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John........
While your returns using systems this years have been wonderful....I would
disagree
with your statement...
"12 month run which is the standard time frame to evaluate any mechanical
trading system"....
ie:Almost ANY trend following system will show dramatic results in a year
where a particular market has been trending. Almost ANY trend following
system will show "stinko" results in a year where a particular market has
not been trending. I would be very cautious of any system that has not been
backtested on tick data, using contract
rollovers for at least ten years....otherwise you are really at the mercy of
"luck" (which does play a role anyway) as to whether one year "test"
results are repeatable......
Tom Stein comfut@xxxxxxx
-----Original Message-----
From: John Cappello <jvc689@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, February 05, 1998 6:59 PM
Subject: Re: TRADING CONTEST (Beep Beep or PRO?)
>
>Dear Robert,
>
>Although this is probably the best idea you have had so far[and also the
most intelligent],it is not doable because of the drawdown factor in
mechanical trading systems.Three months is not long enough.
>
>I will however call Chris Eudy to persuade him on a 12 month run which is
the standard time frame to evaluate any mechanical trading system.If this is
possible, I and probably others will meet you at 'High Noon'.
>
>I hope you don't go awry.
>
>Descretionarily-mechanically yours,
>John
>
>
>
>------------------ Reply Separator --------------------
>Originally From: Robert Winters <rwinters@xxxxxxxxxxxxx>
>Subject: TRADING CONTEST (Beep Beep or PRO?)
>Date: 02/05/98 05:40pm
>
>
>
>
> Starting FEB, 9th is a trading contest BY TRADE COMP
>INTERNATIONAL for three months. For less than the price of one of your
>beep beep trades... that has gone a rye! you can see if your methodology
>holds water!!!!!!!!!
>
>Contact: Chris Eudy:AT (800-233-7906)or fax (704-698-1607)
>
>
>Discretionary Yours,
>Robert
>
>
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