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In a message dated 97-12-03 07:06:32 EST, you write:
> Below are the TradeStation summaries for an SP system that trades 5min
> intervals
> and exits MOC. There are no settings under STOPS for this system. All
action
> is
> self contained in the code, with no assumptions being made by TS. This
> system
> is
> being traded at the moment by a private trader, and he agreed to provide
a
> demo to
> me. That's all I can say! My problem is, I would like an evaluation by a
> few
> of you
> astute realtraders about this demo. Email me, and I will upload a copy of
> the
> TS ela
> demo to for evaluation. All I ask is your frank appraisal.
>
Glenda
A couple of things caught my eye. First I would ask you is this
person really trading this system. I mean have you actually seen them trade
it. Reason I ask is yes the money looks good, but, only 36% losing trades,
11 losers in a row, and draw downs of 13000 dollars. I don't know about you
but I sure couldn't sit thru that kind of thing. I would have to have 40000
to 50000 that I could afford see go down the drain. Otherwise I couldn't
take those kinds of loses. I appreciate your offer to send the ela, but 2
things. 1st I have TS3.5 and would need the code to cut and paste or having
you send it in 3.5 format, but 2ndly, I honestly feel it would be a waste of
time. I have data going back to 1993, that I used to keep in TS for such
testing, but never found anything that did well over an extend time. I have
so little faith in that kind of thing I took the data off the system.
As I think I told you before, most *systems* are basically curve
fitted to the data and when market character inevitably changes they start
losing.
With wishes of good fortune
Pete
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