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I'm not "Einstein". However it is technically possible for a system to
enter and exit on same day using daily data as source.
Here is a no-brainer example (which will probably lose money):
IF H[0] < H[1] THEN BUY AT MARKET;
EXITLONG THIS BAR AT CLOSE;
How can THEIR system be so profitable with so little info to analyze (just
OHLC) of 1 bar is beyond me but the above example proves that technically it
is POSSIBLE to have systems that enter same day and exit same day using
daily bars.
----- Original Message -----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: John Niem Jr <djnj@xxxxxxxxxxxx>; Omega List <omega-list@xxxxxxxxxx>
Sent: Monday, April 26, 1999 9:18 PM
Subject: Re: SCAM ALERT!
> You are correct when you made the statement that you don't know what you
> talking about. Tell me Einstein how does TS know which occurred first in
a
> daily bar? Look back in history on any daily bar at random and tell me by
> looking at that bar after the opening tick which path did the price take
> throughout the day while making its way to the close? You cant do it and
> neither can TS. Therefore any assumptions that your money management and
> trailing stops ect. worked properly is just that an assumption. Sorry I
got
> a little smart with you however if you don't know something ask don't just
> make assumptions and then hope your right! If you practice this in
trading
> the markets you will be a looser. mb
>
>
>
>
>
> > Perhaps that means their system enters and exits on the same day using
> daily
> > data? That would yield 0 for avg bars. Correct me if I'm wrong, maybe
I
> > don't know what I'm talking about.
> >
> > ----- Original Message -----
> > From: Mark Brown <markbrown@xxxxxxxxxxxxx>
> > To: OR <OfficeOfThePresident@xxxxxxxxxxxxxxxxx>
> > Cc: Omega List <omega-list@xxxxxxxxxx>
> > Sent: Monday, April 26, 1999 1:08 PM
> > Subject: SCAM ALERT!
> >
> >
> > > http://www.callnetuk.com/home/tradingsystems/
> > >
> > > Good example of a SCAM!
> > >
> > > LOOK, near the bottom of the page where it says System Results!
> > >
> > > SEE, where it says average bars in loosing trades? It's 0 < Zero
using
> > > daily data this is how you know its a scam!
> > >
> > > This is the type of scam that Bill Cruz has allowed to be done with
his
> > > software for years!
> > >
> > > Even though many of us have complained for years!
> > >
> > >
> >
> >
>
>
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