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Orphelin@xxxxxxx wrote:
> A track record is the common proof of the ability of the supposed successful trader.
> >From a R&D point of view, it's a nonsense.
I think more so the track record shows the proof of two things :1. A good system
2. The ability of the Captain to steer the Ship!
> IF a system is correctly bactested AND on sufficient amount of data that makes
> chance or randomness nothing as a part of the process, the need of a track
> record is worthless.
How many Pierre? can do this! They all want to win so bad that they taint the process with the
desire to do so. This is a point where all trading knowledge will in fact keep them further from the
truth. Honesty will lead the way if they will let it. "The Truth is Out There"
> Means that you need testing on 20,000 bars of unseen data or more.
Please make an exception for me I only have 17,500 points of 7 hr. bond data, prior to that it was a
6 hr. day. But I agree none the less! I no longer laugh at the system results published here with 6
weeks of data. Now I only snicker, it has lost its effectiveness on my humor. It will in time, I'm
sure become saddening for me.
> All of the (few) systems that I have developed and that we use in real trading have passed this
> test, and they continue to perform as expected.This is one of the points where I do not agree with
> Tony Hass too, and I'll develop later if I have time.
>
> <<
> 2. There is a difference between being profitable and successful. How so? Well there are so many
> one shot wonders. How many on this list were around here talking to each other 4 years ago? Not
> many , I know the few, the rest are not likely to survive a flat or down market and so they wont
> be here 4 years from now.
> >>
>
> Sure , but I was there, so I qualify to speak about.
I know you were and very few others. I have learned some things from you and I appreciate you.
> This is funny , but not real. All the sheeps are white, and only the black could survive. The
> black color is obtained by digging in the " minefieds of bullshit".
> After some months (or probably years), your wool will take the expected color, and fortunately the
> smell will vanish, (but you may be an exception).
>
> None coul avoid this mandatory step, and no sheep can pretend to be born black in the trading
> business. Would you be the exception, you would not have bought or obtained all the commercially
> available BS codes that were published on this list months ago . This is how you got your black
> color, and you forgot this.
Your correct I have forgotten, My intolerance grows with time, I should start a foundation for
market study so the hard edge may be smoothed out some. I have been thinking about this for some
time. In fact I have been thinking about a Unix based development platform for trading system
development, I have a server commitment already, just need the analytical half of the program. I
would make it available to Universities and qualified individuals.
> Finally, I found that reopening and digging in my own BS mine was more rewarding to get myself the
> proper black color that stands for a robust trader over time.
> This is also why I propose some trading tools that are not trading systems. They were extracted by
> hand from the mine and have be found somewhat useful.
>
> They passed the smell test, and are proposed wih a free trial version, so I do not fall into the
> hall of shame category. If I someday propose some trading system, it will be as a free trial
> version too.
If I were certain of security, I would consider the same. The mere fact that you don't publish now,
says to me you have something good else you wouldn't worry about security. I in fact hope to be the
recipient of your demo's, I am now more than ever money motivated and not trader motivated, So if
one of your systems were to smooth out my cumulative equity curve, I would of course purchase it.
> <<
> 5. The ignorance on trading list along with the turnover of participants has become the bench
> mark by which I know how intelligent I am.
> --
>
> It was a pleasure to participate to your benchmark over years...
Same here!
> Sincerely,
>
> Pierre Orphelin
> www.sirtrade.com
--
TC < "The Code"
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