Random entry system a la Van Tharp

Originally posted by marketsurfer
of course it doesn't work, trader kay. dr. van tharp admits to being unable to trade in "market wizards 1"
best,

surf:)
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Dave

That quote is over 15 years old...

I'm surprised to see you write this.
Quite a lot can change in 15 years


The random entry studies are available in past Market Mastery articles if anybody is interested. email info@iitm.com for more info. The were not able to work on the S&P's. So guys who can't do well trading the QQQ, and ES I would imagine the same results.

The system takes advantage of trends, extremely far away stops and small position sizes are necessary to have this system produce a positive expectancy but it still does produce a positive expectancy.

Robert
 
Originally posted by traderkay
Well, I'm testing on 60min continuous bars of ES, since 97 til this August. And every freaking time I see a nice, consistent diagonal equity curve DOWN! And i cant figure out how to make it up. And the funny thing is entries are random and it's down almost every time i run it. BTW i think numerous runs with random variables are called Monte Carlo simulations. What results are you getting mitts?
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This is a position trading system, not enough time to develop a trend can be found in 60 minute bars without having your commissions eat you alive.

Also DO NOT use this for ES as it the S&P index was the only thing that it doesn't work with.

Robert
 
Hmm interesting, Robert. I noticed on the ES it produced a consistent negative equity line like 9 out of 10 times (without commissions). Is there a way to turn it around?:)
 
Originally posted by traderkay
Hmm interesting, Robert. I noticed on the ES it produced a consistent negative equity line like 9 out of 10 times (without commissions). Is there a way to turn it around?:)
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not for any index having to do with the S&Ps.

Robert
 
robert,

yes, that is a very old quote and many things can change. it in no way diminishes the respect that i have for your father and his teachings. i do have a question however, why does the random entry system only work for the sp ? it should work across all markets if it is a viable system.

all the best,

dave


ps--looking forward to meeting you guys in NYC.
 
Originally posted by marketsurfer
robert,

yes, that is a very old quote and many things can change. it in no way diminishes the respect that i have for your father and his teachings. i do have a question however, why does the random entry system only work for the sp ? it should work across all markets if it is a viable system.

all the best,

dave


ps--looking forward to meeting you guys in NYC.
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it works for EVERYTHING except the S&P.

Not sure why? I haven't studied it too much.
Robert
 
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