|
PureBytes Links
Trading Reference Links
|
Slippage is a big issue in such performance summary results.
It is defined by the difference between the price paid and the price as
announced by TS.
Assume for example a 0.05$ slippage per share.
Here we have an average trade of $583.79, ex slippage and commision for a
position of 21,826 shares.
Slippage alone will be 21,826 *0.05 = $ 1,091.3 ( Single Float precision
assumed, this extra comment is only for high skilled TS users).
As the average trade is $ 583.79, the net average trade will be $ -507.51,
making this kind of system a true loser in the real world.
Sincerely,
Pierre Orphelin
www.sirtrade.com
TradeStation Technologies representative in France
> -----Message d'origine-----
> De : Pang, Eddie [mailto:epang@xxxxxxx]
> Envoyé : jeudi 26 juillet 2001 03:30
> À : pierre.orphelin@xxxxxxxxxxxxxx
> Cc : Eskimo Omega List (E-mail)
> Objet : RE: Amazing Breakthrough 90%
>
>
> Whats a resonable slippage amount, i'm probably
> going to get this...
>
> sending request to hiram Ng, although he has Ng as
> the last 2 characters... we are NOT related in anyway :)
>
> I've attached a XPO file of MSFT from 1/1/2000 thru 7/23/2001.
> requesting a preformance report using this date range.
> commission at $29.00 (schwab)
> slippage???? never occurred to me that this played a big
> factor... cuz the commission kills me the most... why stay
> at schwab... been a lonnnngggg time client...
>
> thanks pierre
>
> eddie :)
>
>
> -----Original Message-----
> From: pierre.orphelin [mailto:pierre.orphelin@xxxxxxxxxxxxxx]
> Sent: Wednesday, July 25, 2001 1:49 PM
> To: Eskimo Omega List (E-mail)
> Subject: RE: Amazing Breakthrough 90%
>
>
> No commission (and slippage) taken in account, it said.
>
> For example
> KO (coca cola)result are:
> average trade : $583.79
> Max contracts ( shares) 21,826
>
> Ad a reasonable slippage per share to this and you got the trick.
>
> If you are intersted, I can write tons of theses for half of the price.
>
> A funny word from this site:
> "Great discoveries such as gravity, electricity, and penicillin were
> discovered by accident. This trading system also was almost discovered
> by
> accident. I was blown away by the results."
>
> Yes, and your account will be too, after you discovered what slippage
> is, by
> accident.
>
>
>
> Sincerely,
>
> Pierre Orphelin
> www.sirtrade.com
> TradeStation Technologies representative in France
>
>
>
> > -----Message d'origine-----
> > De : Pang, Eddie [mailto:epang@xxxxxxx]
> > Envoyé : jeudi 26 juillet 2001 00:56
> > À : Eskimo Omega List (E-mail)
> > Objet : Amazing Breakthrough 90%
> >
> >
> > Has anyone heard or used the strategy by Hiram Ng?
> > Site is http://www.geocities.com/trader_sys/
> >
> > Here is the performance report generated...
> > http://www.geocities.com/trader_sys/vss.pdf
> > although its during the bull market period...
> >
> > note: not promoting site, just a interested
> > party looking to see if anyone tried this guy's
> > product.
> >
> > cheers :)
> >
>
|