a little while ago some guy opend a thread wanting to know
"what his system was worth" at first i didn't toke it serious
but after a while it made me think a bit..
short story
about 18 months ago a friend of mine gave me a call if
i was interested in purchasing what he tought would be
a great EOD system for trading german indices and their future's
hoping to split the systems costs with me.
as i only trade forex and i am pretty sceptical
about so called "holy grail"systems so i have thanked him
for the offer but told him i wasnt interested. about 1 month
later he contacted me again telling me he had purchased this
system 2 weeks ago but having problems coding it as the system
came with a manual/discription only and asked me to give him
a hand coding it. i agreed.
it was a 30 page pdf file ( which could be reduced to 5-6 if
you toke out all the candlepattern pictures )
so he send me the file and i tried to make something of it but
only managed to succesfully code the "long" side of the
system.
this may sound pretty amatauristic for you people who are
coding for years but i dont consider myself to be a great
programmer. the basic concept excist out of easy rules
no "hightec"indicators pretty simple but the problems was on
the algo side of the system.it excists out of patterns wich wehre
specificly and only for the german indices with many different
rules inside a "mayor"rule
after completing the long side with stoplosses it had a
amazing performance but was trading long only and therefor
was only about 40% of the time in the market
a month later i gave it another try as i seen it as a challenge
to myself to complete this system;
iafter a couple of weeks it was then finally trading long and short.
i couldn't believe my eyes when i saw the results
of the first backtest as i had never
seen a profitfactor of around 7 with 75% profitable trades rr 2,8:1 and 87% in the market, i have tried this system on all german indices TECDAX HDAX GDAX MDAX etc and their Future's performance was superb even if it was a little less for some
indices
as a small test to make sure it was robust enough i also tested
it on intraday timeframes ( which wouldnt be prfitable after commissions on the small tf's ) but i could bent and twist whatever
i wanted it kept beeing profitable altough it wasn't working on US
indices
i emailed the skript to my friend letting him know i had succes but he told me he now
thought the system was focussing to much on "only" the german
indices. hmmm ?? ( why he purchased it and what was he expecting ? )
i told him about the performance the system was achieving
but he said he lost interest; i couldn't believe my ears as i know
how much he has payd for this system ????
now over a year later the system is still in my software and once
in a while i open it to remember meself this was my first big
"coding"project and i felt good knowing i could code the
system rules where others had their problems
as i sayd i only trade forex and i am not planning trading
this system altough it does make me a little dizzy everytime i
open it
it is a daily system, on the F-DAX it had a max DD of about 900
points wich would need a 30-40K account to overcome this in
worst time ( still under 10% max dd)
for the last year since finishing the coding of the system it
produced another 2700 index points in the DAX after
3 point spread till today and 28000 index points since 1996
the beauty about the system is all orders are this bar on close
orders no limit order so positions
are only entered at the end of the trading session and therefor
could easily be tradet in the evening ( GMT+1 ) true etf's
now i am litle confused about what to do with this system as it is
gathering dust...
i havent advertised with it nor did i write it in some kind of forum
untill today
i dont wish to go to collective2 or some kind of website with it
as i dont want to put to much effort in it and i have put to much
effort in it to please someone by giving it to him even if i dont
use it myself
hmmmm
maybe i should start doing some indices..
makes me think if this wouldnt be better of in the Journals section ...
if you find spelling failures you may keep them as english isn't my
native language
"what his system was worth" at first i didn't toke it serious
but after a while it made me think a bit..
short story
about 18 months ago a friend of mine gave me a call if
i was interested in purchasing what he tought would be
a great EOD system for trading german indices and their future's
hoping to split the systems costs with me.
as i only trade forex and i am pretty sceptical
about so called "holy grail"systems so i have thanked him
for the offer but told him i wasnt interested. about 1 month
later he contacted me again telling me he had purchased this
system 2 weeks ago but having problems coding it as the system
came with a manual/discription only and asked me to give him
a hand coding it. i agreed.
it was a 30 page pdf file ( which could be reduced to 5-6 if
you toke out all the candlepattern pictures )
so he send me the file and i tried to make something of it but
only managed to succesfully code the "long" side of the
system.
this may sound pretty amatauristic for you people who are
coding for years but i dont consider myself to be a great
programmer. the basic concept excist out of easy rules
no "hightec"indicators pretty simple but the problems was on
the algo side of the system.it excists out of patterns wich wehre
specificly and only for the german indices with many different
rules inside a "mayor"rule
after completing the long side with stoplosses it had a
amazing performance but was trading long only and therefor
was only about 40% of the time in the market
a month later i gave it another try as i seen it as a challenge
to myself to complete this system;
iafter a couple of weeks it was then finally trading long and short.
i couldn't believe my eyes when i saw the results
of the first backtest as i had never
seen a profitfactor of around 7 with 75% profitable trades rr 2,8:1 and 87% in the market, i have tried this system on all german indices TECDAX HDAX GDAX MDAX etc and their Future's performance was superb even if it was a little less for some
indices
as a small test to make sure it was robust enough i also tested
it on intraday timeframes ( which wouldnt be prfitable after commissions on the small tf's ) but i could bent and twist whatever
i wanted it kept beeing profitable altough it wasn't working on US
indices
i emailed the skript to my friend letting him know i had succes but he told me he now
thought the system was focussing to much on "only" the german
indices. hmmm ?? ( why he purchased it and what was he expecting ? )
i told him about the performance the system was achieving
but he said he lost interest; i couldn't believe my ears as i know
how much he has payd for this system ????
now over a year later the system is still in my software and once
in a while i open it to remember meself this was my first big
"coding"project and i felt good knowing i could code the
system rules where others had their problems
as i sayd i only trade forex and i am not planning trading
this system altough it does make me a little dizzy everytime i
open it
it is a daily system, on the F-DAX it had a max DD of about 900
points wich would need a 30-40K account to overcome this in
worst time ( still under 10% max dd)
for the last year since finishing the coding of the system it
produced another 2700 index points in the DAX after
3 point spread till today and 28000 index points since 1996
the beauty about the system is all orders are this bar on close
orders no limit order so positions
are only entered at the end of the trading session and therefor
could easily be tradet in the evening ( GMT+1 ) true etf's
now i am litle confused about what to do with this system as it is
gathering dust...
i havent advertised with it nor did i write it in some kind of forum
untill today
i dont wish to go to collective2 or some kind of website with it
as i dont want to put to much effort in it and i have put to much
effort in it to please someone by giving it to him even if i dont
use it myself
hmmmm
maybe i should start doing some indices..
makes me think if this wouldnt be better of in the Journals section ...
if you find spelling failures you may keep them as english isn't my
native language
