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> From: Mark Johnson <mjohnson@xxxxxxxxxx>
> To: omega <omega-list@xxxxxxxxxx>
> Subject: There be gold in those mountains.
> Date: Thursday, October 23, 1997 5:14 PM
>
> System development what an art. For any people trying to decide on the
> merits of a system -- the basic question you should be asking yourself
is
> there gold in those moutains??
>
> I want to find a mountain full of gold. One claim is to risky...(Works
> with one big mountain full of parameters)
> I want to make sure the gold is pure. Make sure I'm not getting fooled
by
> false gold. (Backtesting)
> I want to make sure I find a mountain easy to mine. Dont want to work
> hard. (Simple system)
> I want to make sure the process is cheap to mine. Dont want to spend
lots.
> (Drawdowns)
>
> I look at the merits of a system in that order. Money is the last thing
I
> look at after considering all of the above.
> I could have systems make alot of money and work on the same parameters
for
> a long period of time. If they cannot meet
> the above -- I look for gold elsewhere.
>
>
>
>
> If you haven't guess I'm in the middle of backtesting and studying the
> results to some new systems. Just need to stay focused!!
>
> Thanks for keeping in tune
> Mark Johnson
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