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Dear Michael,
Since I see you have totally chewed up Michael Mermer I certainly would not want to be on your bad side.I guess you had your reasons for wanting to post your questions to the list.
1.I am working to develop an end of day S&P 500 system
2.It can be ELA coded but I am not ready for it.
3.I am sharing it and not selling it.
4.I have told list members on numerous occasions they will know what is in the subject and if not interested delete.
5.I explained the change over from SIGNAL to TRENDICATER in one of the updates.People with specific questions e-mailed me and I respond.
6.The colloberation should have been corroberation and what I meant was back testing TRENDICATER vs SIGNAL for end of day showed TRENDICATER an improvement.
7.I am operating under the premise that these forums are meant for dialog on new ideas and not just for airing out various disputes.I consider mine a new idea and when finalized I give of it freely to the members.I tell what I am doing and believe it to be proprietary as to how I am doing it.
8. In my one year on these various lists I have seen limited sharing of what people are doing but more--where can I find this-Did you hear about so and so-AND ON.
9.If any of my posts are unclear,I am always glad to clarify.I am not perfect but I really do the best I can.
10.In another sense I am posting prognostications and allowing you to laugh or applaud the results.I thought this too was a purpose of the trading lists.
In conclusion, I am no Michael Mermer or CTA or genius.I am just working on a system in a public forum because I find it mentally stimulating and challenging....and it just may be of benefit to some people.
Regards,
John
------------------ Reply Separator --------------------
Originally From: Michael Paauwe <mpaauwe@xxxxxxxxxx>
Subject: Re: SPDT SIGNAL-TRENDICATER S&P Daytrading System Update # 7
Date: 05/18/98 04:12pm
S&P DayTrader message . . . .
John,
Can you please explain the purpose of these posts other than seeming to
promote something? Have you ever posted the logic of this so-called system
or the EL code the causes the signals to be generated? Maybe I missed it
somehow. In the absence of an attempt to construct a trading system or as a
learning exercise or whatever, I have to ask the purpose of the posts and
where it's all going, especially now that we are up to Update #7!
Like the first sentence below does nothing for me except it looks like the
signal is now discretionary and nobody but you knows what this all means. Am
I correct that this system cannot be coded up in EL and can only be tested
by eyeball or by your hand? Are we all trying to learn how to make money or
a trading system from all of this, because if we are, you've lost me and I
suspect a whole pile of others too, so I ask again, what's it all about?
BTW where is the long term backtesting that you refer to in the last
sentence that "Longer term back testing seems to colloberate these data and
this pattern" ? What data and what pattern? What collaboration are you
referring to?
Thanks John for any explanation about what is going on in these posts just
so I don't fall asleep reading them not knowing what is important and what
is not and what I should be trying to learn or glean from this.
regards,
At 06:40 PM 5/18/98 -0400, you wrote:
>S&P DayTrader message . . . .
>
>To Lists:
>
>Since SIGNAL is now descretionary it did not trade today due to market
action overcompensating its sell direction.
>
>TRENDICATER did not trade today because the market did not reach its strike
price to sell at 1119.03.It was 200 points off and 1117.20 would have net
over $2000.
>
>The SIGNAL for 5/19/98 is 1109.25.Day market opens above 1109.25 by 100
points or less,buy 1 contract.Day market opens below 1109.25 by 100 points
or less,sell 1 contract.Set profit and stop loss to your comfort level.
>
>The TRENDICATER for 5/19/98 is 1113.24.Sell 1 contract at 1113.24 plus or
minus 0.5 if price struck.Stop loss 800 points from point of entry.
>Exit M.O.C.
>
>These changes in back testing evened out performance.The goal is a valid
end of day system.For example,even though the last 20 days would have been
profitable,without TRENDICATER all trades would have been taken for a loss
of $7100 last week.With TRENDICATER only 3 of 5 trades would have been taken
for a win of $4250.
>
>Longer term back testing seems to colloberate these data and this pattern.
>
>That's it for now,
>John
>
>
Michael Paauwe
mpaauwe@xxxxxxxxxx
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