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I haven't been following this thread, but I'm not sure what you mean
by manual observation. If you are advocating using instinct or
discretion to supplement a system, I just wanted to point out that by
selecting system trades using some kind of discretionary filters, we
invalidate the system as it was designed and tested. It would be
better to reduce those discretionary filters to a set of rules that
can be tested for reliability and validity.
Rightly or wrongly, we often use instinct to evaluate entries and
exits. The risk is introducing emotion into our trading, and trading
on emotion is very unpredictable. The main benefit of system trading
is increased predictability of results.
From: Hitendra Vasudeo <hitendra@xxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Date: Friday, September 30, 2005, 12:51:39 AM
Subject: [EquisMetaStock Group] Re: Need help on intraday Day-trade system
Manual Observation
Conviction on the system is more important.
I believe in manual observation. Any ways no body trades on every
trade as show in System Tester. Decision are based of a system support
by various technical factor therefore it is possible that every trade
might not be entered.
Actually the performances can be much better that system tester. Many
a times the system works well and on system tester is makes us
disappoint and stop following the system
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