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Bruce,
At some point I hope you will understand that the open & the close are
only events. So what we are interested in is the wins & the loses. You
are right about the fine line between winning & losing. What the wins
and loses tells us is that we are to be long in one region and short in
the other region. So if you think of it in those terms (regions) open &
close become irrelavent.
You also have to remember this is only one formula. It tells you about a
region of preferable trading. Now add another indictor that tells you
about this same region of preferable trading. But based upon a seperate
set of rules.
So you are increasing your odds of a successfull trade.
Now whether you can support yourself and your Jag (LOL) depends on you.
My past experiences tell me not to be like the deer who is blinded by
the glare of the headlights (the money, the power, the toys). Since it
can easily be killed buy the moving vehicle. But instead to love the
task. Although boring at times. It is the love of the tasks involved in
trading, that will keep you on the right path.
Harley
Bruce Russell wrote:
> Harley:
>
> Thanks very much for the formula. This is getting interesting. I
> tested it
> against Rainforest Cafe (RAIN). Using the Trade Price = OPEN
> assumption, I
> make about $280 million dollars. When I use Trade Price = CLOSE
> assumption,
> I lose everything. In the past I've worked hard trying to get a
> system test
> to make some decent money and they were always disappointing. This
> must be
> often because the signal was already one day late !
>
> So you are saying that with a RT feed and some trading experience I
> can make
> this trading system pay for my computer, rent, salary, car, suv,
> jaguar,
> hobby farm, Cessna, etc.? :)
>
> Thanks for your help!
>
> Bruce
> PS: I'm happy for you on Yahoo and ONSL today.
>
> -----Original Message-----
> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: Bruce Russell <russell@xxxxxxxxxxxx>
> Cc: A metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
> Date: Monday, November 24, 1997 1:51 PM
> Subject: Re: Super Stochastic...
>
> >Hi Bruce,
> >The next thing you need to do is to take the rate of change. So for
> the
> >sake of illustration. Let's say you called the below formula "sps".
> So
> >in your system test you will have
> >
> >go long (and close short)
> >sps - ref(sps,-1) >0
> >close long (go short)
> >sps - ref(sps,-1) <0
> >
> >
> >In your options select open with a zero day delay. We know this is
> >cooking the books but we are interested in the win/loss ratio since
> we
> >are using RT data feeds to make our decisions.
> >
> >Also here is the correct formula:
> >
> >(Stoch(2,2) + Stoch(3,3) + Stoch(4,4) + Stoch(5,5)
> >+ Stoch(6,6) + Stoch(7,7) + Stoch(10,10))
> >/7
> >
> >Let me know if it doen't work.
> >Again it was a pleasure to meet you.
> >
> >Harley
> >Bruce Russell wrote:
> >
> >> Harley: I've been experimenting with system tests using the Super
> >> Stochastic you showed me. I must have the formula wrong because
> I'm
> >> not getting the enormous gains testing on ONSL. The formula I'm
> using
> >> is: (Stoch(2, 2) + Stoch(3, 3) + Stoch(4, 4) + Stoch(5, 5) +
> >> Stoch(6, 6) + Stoch(7, 7) + Stoch(8, 8)) / 7 Where did I screw
> >> up? Thanks, Bruce
> >
> >
> >
> >
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