mark brown said he found the holy grail.

MarkBrown · May 4, 2011

Quote from RedDuke:

Mark,

Where did you post this code?

Thanks

05-04-11 05:06 PM look in this discussion at this post. the code is different than my article in active trader over 10 years ago. the concept is the same the time frames have changed and the second stream of data has changed but concept is solid.

RedDuke · May 5, 2011

Quote from MarkBrown:

{bla bla bla im in no mood to fight ...}

{Optimize# means a parameter number like 1385 etc.}

IF Time>= Sess1FirstBarTime and Close of Data2 >"Optimize#" then Buy This Bar else Sell Short This Bar;

{ah yes the data (two data streams needed) well speculate as well as position sizing there you have it.}

{m}

1385 is a price level, but it was said that price not used???

Mark,
Any way to post that active trader mag article here?

Thanks

promagma · May 5, 2011

Quote from RedDuke:

Any way to post that active trader mag article here?

Thanks

It is the Oddball system

http://newsletter.neoticker.com/2005/08/08/oddball-system-an-update

TD80 · May 5, 2011

I hope many of you knuckleheads out there can appreciate when a professional speculator shows up and is actually willing to have a dialog with you.

Which is why I am surprised (OK not really, it is ET after all) at the attacks and slander when there could be a productive exchange going on.

Do you see some of the people posting in this thread recently? Notice they have been here forever? Notice the low count, civil, intelligent, and high quality nature of their posts?

Do you notice that the people who seem to know what is going on have never been "sold" anything by Mark and have actually, quite the opposite, received nothing but free knowledge for those willing to do their own follow up work?

For you nutcakes that are going to say we're all the same poster, there is no hope for you.

I really don't mean to kiss ass, and again I don't know Mark personally, but based on my historical participation in online discussions with him + his material, when I see a thread on a trading forum with "Mark Brown" in it you had better be damn sure I am showing up to see what is going on, as will other grizzled veterans who still lurk around.

eudaemon · May 5, 2011

Quote from stock777:

MB likes to do pm's. Any reason why no public answer? Selling something?

I hope he adds me to his PM list.

eudaemon · May 5, 2011

Mark: When your signals fail, do they fail spectacularly?. I.e. A stop and reverse is usually tradable?.:eek:

trhudson · May 5, 2011

Quote from eudaemon:

Mark: When your signals fail, do they fail spectacularly?. I.e. A stop and reverse is usually tradable?.:eek:

From what I have read, that is EXACTLY how the system is supposed to be traded.

Not certain, but one way to improve may be to develop your own 2nd data source that is directly derived from the instrument you are trading.

eudaemon · May 5, 2011

Quote from trhudson:

From what I have read, that is EXACTLY how the system is supposed to be traded.

Not certain, but one way to improve may be to develop your own 2nd data source that is directly derived from the instrument you are trading.

Interesting. What have you read?. From the little I have read about oddball, MB, etc. the system seems to be always on the market, and automatic in execution. No?.

trhudson · May 5, 2011

Quote from eudaemon:

Interesting. What have you read?. From the little I have read about oddball, MB, etc. the system seems to be always on the market, and automatic in execution. No?.

That is correct, therefore the STOP is a STOP and REVERSE by nature, because it's always in the market. Not certain if this is how he trades or if he uses different parameters, but he probably has left a few things out.

eudaemon · May 5, 2011

Quote from trhudson:

That is correct, therefore the STOP is a STOP and REVERSE by nature, because it's always in the market. Not certain if this is how he trades or if he uses different parameters, but he probably has left a few things out.

I'm big into signal failures, because a similar system I developed on my own usually had both spectacular catches and spectacular failures and very few in-betweens-do-nothings. Therefore I had to learn to minimize the losses in the failures. Afterwards I learned to turn them into small profits, etc. Win big, win small, and lose small, with lose small the lowest % occurrance, which happens when the market enters a small but lengthy in time trading range right after the signal, but it happens, so the best solution is currently a time stop for those market-do-nothing instances.

MB's always-in-the-market method implementation seems radically different, since most of the time, in my opinion, the market offers little or no net-opportunity-over-costs-of-trading.