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I don't agree. Most mechanical systems I've seen are far, far too simple in
nature.
When you start with a basic premise, understand the important variables that
affect it's performance, optimize them, and finally throw in some filters to
eliminate "stupid" trades,
you can get 70% wins.
It takes lots of patience and time to develop these however.
Most important factor: money management / order placement technique.
You can actually take a "shitty" system and improve it immensely with proper
order placement and order size.
Read "Cybernetic Trading Strategies" by Murray Ruggiero....a "must" book for
systems developers.
> -----Original Message-----
> From: HBernst963@xxxxxxx [mailto:HBernst963@xxxxxxx]
> Sent: Thursday, January 27, 2000 8:24 AM
> To: mbjp57@xxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Trading systems
>
>
> I have the book. Bottom line-most mechanical systems work very
> poorly. Best
> system in the book:channel breakout- buy N day high, sell N day low.
>
> Howard
>
>
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