronized models .... collectively design and implement
> algorithmic trading of your system(s) .... a mother server controls the computers of the
> group members at different locations .... OR an agreed algorithmic method is
> common to individual computers and you take turns to trade the system at
> each location according to a roster (round the clock implementation with
> different people living in different timezones OR you implement your collective
> algorithmic trading from the location of the member who is closest to the market.
> - hypothetical fluid models ... the group designs systems collectively and
> individuals trade different models separately OR on behalf of the group i.e.
> with a pooled account (diversification by trader?) etc
> These are all hypothetical ideals though.
> In reality group friction will always detract from the ideal .... no matter what.
> We will only achieve 'one mind' when the universe dissolves back into the 'womb of the creator'.
> This forum is about as close to trading co-operation as I am going to get ...
> I am not up to anything beyond informal discussion.
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**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
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