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Here's a ROT (Rule of Thumb):
For every basic calculation or algorithm, create a FUNCTION.
For each FUNCTION, create an INDICATOR so that visual identity of the return
values can be made.
For each FUNCTION, create a really basic SIGNAL (only buy/sell at market
based on the function return values) and generate a STRATEGY from it alone.
The signal can use buyzone/sellzone crossover and threshholds, but no money
management exits and no pyramiding.
>From this approach, you will see why many classical indicators are a piece
of crap.
> -----Original Message-----
> From: Charles Johnson [mailto:cmjohnsonxx@xxxxxxxxx]
> Sent: Thursday, December 20, 2001 1:47 PM
> To: Bill Wynne; cmjohnsonxx@xxxxxxxxx; barry@xxxxxxxxxxxxxxxxxxxxx;
> omega-list@xxxxxxxxxx
> Subject: RE: Feed back requested on E-mini Trading system - Krosetrade
>
>
> More from the Going Against the Grain web site:
>
> "Buy and hold no longer works in today's markets...Antonio's high
> probability trades give you the opportunity for short term profits from
> market imbalances that are usually only seen and traded by the
> pros." Walter
> Bressert
>
> Bressert is a Big Name in the industry, and is endorsing this stuff.
>
> A year or so ago I had a free trial subscription to Bressert's site. I
> looked at all the trade recommendations he had posted for about a year
> previous, and calculated the P/L (which was NOT done on his site). It was
> approximately zero.
>
> Bressert sells Tradestation indicators, but doesn't sell them as user
> functions. You can't backtest indicators very conveniently, like you can
> user functions. Is this a coincidence?
>
> -----Original Message-----
> From: Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
> Sent: Thursday, December 20, 2001 1:20 PM
> To: cmjohnsonxx@xxxxxxxxx; barry@xxxxxxxxxxxxxxxxxxxxx;
> omega-list@xxxxxxxxxx
> Subject: RE: Feed back requested on E-mini Trading system - Krosetrade
>
>
> WAAAAAAAAAAAAAAAAAAAAAAAHHHH!!!!
> A zebra laughs deep in the dark.
>
>
> >From: "Charles Johnson" <cmjohnsonxx@xxxxxxxxx>
> >To: "Barry Silberman" <barry@xxxxxxxxxxxxxxxxxxxxx>,
> ><omega-list@xxxxxxxxxx>
> >Subject: RE: Feed back requested on E-mini Trading system - Krosetrade
> >Date: Thu, 20 Dec 2001 12:44:05 -0500
> >
> >It is not an automated signal-generation system, but a set of rules for
> >trading. The concepts of "track record," "brokerage statements" and
> >"slippage" are absent from the site. Ditto for "back testing on
> historical
> >data."
> >
> >It costs $3K.
> >
> >There is nothing of substance on the web site.
> >
> >He claims to have an MD and JD, but does not write well.
> >
> >But since you found out about it through an email spam, it must be a good
> >system. As you know, anyone with a money making trading system would be
> >highly motivated to sell it to others, out of altruism, and what
> better way
> >to do this than spam? Like this guy, who spammed me:
> >http://www.goingagainstthegrain.com/ "Since it's [sic] release to the
> >public, this system has given an average monthly return of 15% on a cash
> >account without holding any trades over night or all day. What kind of
> >returns can you expect? On the average, you will get at least a
> 10% return
> >on your account every month just trading cash. If you trade on margin you
> >can make double. A 10% return may not seem much to thrill seekers, but it
> >sure is dependable, and it's income."
> >
> >As I'm a thrill seeker, I'm not going to buy this system with measly 30%
> >returns per month on margin.
> >
> >If you get the krose system and make 30% per day, please let me know; I
> >might be interested. But 30% per month, with money management,
> might take
> >2
> >or 3 years to get to a billion dollars, and I am impatient.
> >
> >-----Original Message-----
> >From: Barry Silberman [mailto:barry@xxxxxxxxxxxxxxxxxxxxx]
> >Sent: Thursday, December 20, 2001 11:02 AM
> >To: omega-list@xxxxxxxxxx
> >Subject: Feed back requested on E-mini Trading system - Krosetrade
> >
> >
> >To List:
> >
> >Just received an email advertising a system to day trade the
> e-mini S&P and
> >e-mini Nasdaq. Unfortunately the vendor doesn't have a TradeStation or
> >Rina System report of historical testing results. That fact
> and a general
> >skeptism that anyone would sell a winning system added to the fact that
> >anyone can curve fit some some system results makes me suspicious.
> >
> >Nevertheless, has anyone any experience with the product this
> gentlemen is
> >selling?
> >
> >The website location is: www.krosetrade.com
> >
> >
> >Thanks for any feedback.
> >
> >Barry Silberman
> >
> >
>
>
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