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Kathay, there are many ways to "cook" system performance results, from
ignoring transaction costs such as brokerage/slippage/spreads, to
outright picking of the best entry/exit price using hindsight, to
flawed code that uses hindsight itself (e.g. buy the Open if the Close
is greater than the Open) - the list is endless.
However, when trading someone else's strategy, I would be more
concerned with:
1) My own ability to cope for capital drawdowns not suiting my account
and trading style;
2) My understanding (or lack of) of the conditions that led to these
drawdowns;
3) Whether I should continue pouring $ into the system or abandon it
in adverse conditions.
Without an intimate knowledge of your own trading system, it's tough
to trust and make critical trading decisions based on someone else's
idea of what a trading strategy should be.
jose '-)
http://www.metastocktools.com
--- In Metastockusers@xxxxxxxxxxxxxxx, "kathay1199" <futowiec@xxxx>
wrote:
>
> Jose,
>
> I agree that the best way should be designing the trading system of
> your own. But what if you are not knowledgeable enaugh to make it?
> Or system you invent is not robust enaugh and fails in a short time?
>
> If you check futurestruth.com you can find some robust commercial
> trading systems, like those from Mesa or Master family profitable
> over many years. I don't want to convince anybody that those systems
> are almost Holy Grails. But can you bet that your own system(s) will
> never fail and will be constant profitable?
>
> Kathay
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