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Dear Lynn, I evaluate a system with a simple outlook: 1.Every system is pre sumed to work unless I prove it can not. 2.If historical testing at 2 times margin is acceptable with 100% annual gain at a minimum and less than 33% drawdown, I look at real time data. 3.In the case of the $16,500 system,I looked at actual statements of several millionaires.If they can do it so can anyone. 4.In April 1997 I decided to risk $70,000 to trade 2 times abasket of 7 commodities.By June of 1997 it became $140, 000. 5.As my confidence increased I added additional capital.My account is currently about $$600,000 or up 80% in 9 months. If and when I do get the dreaded !
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drawdown it will be out of profits unlike the one I had Aug. to Oct. 6.The other lesser priced systems I bought have merit and I do not regret buying any of them.After all they are agood tax deduction. 7.I initally risked 20% of my capital in this endeavor until I hit acomfort zone. I know there are others who have done better or worse and my only purpose is to share what I have learned and learn from others. Mechanically yours, John
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Originally From: MR LYNN G <MRLYNNG@xxxxxxx>
Subject: Re: Mechanical Trading
Date: 01/18/98 09:35pm
In a message dated 98-01-18 08:11:28 EST, jvc689@xxxxxxx writes:
<< The purpose of my post is to start a thread whereby those of you who trade
a mechanical system will share your results as I have previously shared mine
and am willing todo so again. >>
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John:
I don't know of any mechanical systems that are profitable unless you have a
large trading account so I cannot help you in this area. ( If anyone has one,
I would certainly like to know about it.) However, I am interested in your
method of evaluating a mechanical system. What do you look for and how do you
ascertain what is valid and what is hype. I would never pay $16,500 for a
system based on the trash that is offered for as little as $1000 but usually
in the $3000-10,000 range.
What prompted you to pay $16,500 and how many sytems like this did not work
out? Thanks and Good Trading.
Lynn
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