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Hello BobR,
B> If the posted system code is used with TS2k, then it might require enabling
B> the symbol/chart formatting to natural hour bars to get similar results to
B> Mark's.
B> With his software there might be another configuration option. Can
B> you elaborate on that Mark?
whatever software you use it should be noted that (using chicago time)
my first reading of the market is at 9:00am i ignore the first 30
minutes of he market completely, and likewise the last reading is at
3:00pm ignoring the last 15 minutes of the trading session for the
futures. the nyse advancing issues of course end at 3:00pm however
because often a signal will be given on the last reading of the day.
this makes it possible to enter the trade on the futures because
there is still 15 minutes left in the session to get the trade
executed. this makes the historical backtesting very realistic and
the results obtainable as opposed to other systems which give un
obtainable results.
the software that i developed this system on is a ned davis
http://www.ndr.com product called a "TECHNALYZER" it cost 100,000.00
per year just to lease the software not including the data feed and
computers ect. that it takes to run the beast. (may sound like
bragging but i want to convey how well this concept was tested over
massive amounts of data using equipment not available to the average
individual) this software is only in the hands of 6 traders - the
likes of paul tutor jones ect. much of my research is being done on a
cray t-90 http://www.cray.com/products/systems/crayt90 which is
privately owned. this software is able to data mine for parameters
that ar user specified. in other words i tell it that i want a system
results to have a 50+ percent win ration and a max drawdown period not
to exceed 9 months and a min p/l trade size of 300.00 and on and on.
once it takes me about a week to program all this the cray kicks out
the results in about 10 seconds. this would be a the time it takes to
analyzed something complicated, simple things can be in the blink of
an eye the thing runs zillions of test. so in summation this concept
is not just some average run of the mill system - it was originally
developed in 1992 and i am just releasing it because recent
improvements have delivered to me a better method.
being like any veteran in the trading business i too have known that
no one every gives away good systems. in fact most systems that are
sold are over optimized mush that will fall apart. i wanted to share
and give some of what i have been overly blessed with and break the
mold that good systems don't get sold they get traded. in my case
since i have never sold a system in my life, being the radical that i
am i choose to give it away. knowing that when you give you get back
in return, this is just the first of years of research i plan to
disclose, i have more than i could ever use in a lifetime. look at the
excellent work that bob has done with the concept already and given it
away.
disclosure: i am a professional and a individual trader who has
affiliations with various trading related businesses. i try and
maintain a separation between my professional business and my personal
passion which is market research. i trade to finance my research, i
do not trade with making money in mind. i trade with the idea of
continuing my private research, this is what i am driven to do.
B> Thanks,
B> BobR
--
Best regards,
Research mailto:research@xxxxxxxxxxxxx
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