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Not only that, but they say they're using a 9.5 point stop. This is
true only back to about April 2003. Before then they seem to use a
dynamic (or often re-optimized) stop that varies all over the place,
and for the first 30 days the stop is quite small.
Maybe they're using 30 days of bars to calculate the next bar
high-low projection, which is why it takes that long to settle down?
I was under the impression from reading something somewhere on the
site, that they were only using the last bar or so.
I find it interesting that they want $4,295 for this system, when
the only "historical performance" they give is an Excel spreadsheet
with profits and losses calculated assuming all exits are on the
close, which doesn't conform to the trading rules they give on the
site. Also they include no commissions or slippage.
-Alex
>From: Trey Johnson <dickjohnson3@xxxxxxxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>
>Subject: RE: Message for Alex
>Date: Fri, 15 Aug 2003 12:23:11 -0400
>
>I just looked at the 5 year performance record form the site
>www.newmarketsoftware.com and noticed something strange. For the first
>thirty days, 9/10/97, the buy and sell prices were very erratic with
>huge differences between them and the market. Then on the thirty-first
>day they seem to calm down. Is this possibly an initialization problem
>or maybe the number of an input?
>Trey
>
>-----Original Message-----
>From: unicorn@xxxxxxxxx [mailto:unicorn@xxxxxxxxx] On Behalf Of Alex
>Matulich
>Sent: Friday, August 15, 2003 11:37 AM
>To: omega-list@xxxxxxxxxx
>Subject: Re: Message for Alex
>
>Ian:
>
>>Sorry to use the list for this but email to Alex (alex@xxxxxxxxxxxxxx)
>>is bouncing again.
>
>Ah yes. My ISP's use of the sorbs.net DNSBL strikes again. What
>happened was, spam came from your IP address so it was added to a
>blacklist. You once mentioned that your IP address is dynamic; it
>changes every time you log into your service. You happened to get a
>spammer's IP address this time around.
>
>There are two solutions:
>
>1. Log in again.
>
>2. Write to me at axlq@xxxxxxxxxxxx
>
>>It was just a 'thank you' Alex, so nothing important but other folks
>>with important stuff may also be having probs...
>
>If you figure it out (system on newmarketsoftware.com) I'd like to
>know. I always wanted to develop something that used EOD bars to
>forecast tomorrow's low and high, so I could just place limit orders
>to buy and sell, with a reasonable stoploss, and exit on the close.
>Daytrading without having to follow the market. This outfit seems
>to have done it.
>
>-Alex
>
>
>
--
,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
// +__> Director of Research and Development
// \
// __) Unicorn Research Corporation -- http://unicorn.us.com
|