Trendfollowers: When oh when are we going to start making some $$$?

[bwolinsky]

Quote from d08:

...

Everytime I look at what happened to my pairs systems, I assure myself the alternative buy and hold investment in the security was an 85% loss unleveraged, and 120+% margined. I wouldn't call that failure, but I don't claim that it is success. Put yourself in a 23 year old Russian Hacker's shoes, then after you've spent your whole life thinking about growth of capital, then we can talk.

Your capital comment is completely unfounded, as my covestor accounts have 3 stars, much over $250,000.

 

[d08]

Quote from bwolinsky:

Everytime I look at what happened to my pairs systems, I assure myself the alternative buy and hold investment in the security was an 85% loss unleveraged, and 120+% margined. I wouldn't call that failure, but I don't claim that it is success. Put yourself in a 23 year old Russian Hacker's shoes, then after you've spent your whole life thinking about growth of capital, then we can talk.

Your capital comment is completely unfounded, as my covestor accounts have 3 stars, much over $250,000.

That is plainly failure even if you choose to ignore the ROI, since the backtest itself was fatally flawed (as confirmed by the real life results). What do Russian hackers got to do with anything?

 

[piezoe]

Quote from ProfLogic:

The student with the lowest IQ is always the one laughing at the teacher.

Speaking of that, Prof, I can tell you an amusing story. When I was a Freshman in college I was in awe of the kids who turned their exams in 20 minutes after the start. I assumed they were brilliant because it always took me the full period to finish, and even then I was often rushed to give thorough answers that accurately reflected my knowledge. It wasn't until years later I learned that these early finishers were the ones without a clue.

 

[Vertunyc]

Quote from d08:

That is plainly failure even if you choose to ignore the ROI, since the backtest itself was fatally flawed (as confirmed by the real life results). What do Russian hackers got to do with anything?

Maybe he means Russian hackers hacked his account resulting in the performance ? The can't lose logical system can't lose unless hacked ?

 

[RCG Trader]

Quote from ProfLogic:

I could teach you to never hit your finger with a hammer either but I couldn't guarantee it.

I don't do seminars any longer. I have plenty of students that could actually follow directions and taught themselves what I do.

I live in the land of farmers and they all have guns. If I taught something they weren't happy with, I would be in trouble. They all know where I live. As it is, I get Christmas cards and I break bread with these individuals on a regular basis.

Common sense is a valuable commodity.

I can vouch for that. I live in the land of farmers, two states away. They all have guns. Making enemies is very unwise out here. That said, everything Prof says is true. His code is open source, anyone can duplicate his work. His parameters have not changed this decade.

As far as Surf posting bwolinski's collective 2, that was Jack's system which was designed for ES and small and mid cap stocks. Without incorporating sector rotation into the equation, backtesting will fail because large caps behave differently than small and mid caps do.

Surf, however is aware of this and it truly tragic how a star player on this site on 2001-02 has been reduced to cheap guerrilla tactics.

What happened Surf

 

[Rodney King]

Quote from RCG Trader:

designed for ES and small and mid cap stocks. Without incorporating sector rotation into the equation, backtesting will fail

What does "sector rotation" have to do with a chart-based trading system? I must have missed something.

 

[ProfLogic]

Quote from piezoe:

Speaking of that, Prof, I can tell you an amusing story. When I was a Freshman in college I was in awe of the kids who turned their exams in 20 minutes after the start. I assumed they were brilliant because it always took me the full period to finish, and even then I was often rushed to give thorough answers that accurately reflected my knowledge. It wasn't until years later I learned that these early finishers were the ones without a clue.

That is something that my son had a hard time with. He wanted to be the first done. I tried to impress on him that being the "steady Eddie" would pay off in the long run. It is finally sinking in.

 

[RCG Trader]

Quote from Rodney King:

What does "sector rotation" have to do with a chart-based trading system? I must have missed something.

You missed quite a lot actually. Jack's stocks have to be vetted. It is important to the success of the system, so the system is chart based AFTER a universe of suitable candidates is selected.

 

[Texasdj]

Quote from bwolinsky:



Surf, do you find yourself pounding somebody's face in your dreams much?

Does nuclear war scare you?

How about doing what anybody who wants to know anything about somebody, assuming they are someone noteworthy, will have a pretty long eTrail.

I like your style

1. No
2 yes
3 ok

Best wishes

 

[bwolinsky]

I leveraged up my results for those of us that can afford to blow $50,000 accounts. Goes to $1.2 billion through 15+% exposures to certain commodities. Close-Close drawdown at 30%, nice profit factor.

Going to add some new symbols, and do some out of sample tracking. So far this month pretty good, up 1%.