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Larry,
I don't disagree with what you are saying. All I was saying is that there
is a good reason that most vendors have hypothetical results only - the
results are optimized that can't be replicated in forward testing or actual
trading. Just out of curiosity, of the 120 systems you tested, how many
were consistently profitable with consistently acceptable drawdowns within
a range of security types.
Regards,
Mike
--
Aboard 35' Edel Cat "Moongate" in New Bern, NC
> From: Larry Muir <trdoptions@xxxxxxxxxxx>
> To: moongate@xxxxxxxxxxxxxxxxx; trdoptions@xxxxxxxxxxx;
Proffittak@xxxxxxx; ist@xxxxxx
> Cc: realtraders@xxxxxxxxxxxx
> Subject: Re: systems Vs money making
> Date: Friday, July 30, 1999 1:46 AM
>
> To clarify:
>
> Almost every month in The Technical Analysis of Stocks and Commodities
> magazine there is an article on a particular trading system usually
> contributed by some of the top people in this field in the world. In the
> article the results of using the system are published showing yearly
> profits, drawdowns, yearly gains vs a buy and hold strategy etc. etc., in
> great detail so you can see how it actually performs. You don't pay for
this
> information apart from the cost of the magazine. There are some good
systems
> in these articles. And you can have them for free. Get a copy of
Metastock
> and you can enter the code for these systems and test them and utilize
them.
> You don't have to pay thousands of dollars to buy a trading system. I
bought
> 100 trading systems for Metastock for about $300 and entered another 20
or
> from TASC, with the touch of a key I can test them all on a particular
> security and see which is best. TASC had an article on a Gaan swing
trading
> system you could use with just pen and paper, no computer, and it was
free.
> Before you use a system you have to backtest it.
>
> >From: "Mike Higgs" <moongate@xxxxxxxxxxxxxxxxx>
> >To: "Larry Muir"
<trdoptions@xxxxxxxxxxx>,<Proffittak@xxxxxxx>,<ist@xxxxxx>
> >CC: <realtraders@xxxxxxxxxxxx>
> >Subject: Re: systems Vs money making
> >Date: Wed, 28 Jul 1999 22:00:46 -0400
> >
> > > From: Larry Muir <trdoptions@xxxxxxxxxxx>
> > > To: Proffittak@xxxxxxx; ist@xxxxxx
> > > Cc: realtraders@xxxxxxxxxxxx
> > > Subject: Re: systems vs money making
> > > Date: Wednesday, July 28, 1999 3:39 PM
> > >
> > > I read an article once that said the entry is 10% of the trade and
the
> >exit
> > > is 30% in importance, the most important is money management.
> > > In another article the author said you need $200,000 to trade with
> >(someone
> > > else said $60,000), so you can survive drawdowns. You can create your
> >own
> >
> > > trading system or buy one, or there is systems monthly in TASC (fully
> >tested
> > > etc.) for the price of the magazine. The holy grail of trading is
> > > discipline.
> >
> >
> >Fully tested is a big misnomer!!!!!!!!! I have yet to see a system
being
> >sold that has anything but hypothetical results. They may be out there
but
> >I haven't found one that has broker statements to substantiate it. No
> >broker statements = No winning system.
> >
> >
> >Regards,
> >Mike
> >--
> >Aboard 35' Edel Cat "Moongate" in New Bern, NC
>
>
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