|
PureBytes Links
Trading Reference Links
|
I am afraid there is nothing I can add. You have the best mastery of TS, the
best system anywhere, and now you trade it as well for outstanding returns.
What can I say?
I officially propose to declare you the King of all traders in replacement of
Meriwhether himself.
Don't worry, I still have a long way to go to reach anywhere near your level,
so no competiton here at least. I live in a world of confused questions and
obscure beliefs about systems, while you shine above it all. No debate here.
Since we are at it, would you mind me asking your Highness to share some more
of your wisdom, and uplift the group more frequently with helpful insights
beyond "TS is top and only" and "my system is top" and "how come you don't know
this and that" which doesn't really help anyone. Thsi way, we would finally
understand what it is we should improve, beyond buying your system.
Graciously,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: pierre.orphelin [SMTP:pierre.orphelin@xxxxxxxxxx]
| Gesendet am: Tuesday, September 21, 1999 3:35 PM
| An: omega-list@xxxxxxxxxx
| Betreff: Re: Trailing stops are invalid
|
|
| ----- Message d'origine -----
| De : Gwenael Gautier <ggautier@xxxxxxxxxxx>
| A : <omega-list@xxxxxxxxxx>
| Envoye : mardi 21 septembre 1999 15:30
| Objet : AW: Trailing stops are invalid
|
|
| > Uh oh, our friend PO losing his nerves here, did I touch a sensible
point???
| >
| >
|
| No.
|
| > To help you better understand my position:
|
| ...snip
|
| > 4 - I have never found a convincing mechanical system myself.
|
| Very sad...
|
| > 5 - I have never seen a really convincing mechanical system I could give my
| >
| > broker to trade including yours my friend.
| >
| To say that, you shoud have one from me!
| And for the moment , none has one of my code, my customers excepted.
|
|
| > 7 - And yet I have successfully traded systems which are not successful
| > themselves in terms of P&L, but are quite stable in their behavior. I took
| > all
| > entries, but added a few personal twists on a: execution and b: exits. This
| >
| > amounts to several thousand contacts traded on TBonds that way, AND living
| > exclusively off that. i no longer do so because it was too stressful and my
| >
| > current way of doing things brings me a better long term return with a
lower
| >
| > risk level.
| >
|
| Like Monsieur Jourdain, you have built a trading system while trading,
without
| knowing it.
|
| snip
|
| > 6 - By convincing system I mean one I can put on Cac 30min or Sp 5min or
| > Gold
| > daily or Tbonds weekly and see it generate three or 4 times drawdown after
| > each
| > series of 200 trades. This system has to be implementable in the real world
| > and
| > show real time performance for 2 years absolutely comparable to past tests.
| >
|
| > 12 - I don't expect you to criticize your own source of income though, so
| > there
| > is no need to try to convince me I am wrong. I know what I did, how and why
| > it
| > worked, what I do now, how and why it works, the rest might be interesting
| > but
| > is irrelevant in terms of effective results to me.
| >
| My own source of income is trading the system that I develop.
| With TS and with some success that you have not yet met, it seems.
| I never met a 2* historical max drowdown and always have had perfect buy an
| sell TS stops.
| ( I of course do not use $trailing stops)
|
| Rgds
|
| -Pierre Orphelin
| Representant exclusif de Omega Research en France.
| web: http://www.sirtrade.com
|
|