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That's encouraging!
Unfortunately there are some popular system vendors out there (tradersclub
etc.) who never thought of this. And so almost by definition then their
systems are incorrectly designed and optimized.
Actually the particular vendor I'm thinking of uses the built-in TS stops
(in addition to the failure to normailze), so the trades during they day
will change when the daily update comes in, i.e. you get stopped out
intraday for a loss, but then the daily data shows you still in the trade
with a gain!
Professionals at this level should be well aware of these pitfalls. Thus we
can assume it's probably an intentional fraud on the nescient trading
public.
Regards, Phil
----- Original Message -----
From: pierre.orphelin <pierre.orphelin@xxxxxxxxxxxxxx>
To: Phil Lane <patterntrader@xxxxxxxxxx>; <Omega-list@xxxxxxxxxx>
Sent: Saturday, June 23, 2001 6:43 PM
Subject: RE: Cruz Brothers and 2000i
> I always adjust the historical drawdown to the current price level.
>
> PO
>
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