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Hello Lawrence,
LC> My view is that implementing a trading system based on FL or NN
LC> with results like #1 and #2 will lead to bankrupcy.
LC> -Lawrence Chan
thats the way i feel about it but the point i missed was that i really
want to understand how a system works before i trade.
a story i have told in the past is that i had some software that would
let you throw everything including the kitchen sink, in one big
optimizing process. i would then look at the most consistent results
on a chart and quickly dismiss it over and over. then one day "two
years" latter (after looking at thousands of better looking systems as
far as the chart is concerned) i figured out what the computer had
found and was enlightened to the NEW logic of what it was telling me.
i discovered that what looks good to the human eye and what is
logically thought to be BEST is not necessarily the best method to
trade. so i can understand that FL may work, but it does not have to
black box to work. i had rather make money than have knowledge so i
could use a FL system in a black box style, but only after seeing one
work myself. how does one get to that point of confidence? time and
money, if theres a short cut i wish I'd known about it long ago.
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
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