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Code2:
Can't the large drawdowns be limited by using stops? When something goes
down, it may not come up for a very long time.
Lionel
-----Original Message-----
From: Code 2 [mailto:Code2@xxxxxxx]
Sent: Monday, September 20, 2004 11:05 AM
To: bane226
Subject: Re: [Metastockusers] Purcahasing a System?
Aberration and Catscan are old systems that are now in the public
domain. I can't find the Catscan code right now, but I've included the
Aberration code below.
It's usually safe to assume that system developers 'trade the best and
sell the rest,' so don't waste your money on buying a system. Having
said that, Chuck LeBeau's stuff is reasonably priced and no hype. You
can't count on his (or any other, for that matter) systems to work
forever, but if nothing else, it will give you ideas to pursue your
own lines of system development. Also, with proper money management,
a sizable starting capital, diversification across a lot of contracts
and nerves or steel for the huge drawdowns, Aberration can be
profitable. It's certainly not for the faint of heart, though.
Aberration:
Enter Long
----------
Length:= 35;
StdDevUp:= 2;
UpBand:=BBandTop(CLOSE,Length,SIMPLE,StdDevUp);
CLOSE > UpBand
Close Long
----------
Length:= 35;
CLOSE < Mov(CLOSE,Length,SIMPLE)
Enter Short
-----------
Length:= 35;
StdDevDn:= 2;
DnBand:=BBandBot(CLOSE,Length,SIMPLE,StdDevDn);
CLOSE < DnBand
Close Short
-----------
Length:= 35;
CLOSE > Mov(CLOSE,Length,SIMPLE)
From: bane226 <bane226@xxxxxxxxx>
To: Metastockusers@xxxxxxxxxxxxxxx
Date: Saturday, September 18, 2004, 7:32:17 PM
Subject: [Metastockusers] Purcahasing a System?
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.
--
On a Scientist's door: Gone Fission
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