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Alfredo,Alfredo,
What am trying to express is, that a purely mechanical system signal
generating program doesn't exist. Okay, I accept there might be that 0.27
percent (out there
in this planet)that there's a relatively profitable system, what is the
chance, you can/will can get your hands on one? (Maybe buy lotto instead).
I sincerely believe even with a fairly competent mechanical system, there is
still room for at least 10% discretion (subjective decision making). Like for
opening gaps, news surprises and some world class catastrophe, or even
Greenspan choking on a piece of chicken. Of course, will always be trying to
minimize subjectivity in my analysis too! But there will always be market
shocks that can't be predictable even by the Astrologers.
Random walk theory reasons any profit from the markets to be purely luck,
how about
the wizards, their longetivity already prove it wrong. Even if they are very
very few, still
they proved the theory wrong.
Alright, since you want a purely mechanical system, and take all the signals
with out
considering your personal standards for profit, drawdowns,etc.. I have a
system for you,
guaranteed profit with no loss, want it? Will give it to you for free.
Here it is, get your funds or money, my system signals you to put them in
Treasury bills
for 30 years. Now thats a guaranteed dollar numerically winner. Sell or
liquid your
position upon expiration. What? that is not your parameter? But it is mine,
standard set
by me as system developer. Oh! , so its not for you, sorry!
Alfredo Simas wrote:
> My question to all of you is:
> Aren't you guys validating the random-walk hypothesis? Why are
> you still in this business?
>
> Any comments will be gladly appretiated.
>
> Alfredo
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