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As it's you, say 75 USd, but prepared to round it up to 100USD.
----- Original Message -----
From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, June 10, 2001 9:57 PM
Subject: Re: Steve Karnish Challenge
> How much is 50 GBp in Confederate money?
> Lionel Issen
> lissen@xxxxxxxxxxxxxx
> ----- Original Message -----
> From: "David Jennings" <DavidJennings@xxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Sunday, June 10, 2001 2:22 PM
> Subject: Re: Steve Karnish Challenge
>
>
> > Absolutely not, how about opening a book. 50 GBp says Steve wins by a
> > country mile.
> > ----- Original Message -----
> > From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Sunday, June 10, 2001 5:55 PM
> > Subject: Re: Steve Karnish Challenge
> >
> >
> > > Rick:
> > > This personal vendetta and challenges must stop. It is
> counterproductive
> > > and distracting to most of us.
> > > If you want to challenge Steve Karnish please do so privately, then
> post
> > > the results if you want to.
> > > Lionel Issen
> > > lissen@xxxxxxxxxxxxxx
> > > ----- Original Message -----
> > > From: "Rick Parsons" <RickParsons@xxxxxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Cc: <kernish@xxxxxxxxxxxx>
> > > Sent: Sunday, June 10, 2001 9:35 AM
> > > Subject: Steve Karnish Challenge
> > >
> > >
> > > > Steve,
> > > >
> > > > I guess if I'm a cynic, it is because it is what I have experienced
> and
> > > seen
> > > > in the past. As I said on my email, I am open minded enough to
> realize
> > > > anything is possible. So I accept your challenge.
> > > >
> > > > I will check with a dozen users if you provide me their email
> addresses.
> > > I
> > > > sincerely hope you and your users prove me wrong. If I am wrong,
then
> I
> > > > will be more than glad to apologize. I probably will even trade
your
> > > system
> > > > and become your strongest supporter. And I will have learned a
> valuable
> > > > lesson too!
> > > >
> > > > Of course we must all realize you have the advantage of picking the
> > dozen
> > > > names. No doubt you can easily pick and choose among your list to
> give
> > > > yourself an advantage.
> > > >
> > > > I have been looking over your website and have a several questions:
> > > > 1) Are the free stock picks chosen by using the free momentum
> > oscillators
> > > > listed on your website? Or do you use a proprietary system?
> > > > 2) I see your charts showing buy and sell signals go back one year.
> > For
> > > > how long have you actually traded these systems using real money?
> > > > 3) I notice many of your buy signals show large drawdowns before
they
> > > > recover and exit at a profit. Can you post the system statistics on
> > each
> > > > stock chart so we can see the maximum drawdowns?
> > > > 4) How often do you re-optimize the momentum oscillators if at all?
> > > >
> > > > Thanks for taking the time to help me understand your methods.
> > > >
> > > > Thanks,
> > > >
> > > > Rick
> > > >
> > > >
> > > > -----Original Message-----
> > > > From: owner-metastock@xxxxxxxxxxxxx
> > > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve Karnish
> > > > Sent: Saturday, June 09, 2001 2:32 PM
> > > > To: metastock@xxxxxxxxxxxxx
> > > > Subject: Re: QQQ System Test Optimizations
> > > >
> > > >
> > > > Rick,
> > > >
> > > > I seldom waste my time with cynics...but, which would you prefer:
> > audited
> > > > statements or a list of a dozen clients to contact?
> > > >
> > > > The problem is not developing something that works...the problem is
> > > dealing
> > > > with people, like yourself, who are so prejudiced and frustrated by
> > their
> > > > own inability to appreciate equity (they "transfer" these
inadequacies
> > to
> > > > all traders, brokers, and vendors).
> > > >
> > > > You got it all wrong Rick: Optimized systems are the "holy grails"
we
> > all
> > > > dreamed about. They just happen to be lethal weapons in the hands
of
> > the
> > > > pompous, unskilled and skeptical.
> > > >
> > > > I dare you to call my clients. I will give you all the numbers if
you
> > > > report your findings and then apologize and admit that you are dead
> > wrong.
> > > > Blantant indictments are stupid and obtuse. Maybe if you could
> actually
> > > > develop something that worked and then had the character to follow
the
> > > > rules, you'd feel differently about the subject. In the future,
watch
> > > what
> > > > you say: the "thought police" WILL pull you over when you drive down
> > that
> > > > "dark road" you've chosen to cruise on.
> > > >
> > > > I've found that the largest critics of investment strategies often
are
> > the
> > > > folks who fall into the traps that they criticize publicly. Moral:
> "Qui
> > > non
> > > > intellegit, aut taceat aut discat".
> > > >
> > > > Take care,
> > > >
> > > > Steve Karnish, CTA
> > > > Cedar Creek Trading
> > > > http://www.cedarcreektrading.com
> > > > ----- Original Message -----
> > > > From: "Rick Parsons" <RickParsons@xxxxxxxxxxxxxxx>
> > > > To: <metastock@xxxxxxxxxxxxx>
> > > > Sent: Saturday, June 09, 2001 8:54 AM
> > > > Subject: RE: QQQ System Test Optimizations
> > > >
> > > >
> > > > > Rudoff,
> > > > > Let me ask you this: Have you or anyone ever found an optimized
> > system
> > > > that
> > > > > has worked in every market over the course of years? (The Holy
> Grail)
> > > How
> > > > > many really manage to follow an optimized system over a long
period
> of
> > > > time
> > > > > and ended up with a return that beats the market averages?
> > > > >
> > > > > I am sure there may be a few but I bet over 90% of all who have
> tried
> > > have
> > > > > given up their system at some point due to excessive drawdown,
> losses
> > or
> > > > > emotional second guessing.
> > > > >
> > > > > I often see advertisements in magazines or on the net for
> "optimized"
> > or
> > > > > "curve fitted" systems that supposedly give wonderful returns.
Then
> I
> > > > look
> > > > > at the testimonials. Almost all testimonials are people who tried
> the
> > > > > system and were one of the few lucky ones to make money in their
> first
> > > few
> > > > > trades. They then rave about the system. But I have never seen a
> > > > > testimonial where a user says "I have been trading this system for
> 12
> > > > months
> > > > > (or more) and have consistently made money every single month for
> year
> > > or
> > > > > more.
> > > > >
> > > > > Often I will email the owners of the "system" and ask them if I
can
> > > > contact
> > > > > some of their customers or if they have any chat rooms where the
> > system
> > > > is
> > > > > discussed. Almost every time they will say "We cannot give out
> > customer
> > > > > names due to privacy concerns" and "We do not have a chat room".
If
> > > they
> > > > > say this it is because they don't want you to know that there are
a
> > lot
> > > of
> > > > > unhappy customers out there. If the system was really that good,
> the
> > > best
> > > > > way a company can get more customers is to let current customers
> rave
> > > > about
> > > > > the product in a chat room. But you don't see that. At least I
> > > haven't.
> > > > >
> > > > > Perhaps someday someone will develop a system that does give
> > consistent
> > > > > market average beating returns year after year. Perhaps one
exists
> > > right
> > > > > now. I am open minded enough to know that anything is possible
but
> I
> > > will
> > > > > need to be able to verify the system by contacting customers who
> have
> > > > proven
> > > > > it works over a long period of time.
> > > > >
> > > > > Rick
> > > > >
> > > > >
> > > > > -----Original Message-----
> > > > > From: owner-metastock@xxxxxxxxxxxxx
> > > > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of rudolf stricker
> > > > > Sent: Friday, June 08, 2001 7:31 AM
> > > > > To: metastock@xxxxxxxxxxxxx
> > > > > Subject: Re: QQQ System Test Optimizations
> > > > >
> > > > >
> > > > > On Fri, 8 Jun 2001 13:03:28 -0500, you wrote:
> > > > >
> > > > > >Optimization is a variant of curve fitting.
> > > > >
> > > > > This looks confusing to me...
> > > > >
> > > > > Optimization is a process to select systematically a "best" set of
> > > > > values for a given parametric model to meet some given goals. So
its
> > > > > not a bad thing at all, and I cannot understand this "optimization
> > > > > bashing" going on here.
> > > > > Moreover, _any_ TA work uses optimization, e.g. selecting an
> indicator
> > > > > from several available _is_ optimization.
> > > > >
> > > > > Most things criticized here in context with optimization do not
deal
> > > > > with optimization itself but rather with a "bad" parametric model
> > > > > (e.g. robustness) or with an insufficient goal function (e.g. max
> > > > > drawdown, number of loosing trades, etc).
> > > > >
> > > > > >Curve fitting has been used for
> > > > > >a very long time to analyze data. One of the caveats of curve
> fitting
> > > is
> > > > > >that you don't use the fitted curve for conditions that are
beyond
> > the
> > > > > range
> > > > > >of data.
> > > > >
> > > > > Curve fitting is a fully accepted application area of general
system
> > > > > modeling (i.e. a combination of a parametric model, a goal
function,
> > > > > and an optimization procedure). And of coarse extrapolation can be
a
> > > > > dangerous thing, if the _parametric model_ does not cover e.g.
> > > > > changes of the system behavior over time.
> > > > >
> > > > > So, we should not blame system optimization for everything done
> badly
> > > > > during parametric model and/or goal function setup.
> > > > >
> > > > > mfg rudolf stricker
> > > > > | Disclaimer: The views of this user are strictly his own.
> > > > >
> > > >
> > >
> > >
> > >
> >
>
>
>
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