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Developing systems is interesting and is the "easy" part (not to say it is
particular easy but nevertheless it is the most relaxing part). Trading these
is an entirely different affair, that is what I mean by "I found none that
works". In particular on the DAX I am quite curious to see how it works. If
stops are used, forget the results or include 10 points slippage each way at
least for a 10 lot size, that is 20 per trade/ per lot.... Stops are not
possible on the Eurex, and generally prices move so fast, you have no time to
type in the order, even hit the enter key, let alone call a broker to do so.
Many people develop systems, how many trade successfully, and how many of those
tell about their "systems"? even if they do, they stress the details and the
setups much more than they do the signals. the others go and sell their
"systems" without trading them. WHY???
Gwenn
| -----Ursprungliche Nachricht-----
| Von: pierre.orphelin [SMTP:pierre.orphelin@xxxxxxxxxx]
| Gesendet am: Thursday, September 09, 1999 12:31 AM
| An: omega-list@xxxxxxxxxx
| Betreff: Re: So, where's the beef?
|
|
| ----- Message d'origine -----
| De : Gwenael Gautier <ggautier@xxxxxxxxxxx>
| A : <omega-list@xxxxxxxxxx>
| Envoye : mercredi 8 septembre 1999 19:32
| Objet : So, where's the beef?
|
| (snip)
|
| > Once came out a book "Market Wizards". The system craze started thereafter,
| > as
| > the secret was out: "You gotta have is system babe if ya wanna make it, or
| > ya
| > dead". From then on, you had to be in the soft and systems business to make
| > big
| > money. Demand surged. Did we see more profitable traders???
| >
| > Let me be clear, yes you need a "system", but this does not mean you need
TS
| >
| > and indicators and what have you. You need to know what you are doing, and
| > why
| > you are doing it. You need to know how to enter, how to size, how to exit,
| > how
| > to come back, how to remain "systematic". This has nothing to do with TS.
| > All
| > this can be done and has been done for decades without TS. It doesn't mean
| > you
| > should not use TS, it means TS is just one tool, not a way to win.
| >
| > So I used TS, tested thousands of things and found NOTHING that works. OK I
| >
| > know people who found things they feel comfortable enough with. But really,
| >
| > they found a way to trade around some setup, and frankly, my belief is they
| >
| > would have found it anyway even without TS.
| >
|
| I also have tried thousandsand thousands of things that do not work, but
it'is
| the hard point of the research.
| BUT, but, but, but, I have found some dozens of trading systems that really
| worked and continued to work until now ( from years 93-95).
|
| I do not use them anymore because of the Safir-X software that does in one
| day what I could have done in ten years before turning definitively crazy ( I
| stopped before).
| And as it does better than me and without pain, I would be stupid tocontinue
| dto develop classical trading systems now.
| Believe me or not, the future is there, and you have not yet seen all the
| picture.
|
| So, I'll put on my web site half a dozen of these trading systems, next week
I
| hope.
| They were profitable on the CAC40 futures and DAX futures, FTSE too, intraday
| 30 min
| With some parameter changes they should work on other markets.
|
| It's up to you to try, and it's free as anyrthing that I put on my web site.
|
| Useless to say that without TradeStation, these system wuld never have been
| develped and tested.
| Yes it's feasible with other tools, but if I need to spend 10 more times to
| reinvent the wheel.
| For sure I would have given up far before completing the research!
|
| Sincerely,
|
| -Pierre Orphelin
| Sirtrade Intl.
| web: http://www.sirtrade.com
|
| > OK now, what else can be used then? For research on market behavior, I use
| > ...
| > Excell. What??? Yes, it is cumbersome, unsexy, ( snip and yes, this is
sad)
| >
|