Is There Such a Thing as a CONSISTENTLY Profitable Trading System?

Trader Pete · May 28, 2003

acrary seems to have something that backtests well, but would love to hear what the real-time executions look like and whether all trades on the system were executed. hopefully they match - if so, looks great (obvious).

Walther · May 28, 2003

Quote from acrary:

[. On a daily basis, I haven't found anything that suits me and makes money day in and day out.

. [/B]

I can make a winner from one of yours unsuitable daytrading systems by applying proper filter(s). Only condition is that system has to be profitable in backtesting and give at least two signals per day( on average ).
Walter

laziz314159 · May 28, 2003

Quote from rolegario:

But when does a person cross the line into curve-fitting? I've manipulated variables that have resulted in improving the yield when backtested, and I've managed to convince (or fool) myself as to the rationale for using them. .

When your walk-forward tests with a statistically significant number of trades fall apart compared to the optimization period. The ratio of backtest(optimized)/walkforward test profits should remain relatively constant over multiple walkforwards.

regards,

laziz

Glitch · May 28, 2003

IMO: This poll does not contain the one answer that I think is correct ...

5 - Yes, they are out there but they are not fool proof. Every system has strength and weaknesses, and there is ALWAYS risk of loss!

metooxx · May 28, 2003

Quote from FishSauce:

"Never a unprofitable week"

Anyone buying this?

Assume 12 weeks for vacation and miscellaneous.

40 weeks X 7 years = 280 consecutive profitable week.

I believe it, when I see it.

Yes ...

FishSauce · May 28, 2003

Are you being sarcastic?

I cant really tell.

metooxx · May 28, 2003

Quote from FishSauce:

Are you being sarcastic?

I cant really tell.

Not at all. Whether someone I don't know personally is really doing that; I can't vouch for.

But, it is being done ...

FishSauce · May 28, 2003

Can you elaborate....?

candletrader · May 28, 2003

Quote from FishSauce:

Can you elaborate....?

Seems to be a continuation of a debate contained within the Market Wizards thread... metooxx is one of the few people who is not skeptical of Mark Weinstein... I need to see Weinstein's audited records to believe it...

metooxx · May 28, 2003

The problem with that type of results is it is usually not scalable; i.e. you can't continue to compound and have all the money in the world ...