Don't risk your money on myths

[Eight]

Quote from Murray Ruggiero:

Wow, I have lost control of this thread. I really planned on teaching something. I will need to think of a plan to post here and teach something without it getting sidetracked like this.

I don't mind a little sidetracking, but when this happens it makes it hard to follow real context because a teaching post might be 3 pages from the orginal reference post and nothing in between is on topic.

Murray, you can just recommend to all the people reading this thread that they refrain from quoting certain people or put them on ignore. I think it would not be impolite for you to publish a blacklist. You yourself could put them on ignore as well.

Alternatively if you could charge 1$ admission I'm sure that most of the problems would go away

 

[luisHK]

Quote from Murray Ruggiero:

I will need to think of a plan to post here and teach something without it getting sidetracked like this.

Good luck Murray, but I suspect cracking the market code is easier than having clean threads after ProfLogic and Surf have both decided to pop in :eek:

 

[bwolinsky]

Quote from luisHK:

Good luck Murray, but I suspect cracking the market code is easier than having clean threads after ProfLogic and Surf have both decided to pop in :eek:

Political and idealogical posturing doesn't stand up to the multitude of data I have about ProfLgoic's systems, and since Surf has really chosen to mudsling versus research it is pretty difficult to get him to analyze his methods.

Murray does have a product, but as far as using it myself I'm sorry, if it's not easylanguage, wealth script, or C# coding, I don't believe it can process as quickly or execute as efficiently.

I don't see why a third party product can not allow any datafeed into its software for system testers to use. It is very limited in that regard and I think prof's Doctor's-didn't- think-much-of-penicillin- at- first- either is very appropriate and humorous.

You want to talk about more myths? Jack Hershey's system only works on one thing. Prof's on everything, and mine in cases where there are two highly correlated securities on everything too to a more limited extent. There's still parameters to be determined but Jack's had the same macd and stoch values for a long time and until some dude coded it in tradestation it had never made it publicly, but if you look up my backtests on it it was pretty good but considered a curve fit in the Wealth Lab forums by several people but more specifically Dr. Rene Koch.

 

[Argent]

You will see over here that I have given Murray a jump start.

http://www.elitetrader.com/vb/showthread.php?threadid=225457

I had so looked forward to critiquing his philosopy of backtesting. Now he can critique mine.

 

[Chart Lion]

I've found backtesting particularly good for optimizing stoplosses.

Has been very useful in my trading.

Chart Lion

 

[jsp326]

Quote from bwolinsky:


You want to talk about more myths? Jack Hershey's system only works on one thing. Prof's on everything, and mine in cases where there are two highly correlated securities on everything too to a more limited extent.

That's why all of your live trading attempts (Collective2 and Covestor) have ended in losses?

Murray is a very knowledeable system developer and analyst. Prof should let someone like him test his system, per Murray's normal and rigorous procedures. Not some "look at the program in its beautiful, objective, volume bar environment....you don't even need to test the signals..it's profitability is self-evident!" myth.

 

[bwolinsky]

Quote from jsp326:

That's why all of your live trading attempts (Collective2 and Covestor) have ended in losses?

Murray is a very knowledeable system developer and analyst. Prof should let someone like him test his system, per Murray's normal and rigorous procedures. Not some "look at the program in its beautiful, objective, volume bar environment....you don't even need to test the signals..it's profitability is self-evident!" myth.

It's like asking if you believe in the scientific method. I am qualified enough to make those judgements myself.

 

[jsp326]

Quote from bwolinsky:

am qualified enough to make those judgements myself.

In your own mind, sure.

In the real world of serious system trading, Prof and Hershey Bar's work would be thoroughly backtested and forward-tested using all of the industry-standard metrics. No one would risk a dime based on pretty charts and esoteric theories.

 

[bwolinsky]

Quote from jsp326:

In your own mind, sure.

In the real world of serious system trading, Prof and Hershey Bar's work would be thoroughly backtested and forward-tested using all of the industry-standard metrics. No one would risk a dime based on pretty charts and esoteric theories.

I'm certain that I've analyzed the charts extensively, having observed its trades since January 2010. I have plenty of information and evidence.

There isn't any other analysis that needs to be done.

 

[cornix]

Manually backtest patterns to collect statistical information about them, but overall forward testing is much more useful, because it gives true experience on how exactly the given pattern shows itself and works.