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I believe if there is a Holy Grail, it is definatly the money management of
your strategy. Because it is possible to make money with a bad low
profitable system if you have a good money management and it is also
possible to lose money with a good system if you have poor money management.
Good examples are given in Mr. Tharp's book, Trade your way to financial
freedom.
I don't think you would completely agree with me Mr. Tann, because AS I CAN
REMEMBER you don't spent much time on money management. But you have the
change that your system is very correct with a VERY high profitability. But
also if my memory is correct, I remember that you have large drawdowns IF
you get a wrong signal. Correct me if I'm wrong.
Greetings
Mickey
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Guy Tann
> Sent: donderdag 12 oktober 2000 7:28
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: New Buy
>
>
> Malcolm,
>
> There's no such thing as a free lunch.
>
> All I can do is encourage people to develop their own indicators and
> generally give them some small hints in developing their own trading
> systems.
>
> OTOH, I don't think there is such a thing as a Holy Grail
> when it comes to
> trading. Every one of us is different and we respond differently to
> different styles of trading or investing. It took us a long
> time to come up
> with our methodology. What works for us, OTOH, is completely
> different that
> what is right for the long term investor and/or securities day trader.
>
> I have receive several, private emails from people on the
> list thanking me
> for my contribution (whatever it might have been) and telling
> me of their
> successful development of their own, unique systems.
>
> The bottom line is that we feel that the key is coming up
> with your own
> methodology, one that's right for you. We feel that it is a
> mistake to
> follow other people and their developments because then too
> many people will
> come up with the same signals at the same time. Just not
> our style and
> not what we're comfortable with.
>
>
>
> 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 Malcolm Walsh
> Sent: Wednesday, October 11, 2000 4:30 PM
> To: metastock@xxxxxxxxxxxxx
> 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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