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A system is good on a few securities and lousy on the others, the
trick is to find the securities that match the strength of system.
If you system test all of the possabile systems on a group of
securities, you will find that some systems have a better equity
track record overall than other systems. That doesn't mean that it
will continue with it's past performance, but that you have a better
statistical advantage with it than other systems.
Now you can conbine systems ala omnitrader to help filter out noise
but you increase drawdowns and introduce a certain amount of lag in
your trading.
Trade with the trend, find support and resistance and take your
profits, move onto the next trade. Stop trying to milk out every
nickle and dime from a major move.
--- In Metastockusers@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxxx>
wrote:
> You have my vote on this.
> Lionel Issen
>
> -----Original Message-----
> From: bellamy_29m [mailto:bellamy_29m@x...]
> Sent: Saturday, September 18, 2004 10:08 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: Purcahasing a System?
>
>
> From my limited experience, no 'system' works. It goes along with
> the old argument that if you wrote a system that worked, why would
> you sell it?
>
> If I was to write the 'perfect' system and distribute it to every
> person who wanted it, the system itself would end up driving the
> market, the market would change and the system would fail.
> The 'perfect' system is no longer perfect! This conundrum is what
> keeps us all looking for that elusive Grail.
>
> The other matter is that when these 'gurus' have written their for-
> sale system, they lock it up very tightly (supposedly), just so
that
> you cannot see how they have written their code; so you cannot see
> the flaws, errors and vulnerabilities in their system. They say
they
> are just protecting their IP, but we really know why they do it!
>
> I have seen a number of systems written for MetaStock and Excel
that
> have been password protected etc. With some time and sheer
> bloodymindedness I have managed to crack open some of these
> applications to see how they work (only the Excel applications -
> haven't learned to crack MS protection... yet) Many of the apps
are
> just repackaged built-in indicators and the like. Another matter -
> if these people are 'smart' enough to write a complicated system
that
> will predict the movement of the markets days/weeks/months into
the
> future etc, then why aren't they smart enough to compile their
> functions so that cannot be cracked open!? (Although, decompilers
> are becoming a lot more prevalent and smarter these days too!)
>
> Sorry to be the bearer of bad news, but you are better off
spending
> your money on a library subscription (which btw is free where I
live)
> and read, read and read.
>
> Hope this helps.
>
> wabbit :D
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "bane226" <bane226@xxxx>
wrote:
> > I am considering purchasing a system such as Abberation,
Catscan, I-
> > Master, etc..
> >
> > Does anyone have a recommendation of a system that works and you
> can
> > see the actual code? I am curious to see how the "gurus" right
> > their systems.
> >
> > If anayone has any experience with a purchased system I would
like
> > to hear if it was work the effort?
> >
> > Thanks.
>
>
>
>
>
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