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Volker,
I have no idea what sort of disagreement or considerations prompted the
previous abandonment of the test comparing Trading Recipes with Wealth-Lab,
but it would be helpful if this or a similar test would be completed and the
results published. I previously asked you about this on this list, and you
pointed me to a forum where people were talking about how much they like
Wealth-Lab, which really doesn't tell me anything about how accurately it
handles portfolio level testing for futures.
I am intrigued by Wealth-Lab, despite its intimidating-looking programming
(and I am a former professional programmer who knows Pascal...), and
certainly have no negative ax to grind regarding Wealth-Lab, but I'm a
little dismayed by the non-completion of this test, and can't understand why
you would not want to complete it and publish the results if they would show
your product in a good light.
> -----Original Message-----
> From: VK [mailto:volker@xxxxxxxxxxxxxx]
> Sent: Tuesday, April 15, 2003 5:50 AM
> To: 'Kent Rollins'; 'OmegaList'
> Subject: AW: portfolio results in TS?
>
>
> Adrian.
>
> I am confused. Are you looking for a software that does portfolio level
> back testing with portfolio level money management in conjunction with
> TS? If so then Trading Recipes is not a solution since it is a DOS based
> stand alone product. I don't know Portfolio Stream4.
>
> If you are looking for a software in general that does the above
> mentioned then you should look at Wealth-Lab. Find more information
> here:
>
> http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=WLD2.htm
>
>
> Adrian. I do agree on what you said to Frank. This solution makes no
> sense and would make every TS user a none TS user.
>
> Leslie.
>
> I could not follow your theory. I also don't believe in optimizing the
> markets into a system but wouldn’t there be a higher degree of
> confidence if you have a system that works on a portfolio of different
> stocks/futures.
>
> Regards.
>
>
> Volker Knapp
> Wealth-Lab Inc.
> www.wealth-lab.de
> www.wealth-lab.com
>
> If you have any further question please let me know.
>
> Regards.
>
>
> Volker Knapp
> Wealth-Lab Inc.
> www.wealth-lab.de
> www.wealth-lab.com
>
>
>
> -----Ursprüngliche Nachricht-----
> Von: Kent Rollins [mailto:kentr@xxxxxxxxxxxxxx]
> Gesendet: Montag, 14. April 2003 00:54
> An: OmegaList
> Betreff: Re: portfolio results in TS?
>
> You don't even have to write software to do this. You can do all of it
> with
> Excel or most any other spreadsheet app without writing a single line of
> code. And you can do a lot of things with spreadsheets that you can't
> do
> with some trading software.
>
> Kent Rollins
>
>
> ----- Original Message -----
> From: "Frank Fleisher" <r6_5fpen8@xxxxxxxxxxxxx>
> To: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Sunday, April 13, 2003 6:10 PM
> Subject: Re[2]: portfolio results in TS?
>
>
> Hello Adrian,
>
> Let's call it "Chronic Purchased Software Dependency Syndrome"
> (CPSDS). Because people won't spend the time to think, they buy other
> people's thoughts instead, without being sure whether their thoughts are
> any
> good. As for MCS, I bet lots of people who own the program don't even
> know what Monte Carlo is, or if it's applied correctly. This reliance
> on the unknown for profit-dependency is dangerous. Writing code
> forces you to think.
>
> This is not about neglecting your spouse and spending gobs of time
> replicating charting software
> or complete programs. It's about writing some code that eliminates your
> dependency on these programs. More often than not, the programs are
> either flawed, incomplete, or inflexible. Trading is a practice,
> after all, and in time you get smarter. If you learn to code, you
> can fill some of the gaps these programs leave.
>
> Better yet, if you're going to spend the extra time shaping your trading
> ideas to a program's limitation, why not spend the time shaping a
> program to
> your
> trading ideas?
>
> As for the 99% assumption, I'm sure there are a lot of traders who
> write their own code, or hire others to do it for them.
>
>
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