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Hello John,
The points you attempt to make May be valid,but I certainly will NOT
need a reminder to Never send you a 'Private E-Mail',never knowing
just when you might get a whim up your keyboard and publish it to the
world,in its entirety,verbatim-WITHOUT the writers permission...!
Have a nice day
Tuesday, February 12, 2002, 6:24:28 PM, you wrote:
Js> To all the Omega-list: Your comments and observations as to how anybody
Js> could get such a high level of performance out of an OddBall type system are
Js> appreciated. I'm a pretty straightforward guy, - - - I only seek the truth.
Js> I have not changed any numbers; all of this is exactly the same as I
Js> received it. I have changed ISP's since October, but this has no bearing on
Js> the facts. I include the email headers so there will be no dispute as to the
Js> origin of these 2 messages.
Js> I appeal to the list members: Can somebody figure this out, I asked Brown
Js> twice but he mysteriously fails to respond . . . notice in the end of the
Js> 2nd message that he claims to have "better" OddBall systems; I don't know if
Js> this incredible performance report he sent me is based upon a version he is
Js> not sharing with the Omega-list - - - in any case, since he fails to respond
Js> himself I'm forced to take this issue to the Omega-list and ask list members
Js> for suggestions in determining how a person can get such lofty numbers. I
Js> would think that other list members would agree that anybody who is offering
Js> an .ela type trading system to the public (free or otherwise) should be
Js> always be upfront and if they are furnishing "valid" performance reports on
Js> a free, publicly disclosed system they should always be willing to furnish
Js> the .ela and ALL inputs so others can independently verify the numbers - - -
Js> otherwise, our spirit of cooperation and honesty is lost.
Js> For the record, Omega-list archives show posts by Brown extolling the values
Js> of not holding back, but instead contributing without profit incentive,
Js> improvements in OddBall code for the good of all list members. Several of us
Js> have always followed this path.
Js> Message I sent over 8 days ago:
Js> Mark:
Js> I've been trying to come anywhere NEAR the results of the strategy
Js> performance report on OddBall you emailed me months ago. The 1st line
Js> identifying your performance report states:
Js> MB_SP07_D SP60 min 05/14/1998 - 06/28/2001
Js> I've used your basic OddBall as well as other traders variations in
Js> attempting to get the highest performance possible.
Js> Your report (end of this email) shows Return on account of 2103%
Js> and Total net profit of $816,525
Js> as well as overall profit factor of 2.17
Js> The "best" I can come up with for the same time period, natural hour bars, 0
Js> comm, 0 slippage, natural hour bars, single contract, etc. is only $426,275
Js> with a ROA of 724.03%
Js> As I understand, no other trader working on OddBall type systems can show
Js> any better either.
Js> Your report shows an enormous difference from what I can get from my
Js> computer.
Js> Would you kindly provide the .ela and ALL inputs that you used to generate
Js> this amazing performance report so I (and the list members) can duplicate it
Js> (Hell, I'd be happy to get within at least 90%) . . .
Js> *******************************************************************************************************
Js> Received: from psmtp.com ([64.75.1.145])
Js> by itouch.net (8.8.8/8.8.8) with SMTP id SAA03513
Js> for <whitehot@xxxxxxxxxx>; Sun, 7 Oct 2001 18:43:01 -0500 (CDT)
Js> Received: from source ([216.88.105.93]) by exprod5mx5.postini.com
Js> ([64.75.1.251]) with SMTP;
Js> Sun, 07 Oct 2001 16:43:01 PDT
Js> Received: from TRADER1 ([216.88.105.90]) by firewall.markbrown.com
Js> (Post.Office MTA v3.5.3 release 223 ID# 0-57451U100L100S0V35)
Js> with ESMTP id com for <whitehot@xxxxxxxxxx>;
Js> Sun, 7 Oct 2001 18:33:22 -0500
Js> Date: Sun, 7 Oct 2001 18:42:08 -0500
Js> From: Trader1 <trader1@xxxxxxxxxxxxx>
Js> X-Mailer: The Bat! (v1.53d) Personal
Js> Reply-To: Trader1 <trader1@xxxxxxxxxxxxx>
Js> X-Priority: 3 (Normal)
Js> Message-ID: <138253170299.20011007184208@xxxxxxxxxxxxx>
Js> To: whitehot@xxxxxxxxxx
Js> Subject: OddBall system code
Js> MIME-Version: 1.0
Js> X-postini-filters: (S:0.1987410 )
Js> X-PMFLAGS: 571998336 0 1 P6B460.CNM
Js> Content-Type: text/plain; charset=us-ascii
Js> Content-Transfer-Encoding: 7bit
Js> Hello whitehot,
Js> make sure to use natural hour data and notice that the times are
Js> Chicago so you may have to adjust for eastern or whatever other time
Js> zone than central time.
Js> --
Js> Best regards,
Js> Trader1 mailto:trader1@xxxxxxxxxxxxx
Js> ****************************************************
Js> =MB_OddBall
Js> {start code}
Js> {Data = Either the SPY SAP 500 index tracking stock or the S&P 500
Js> commodity futures contract. Data2 = Advancing issues of the Nyse.}
if time>>830 and time <=1500 then begin
Js> Inputs: RL(7), BZ(3), SZ(1),Factor(3), Length(20);
Js> If RateOfChange(Close Data2, RL) > BZ Then Buy;
Js> If RateOfChange(Close Data2, RL) < SZ Then Sell;
Js> end;
Js> {end of code}
Js> *********************************************************************************
Js> *********************************************************************************
Js> Received: from psmtp.com ([64.75.1.151])
Js> by itouch.net (8.8.8/8.8.8) with SMTP id KAA03293
Js> for <whitehot@xxxxxxxxxx>; Sun, 21 Oct 2001 10:52:22 -0500 (CDT)
Js> Received: from source ([216.88.105.93]) by exprod5mx11.postini.com
Js> ([64.75.1.251]) with SMTP;
Js> Sun, 21 Oct 2001 08:52:27 PDT
Js> Received: from [216.88.105.92] by firewall.markbrown.com
Js> (Post.Office MTA v3.5.3 release 223 ID# 0-57451U100L100S0V35)
Js> with SMTP id com for <whitehot@xxxxxxxxxx>;
Js> Sun, 21 Oct 2001 10:42:59 -0500
Js> Date: Sun, 21 Oct 2001 10:51:18 -0500
Js> From: Mark Brown <markbrown@xxxxxxxxxxxxx>
Js> X-Mailer: The Bat! (v1.53d) Personal
Js> Reply-To: Mark Brown <markbrown@xxxxxxxxxxxxx>
Js> Organization: http://www.markbrown.com
Js> X-Priority: 3 (Normal)
Js> Message-ID: <6868073644.20011021105118@xxxxxxxxxxxxx>
Js> To: whitehot@xxxxxxxxxx
Js> Subject: Re: Oddball
Js> In-Reply-To: <3BD2A394.6737.3F22442@xxxxxxxxx>
Js> References: <3BD2A394.6737.3F22442@xxxxxxxxx>
Js> MIME-Version: 1.0
Js> X-postini-filters: (C:0.4299518 P:0.4202386 S:0.1039707 )
Js> X-PMFLAGS: 570949760 0 1 P2B900.CNM
Js> Content-Type: text/plain; charset=us-ascii
Js> Content-Transfer-Encoding: 7bit
Js> Hello whitehot,
win>> I'm quite impressed with the simplicity and performance of the
win>> oddball S&P system.
Js> i am too.
win>> What does your tradestation system report performance summary
win>> show for profit factor and other items ?
win>> Could you email me a .gif file screen shot ot text file of a
win>> summary ?
Js> though ts is a poor platform for this i have attached it.
win>> I'm curious if anybody has ever worked on placing additional
win>> "filters" on the oddball system to obtain even better results ?
Js> of course. the performance can be improved in certain personality
Js> stages. however can the longevity be improved upon? no i think not.
Js> do i personally have better? yes. not to be arrogant, but i have
Js> much better. the good thing is that you too can work upon improving
Js> it, it can be improved. "IF" you are careful to look for longevity
Js> and not focus exclusively upon profits. am i vague? yes i intend to
Js> be.
win>> What ever prompted you to be so generous to reveal this system to
win>> the public ? Or is the strategy "power in numbers"; i.e., the more
win>> traders placing oddball trades in the same direction the more
win>> horsepower you have to influence direction (that would only seem
win>> to influence scalp trading) ?
Js> i am not so generous, the publicity does me good in other business
Js> areas of course. i try and not take too much advantage of that, i
Js> just intend to give scamming vendors something to worry about. a
Js> bench mark, why buy this when i can have this for free. can what you
Js> sell me work as well as this? well they may say it does in order to
Js> sell it. but time will tell the truth if it can perform as claimed.
Js> i intend to release progressively better and better systems one after
Js> the other. i have a book underway and some more magazine articles are
Js> scheduled as well as my courses. i am thinking of opening a trading
Js> school if i can find some broker associates to cooperate with.
Js> Have a Great Day, Mark
Js> http://www.markbrown.com
Js> _MB_SP07_D SP60 min 05/14/1998 - 06/28/2001
Js> Performance Summary: All Trades
Js> Total net profit $ 816525.00 Open position P/L $ 4050.00
Js> Gross profit $1513425.00 Gross loss $-696900.00
Js> Total # of trades 631 Percent profitable 57%
Js> Number winning trades 362 Number losing trades 269
Js> Largest winning trade $ 26000.00 Largest losing trade $ -11125.00
Js> Average winning trade $ 4180.73 Average losing trade $ -2590.71
Js> Ratio avg win/avg loss 1.61 Avg trade(win & loss) $ 1294.02
Js> Max consec. winners 11 Max consec. losers 6
Js> Avg # bars in winners 10 Avg # bars in losers 7
Js> Max intraday drawdown $ -38825.00
Js> Profit factor 2.17 Max # contracts held 1
Js> Account size required $ 38825.00 Return on account 2103%
Js> Performance Summary: Long Trades
Js> Total net profit $ 398975.00 Open position P/L $ 0.00
Js> Gross profit $ 767275.00 Gross loss $-368300.00
Js> Total # of trades 316 Percent profitable 59%
Js> Number winning trades 188 Number losing trades 128
Js> Largest winning trade $ 20000.00 Largest losing trade $ -11125.00
Js> Average winning trade $ 4081.25 Average losing trade $ -2877.34
Js> Ratio avg win/avg loss 1.42 Avg trade(win & loss) $ 1262.58
Js> Max consec. winners 14 Max consec. losers 5
Js> Avg # bars in winners 10 Avg # bars in losers 7
Js> Max intraday drawdown $ -35025.00
Js> Profit factor 2.08 Max # contracts held 1
Js> Account size required $ 35025.00 Return on account 1139%
Js> Performance Summary: Short Trades
Js> Total net profit $ 417550.00 Open position P/L $ 4050.00
Js> Gross profit $ 746150.00 Gross loss $-328600.00
Js> Total # of trades 315 Percent profitable 55%
Js> Number winning trades 174 Number losing trades 141
Js> Largest winning trade $ 26000.00 Largest losing trade $ -9375.00
Js> Average winning trade $ 4288.22 Average losing trade $ -2330.50
Js> Ratio avg win/avg loss 1.84 Avg trade(win & loss) $ 1325.56
Js> Max consec. winners 9 Max consec. losers 6
Js> Avg # bars in winners 10 Avg # bars in losers 7
Js> Max intraday drawdown $ -25175.00
Js> Profit factor 2.27 Max # contracts held 1
Js> Account size required $ 25175.00 Return on account 1659%
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