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Hello John,
JC> If you can respond to the two items below in a non sarcastic and
JC> hamanitarian way I would join QUANT@xxxxxxxxxxxxxxx in a NY
JC> minute.Otherwise my wife is telling me I am spending too much time
JC> on you. And you KNOW she may be right I do BELIEVE.
It is very hard to communicate to a cave man that world in not flat.
But I will try and not punish you out of my frustration, that is wrong
and I apologize in advance just in case.
JC> Dear Quant,
JC> Two items:
JC> 1. How would you do it? An answer and not another critique would
JC> be appreciated.
JC> 2. I am told by those more astute than I with the TS that the
JC> latest model backtests with I minute resolution. I have seen such
JC> backtesting correlate with realtime results whether good or bad.
Honestly it would be a waste of my time and effort to try and educate
you any further on the subject of trading. When I read below who and
what you think are usable systems. Plus the credibility of the
purveyors associated with those two systems. I would say that the
qualifications you once threw around here as many others have mean
absolutely nothing but evidence of a lack of knowledge in this field
which I so arrogantly reside.
JC> I am glad you know I am not a scammer but a seeker of the truth
JC> which often comes by hypothesizing and testing. Forward testing
JC> tells me a lot more than backtesting.
I have a full minute tell everything you know about testing? Did you
do it somewhere professionally where they paid your for your research?
JC> So far you know what I do and how I run my portfolio and my good
JC> and bad mechanical trading years [Master Suite, Dual Thrust, etc].
Master Suite - if the name alone doesn't scream at you SCAM! Then
perhaps the government can educate you better.
http://www.cftc.gov/ogc/oporders99/ogcr_wtechnical031699.htm
Dual Thrust - another systems by another scammer. Find the information
on tHE NFA web site. Also note that the Dual Thrust web site claims
they have a mechanical system, but it's not good enough to trade so
they want to trade your account using their discretion, funny stuff.
BASIC Narrative
UNIVERSAL TECHNICAL SYSTEM INC
NFA ID 0090343
NFA Case No. 87BCC00034
CHALEK, MICHAEL EDWARD 0101247 0090343
http://www.nfa.futures.org/basic/text.asp?ref=87BCC00034&nfaid=0090343&name=UNIVERSAL+TECHNICAL+SYSTEM+INC&contrib=NFA
Tuesday, April 02, 2002987, THE CENTRAL REGIONAL BUSINESS CONDUCT
COMMITTEE ISSUED A COMPLAINT AGAINST MICHAEL E. CHALEK ("CHALEK"). THE
COMPLAINT ALLEGES THAT CHALEK USED DECEPTIVE AND MISLEADING
PROMOTIONAL MATERIAL IN VIOLATION OF NFA COMPLIANCE RULE 2-29(B)(2);
USED PROMOTIONAL MATERIAL WHICH FAILED TO MENTION THE RISK OF LOSS IN
VIOLATION OF NFA COMPLIANCE RULE 2-29(B)(3); USED PROMOTIONAL MATERIAL
WHICH FAILED TO MENTION THAT PAST PROFITS ARE NOT INDICATIVE OF FUTURE
RESULTS IN VIOLATION OF NFA COMPLIANCE RULE 2-29(B)(5); USED
PROMOTIONAL MATERIAL WHICH CONTAINED MISSTATEMENTS OF FACT IN
VIOLATION OF NFA COMPLIANCE RULE 2-2(A) AND 2-29(B)(2); AND FAILED TO
SUPERVISE HIS EMPLOYEES IN THE CONDUCT OF THEIR COMMODITY FUTURES
ACTIVITIES IN VIOLATION OF NFA COMPLIANCE RULE 2-9. DECISION: ON
NOVEMBER 23, 1987, THE CENTRAL COMMITTEE ACCEPTED CHALEK'S OFFER OF
SETTLEMENT AND AUTHORIZED THE ISSUANCE OF A DECISION. THE DECISION
DIRECTED CHALEK TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF NFA
REQUIREMENTS AND TO PAY A FINE OF $10,000.
JC> But what do you do and what have you done.
Why would I need to tell you? I feel good about myself already!
JC> Still sincerely,
JC> John
You are a babe in the woods John.
--
Best regards,
TheQuant
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