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Dear Clyde,
I know from past work with you that what you present has value, and
they are often used by me too. I was just presenting another aspect
to be combined or used solo as desired and observed with testing. I
am not going off the deep end with it.
Sincerely,
John
------------------ Reply Separator --------------------
Originally From: Clyde Lee <clydelee@xxxxxxxxxx>
Subject: Re: [RT] S & P System Failures
Date: 03/26/2002 08:27pm
John,
I would suggest that it would be better to use a multiple of
Standard Deviation, Average Range, or Average True Range
as the basis for the stops rather than a percentage of price.
Volatility needs a place in systems and this is one way of
doing that.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: John Cappello
To: realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, March 26, 2002 6:39 PM
Subject: [RT] S & P System Failures
I have perhaps uncovered why I am rebuilding a previously super
successful system to being a so so system.When the market was
higher
and going lower it should have been clear to me that there was a
built in erroneous bias.
I believe the stops and trailing stops should be a set % of the S&P
instead of hard and fast numbers.For example if one were trading
the
S&P around 1000 then 6 points as a stop and floor for TS may work
fine. However when around 1500 the range widens and set trails and
stops become archaic and vice versa.
I am now experimentinting with 0.6 % of any S&P level for the
subject
stops and meeting with some better results in testing.
Many of you may have known this all along and I apologize if it
insults your experience.
AND I AGREE WITH BEN.....ENOUGH NON TRADE POSTS. I PERSONALLY AM
PSYCHED OUT. I still seek simplicity and order in all things I do
and
overexposure in any area is deafening.
John
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