|
PureBytes Links
Trading Reference Links
|
It always amazes me to see the extent that some of us will go to
justify non-tradeable systems. I guess it's either a total lack of
basic understanding of the markets, or some kind of paper-hobby for
them.
For the rest of us, I can tell you that you don't need DPO,
MetaStock's "Maximum Profit System", or even a price chart to make
huge theoretical profits: a crystal ball will do the same job. ;)
http://www.imagi-nation.com/moonstruck/question.html
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, grizz003 <no_reply@xxxx> wrote:
>
> The Nay Sayers who argue that it won't work because "Future Data" is
> required are correct, of course, but also way off base. I think the
> Naysayers should instead be asking, "WHY IS IT SO LUCRATIVE WITH OLD
> HISTORICAL DATA" In actual fact, this profit test runs from the left
> side of the chart where OLD HISTORICAL data begins showing
> spectacular profits almost immediately. There is simply NO future
> data to be found at the left end of the chart. Right? Of course ! !
> That "Future Data" argument does not apply until we get to the right
> side of the chart. The formula just can't be used to make real money
> because a signal for today won't come for another 10 days. Yet this
> lucrative formula cannot be dismissed. Why does it work so well with
> old historical data?????? And just HOW profitable? 125 stcks picked
> at random had 125 profits, and NO losers. Some profits ran $1,000
> into $225,000 in just a few years. Only the Metastock "Maximum
Profit
> System" provides equal or greater profits.
>
> I was always really pissed off at Equis for keeping their "Maximum
> Profit System" a secret. We know it can't be used to make real
money,
> so why keep it a secret??? Can't we can all learn at least
something
> from every formula we look at? Shame on Equis for hiding their
> formula.
>
> Now to answer your own question. The "Grail" formula is nothing more
> than the guts from the DPO(periods) formula which is the Detrended
> Price Oscillator.
>
> Put this into your system testor:
> ENTER LONG:
> DPO(20)< 0 AND Cross(DPO(25),Mov(DPO(25),3,S))
> CLOSE LONG:
> DPO(20) > 0 AND Cross(Mov(DPO(25),3,S),DPO(25))
>
> You will see the same stunning profits on OLD historical data which
> has nothing to do with future data ( until we hit the right side of
> the chart ).
>
> To see why this is so amazingly profitable, make a custom indicator:
> Title: DETREND WITH TRIGGER
> DPO(20);
> mov(dpo,3,s);
> 0; {centerline}
> With this custom formula displayed on the screen, we can better see
> WHY it works.... Now the goal for this astute group of traders is to
> find out why it works and then modify it to work better. And I think
> the KEY is in properly defining and using the CYCLE of the
underlying
> stock. Clearly detrend has an EXCELLENT grip on the stock cycle.
>
> The journey of 1,000 miles consists of 1 little step at a time.
> Detrend is a great 1st step which proves that at least something is
> consistently profitable, even if it is flawed. Consider that several
> things equal to the same thing are equal to each other.
>
> To answer another question, I'm sure that Detrend can be just as
> profitable or even MORE profitable than the Equis "Maximum Profit
> System" by tweaking the DPO periods.
>
> Grizz
>
> --- In equismetastock@xxxx, "robert@xxxx" <robert@xxxx> wrote:
> > praktikus:
> >
> > Could you give some detail on the adaptive moving average
> > that you are using? Did you write some Metastock code for
> > it? Would you mind sharing it?
> >
> > Thanks.
> >
> > Bob
> >
> >
> >
> > Original Message:
> > -----------------
> > From: praktikus_ms mluescher@xxxx
> > Date: Wed, 23 Oct 2002 19:32:52 -0000
> > To: equismetastock@xxxx
> > Subject: [EquisMetaStock Group] Re: Huge System Test Profits
> >
> >
> > Hi grizz
> >
> > did you compare your system with the "MAXIMUM PROFIT" System that
> > came with MS? Guess the profits would even increase ...
> >
> > Honestly said wouldn't it be perfect for all of us to know exactly
> > where that the price of a stock (option, future, name what you
want
> > to) is in a month, a week, a day or even by the end of the day.
> Sure
> > thing we all would be much better in our trading. Unfortunately we
> > all can't see what will happen in the future. For tjis reason any
> > system using Ref( , plus value) will not work out in reality.
> >
> > How can you say that none of your tests worked with a positive
> > result? If this was true, none of the traders would be around by
> now.
> > For my own small piece of fortune I trade a moving average System
> as
> > explained by Perry Kaufman in "Smarter Trading" (the adaptive
> moving
> > average) with European bonds (comming from Europe so please excuse
> my
> > typing) and it works out pretty well. Maybe you share some of your
> > thoughts so we can improve the thing for better?
> >
> > Greets, praktikus
> >
> >
> >
> > --- In equismetastock@xxxx, grizz003 <no_reply@xxxx> wrote:
> > > You are right, of course. But that is not the point of this
> system
> > > test. The point of this test is this: It is extremely
profitable
> > as
> > > a system test when using REAL data that already exists in the
> > array.
> > > It's moving average is shifted left to match the stock's cycle.
> > Why
> > > is it so fantastically profitable using REAL data? And even more
> > > important, why is everything else so consistently UNprofitable
> > using
> > > REAL data in the array?
> > >
> > > Why is this so fantastically profitable?? In my opinion, because
> it
> > > is based on the REAL cycle of the stock under test. Why is
> nothing
> > > else profitable? Because nearly everything else is based on
> cycles
> > > that are LATE or do not exist.
> > >
> > > So we can all agree that this system test is less than perfect,
> and
> > > it cannot be used as is for real money trading. The value here
is
> > to
> > > show that at least SOMETHING can produce spectacular profits on
> > real
> > > data. It is perhaps the best starting point to investigate why
it
> > > makes money, and what can be done to fix it's problem. A
> profitable
> > > approach can lead to better profitable approaches.
> > >
> > > Grizz
> > >
> > > --- In equismetastock@xxxx, "praktikus_ms" <mluescher@xxxx>
wrote:
> > > > I see just one little thing to cause some worries: the Ref() -
> > > > function used looks in to the future (dd1 = 20 --> 20/2+1=11 -
-
> >
> > > this
> > > > means that you look 11 days in to the future from today - what
> is
> > > > impossible to me as far as I know ;-) ). For this reason you
> > > wouldn't
> > > > be able to trade this system.
> > > >
> > > > praktikus
> > > >
> > > >
> > > > --- In equismetastock@xxxx, grizz003 <no_reply@xxxx> wrote:
> > > > >
> > > > > Can anyone beat the fantastic system test profits generated
> > from
> > > > > these formulas?
> > > > >
> > > > > Enter Long:
> > > > > ==================
> > > > > dd1:=20;dd2:=25;
> > > > > grail1:= C-Ref(Mov(C,dd1,S),dd1/2+1);
> > > > > grail2:= C-Ref(Mov(C,dd2,S),dd2/2+1);
> > > > > grail1 < 0 AND Cross(grail2,Mov(grail2,3,S))
> > > > >
> > > > > Close Long:
> > > > > ==================
> > > > > dd1:=20;dd2:=25;
> > > > > grail1:= C-Ref(Mov(C,dd1,S),dd1/2+1);
> > > > > grail2:= C-Ref(Mov(C,dd2,S),dd2/2+1);
> > > > > grail1 > 0 AND Cross(Mov(grail2,3,S),grail2)
> > > > >
> > > > > Set System test for Longs Only. No stops.
> > > > >
> > > > > Grizz
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > equismetastock-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> >
> >
> >
> > ------------------------------------------------------------------
--
> > mail2web - Check your email from the web at
> > http://mail2web.com/ .
------------------------ Yahoo! Groups Sponsor --------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|