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Malcolm,
I disagree with you. Guy has laid out his trading strategy well. It will
not be suitable for most, in fact, the way Guy explains it, his trading will
not be suitable for 99% of traders. But with years of testing and having
big deep pockets, he is happy to trade that way.
It is not up to Guy to hand over every detail of his trading system. It is
up to us as individual traders to gleam what we can out of his posts, and
adjust our own trading methods if we feel we need to.
We all have to find the best trading strategy to suit ourselves. For
example, Ton has a totally different approach to trading, but I'm sure,
equally successful. His search for the Holy Grail takes him in a different
direction to Guy.
I have been currency trading for over 20 years now, and have, all too often,
seen people give away their successful trading systems only to find they
start performing badly when too many people join the bandwagon. A perfect
example is the originally highly successful Turtle Traders. They have
suffered over the past years because everyone knows when they enter the
market, and more importantly, where they exit. There is no better joy in
this world for a market-maker to push a market far enough to feel another's
pain as they are being stopped out (please, don't get me wrong, this is not
my style of trading!).
Guy, I thought your post was excellent. You have given away enough for us
to have a think about, without giving away the finer details. I for one,
couldn't trade that way. I need my sleep at nights.
----- Original Message -----
From: "Malcolm Walsh" <malcolm.walsh@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, 12 October 2000 9:29
Subject: RE: New Buy
> Guy;
> Really. How can you use so many words to say exactly nothing.
>
> If you have a good system and want to share then do so.
>
> I know from you previous posts that you are well meaning but
> in this market, where most have lost more than they have gained,
> your grandeur is not really what I want to hear unless you can
> share your holy grail with all of us.
>
> Malcolm
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Guy Tann
> Sent: Wednesday, October 11, 2000 6:44 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: New Buy
>
>
> Neo,
>
> I'm not trying to be cryptic, but these are indicators that we have
> developed over the last 40 years or so. Prior experience (take Williams
and
> how he made $1mm trading the silver market) shows us that once these are
> made public, they cease to work, either from too many people trading them
or
> from bigger traders triggering false signals. My dad is adamant in
keeping
> this proprietary.
>
> What I can tell you is we use strictly the O, H, L, and Close. We feel
that
> all information is accounted for in the daily price activity. We don't
use
> any of the prepackaged indicators and have written all of our own. The
only
> features of MS that we use are moving averages (of our indicators) and
> regular addition, subtraction, multiplication and division. Our basic
> system (SP39) is comprised of 6 different signals, to which we have
applied
> weights. Our final SP39 signal is the arithmetic total of these 6
weighted
> signals and can vary from between -10 and +10. Our signals are all
> mathematical and we don't do any charting, except occasionally.
>
> Our signals are probability based. By that I mean, we "know" (if we
really
> can ever know anything) that, on average, we will make money on 3 out of
> every 4 trades. We have been able to maintain that probability of success
> for over 15 years now. As I've stated publicly on this list, we would
make
> a ton of money and then lose it all. This was not a system problem, but a
> problem with the traders (my brother and myself) getting greedy and
> reinvesting too much money and, as we discovered, running a 100% Risk of
> Ruin. We proved that several times over the years. Beginning last year
or
> so, we started applying sound (at least we thought they were sound) money
> management techniques and have managed to weather a couple of major losses
> (including our current open trade).
>
> I've tried to encourage everyone to work on developing his or her own
> trading system as we believe that anything you can buy is not worth what
you
> pay for it. We also encourage everyone to paper trade for a while before
> risking real money, and finally we recommend that you start this
development
> manually, just so you don't fall into the optimization trap, where you
> develop your system using 100% hindsight.
>
> Regards,
>
> Guy
>
> Politicians and diapers have one thing in common. They should both be
> changed regularly and for the same reason.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of neo
> Sent: Wednesday, October 11, 2000 12:09 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: New Buy
>
> Guy
>
> Would you mind sharing the formulas and system?
>
> neo
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Guy Tann
> Sent: Wednesday, October 11, 2000 11:58 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: New Buy
>
>
> Leo,
>
> H700 is one of our Intermediate Term Signals (ITS). Our system is
comprised
> of two parts. The first half being a short term signal (which we call
SP39
> which simply stands for the 39th indicator in MS) and the other half being
> comprised of 4 ITS (H700, HSIG, H66R and HGGG and don't ask me how our dad
> comes up with some of these names). :) All of these ITS indicators
> (signals) run in DOS as I haven't been able to convert them into MS yet.
>
> Guy
>
> Politicians and diapers have one thing in common. They should both be
> changed regularly and for the same reason.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of leo.timmermans.lt@xxxxxxxxxxxxxxxx
> Sent: Wednesday, October 11, 2000 1:40 AM
> To: - *metastock@xxxxxxxxxxxxx
> Subject: Re: New Buy
>
> Hello,
>
> What is this H700 ???
>
> Kind regards
> Leo
>
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