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Anybody know a good math message board I could join. Seems not to many
people on this list are very strong in math. Couldn't a sole answer this
question concerning probabilities.
Robert
At 12:23 PM 5/27/00 -0500, robert.cummings@xxxxxxxxxxxxxxxx wrote:
>This engineer wrote a program he called the Maxxer. He had some success
>with this program and it appealed to me. This man was a math wizard. For
>example he wrote a program based on math to pass the futures exam without
>studying. If you asked him what he thought the market was going to do
>tomorrow . He always did some kind of calculation by hand then he would
>give you a pretty good answer. He told me it was probabilities of the
>markets next move based on math. The system he wrote was back tested over
>10 years of data and was profitable. Known factors eventually stop him as
>far as I know from trading. Tremendous slippage in the S&P , broker error
>and extreme volatility in the market at that time. The main reason the
>system failed was his discretion based on emotion rather than trusting the
>program. My question is what calculation was he using by getting the
>open,high, low an close of the previous day to forecast tomorrow.? Was
>this Murray math, was this similar to a trading program called F.I.R.S.T .
>
>Thanks
>Robert
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