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Thank you for your nice comments. Just wait until you see version 2.0. It 10 times more powerful that 1.3.6! and it is a free upgrade for all existing customers.

That is a very good point. What about MAR ? That also a good measure. Another issue is are you evaluating the system with or without money management ?. Once you apply money management to a system you can see a different picture than you do trading a one lot.

Yes we will be doing a email to all people who are registered on the site. In terms of a review, we wanted to wait until we have the real time version available since magazines like to wait 2-3 years between reviews. We are going to offer a demo version of the product after 2.0 is...

Sorry but I viewed this as an attack on me, that is what upset me. I do understand your point about the bouncing tick problem. I am sorry if I offended you. My point was on 1 min bars ,your backtest results will be good enough to see if the system is good enough to consider trading or...

My point was that if you had the computers that NOAA uses to to create the weather models and 20 years of tick data that would be perfect. Traders don't have access to that so they need to compromise. Yes 1-2 years of five minute data is still ok. My problem is that I believe , that a model...

If the smallest timeframe I analyzed was 10 minute bars I might agree with you, but it is 1 minute bars. The main reason that it is not important to backtest using tick data is that you really should backtest over 5 years or more of data. In this case even 5 minute bars are good enough to see if...

The real time product has not been released yet and currently we only offer an off line backtesting program , which can backtest down to 1 minute bars. In our real time product we do process tick data, for processing orders, but do not chart it. From polls taken on elite trader about 90%...

We have currently cut deals with a few data vendors to supply 1 min and 5 minute bar data for selected market as test data. This is only for use as sample data, and will often be several months old. TradersStudio can read asc files of any timeframe starting with 1 minute bars so you can do...

<b> Answer to QQQShort </b> You are correct that split adjusted data will give you the correct percent returns if you assume that you always buy $10,000 worth of each stock and forget about the issues with fractional shares. The problem is that this might require Excel to do this analysis...

Not really, because you if you assume $5000.00 then that not correct because you might not have been able to buy $5000.00 because it would have give you fractional shares. Another issue is that the rounding becomes a problem. When Microsoft split adjusted is at .1100 , with a real price of...

Doing backtests using split adjusted data has issues because you can only really test on one stock at a time. This is because you destroy the price relationship of the stocks in a portfolio. We have done a study and Yahoo data has problems before 1992. After 1992 ,CSI started supplying data to...

Please take a look at the discussion in the thread listed below. I wrote a nice description of TradersStudio there. I think that TradersStudio would be the best solution for you. Our current price is only $499.00 http://elitetrader.com/vb/showthread.php?threadid=66534

If you are evaluating TradersStudio you need to look at the new version, 2.0. This is a free upgrade for existing users and is due out in mid April 2006. This product has totally programmable money management. You can scale in and out of trades and resize positions. Anything that Trading Recipes...

I just wanted to update people. We are still working hard on getting 2.0 ready to ship in April. I also expect to be releasing several different addins which will be available when 2.0 ships, including my CycleStudio addin. This is similar to MESA. I have not forgot about finishing...

I also did a thread on intermarket divergence a while ago . Please take a look at it . http://elitetrader.com/vb/showthread.php?s=&threadid=55456&highlight=Intermarket+Analysis

My favorite is looking at silver versus bonds. You need to realize why the dollar/gold relationship exists. It is because gold is viewed as a proxy for the dollar and is priced in in dollars so , if the dollar falls the price of gold needs to rise. This only explains the price action if we...

The best strategy is to trade multiple system on different baskets of markets. We want systems which are not correlated. One example of this is to trade a trend following system on a commodity basket and then trade a stock index system on the SP500 and Nasdaq mini for example. Since stock index...

I have been working very hard on getting 2.0 ready so I have fell behind on my posts. Let me answer the last question. What I mean by a risk adjusted basis is that the systems performance needs to be compare to it's risk. If one system made 60% a year with a 40% max drawdown and another...

I plan to spend time working on this course this week. The first issue I will address in our next installment is filtering breakouts. I will discuss and test several methods and then we will decide which ones we will use with our system.

Let's now discuss beginning to improve this system. The first issue we need to address is false breakouts. Next trade equity giveback. Finally trying to maximize risk adjusted returns. Let's now overview these issues The issue of filtering false breakout is a big area of research. We...