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Hi Brian
Very well said. Thanks again for the info.
> Also, AB is huge and accommodates very advanced users but it isn't
> necessary to go all the way with it - I'm doing fine using only
> about1/10 th of it's capabilities (my style is very simplistic in
> application).
Yes, I prefer to start with a simple system using End of Day data that
allows me to beat the market on a very conservative level. When
succeesful I'll build from there.
Peace
Walter
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore"
> <electricwally77@> wrote:
> >
> > Hi Brian
> >
> > Very interesting. Thank you for the insight and further info on your
> > files called "compare index to portfolio". I found the files and I
> am
> > studying them.
> >
> > I've owned another back testing and trading platform for a couple of
> > years but never found the time to learn their "easy language". One
> > thing I've learned is that if support and/or some type of online
> > community dries up then that pretty much spells the end for a new
> user.
> >
> > I'm finally learning to code using Amibroker and quite frankly enjoy
> > the fact that the program resides on my computer and not online. No
> > reason to pay $100./month for an online trading platform if all one
> > accomplishes is consistent losses in the market.
> >
> > Thank You
> > Walter
>
> Duke - thanks for the value added code - I'll try to work it into my
> file later.
>
> Walter,
>
> Yes, I have heard it called 'Not So Easy Language'.
>
> AB is an excellent starting out program because it is relatively
> cheap and you can grow into it (you don't have to throw away your
> first two programs and start to re-learn all over again like I did).
>
> All people new to the market should allow at least two years before
> even thinking about winning.
> Initially free Yahoo data is great for learning the markets and the
> software. Once you start to find some ways to win in the market then
> you can consider what data you need to go with your style/systems.
>
> Also, AB is huge and accommodates very advanced users but it isn't
> necessary to go all the way with it - I'm doing fine using only about
> 1/10 th of it's capabilities (my style is very simplistic in
> application).
>
>
> brian_z
>
>
>
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore"
> > > <electricwally77@> wrote:
> > > >
> > > >
> > > >
> > > >
> > > > Hi Brian
> > > >
> > > > Thank you. I'm studying your response as it may be a little
> over my
> > > > head at this point.
> > >
> > > Don't worry - I use a lot of pictures in my 'help' files to help
> > > facilitate learning (images are the language of the subconscious
> > > mind). I also start at the beginning and walk through the process
> > > step by step (the path you take after the beginning steps and how
> > > fast you travel is up to you).
> > >
> > > The reason we are interested in buy&hold (b&h) is because we want
> to
> > > know if our trading skills are producing better results than
> dumbluck
> > > (anybody, without any specialist trading knowledge can b&h) i.e.
> we
> > > want to benchmark our trading 'system' against a b&h strategy (in
> > > real life, when you b&h you receive dividends so you need to
> account
> > > for the dividends as well - some 'professional' indexes account
> for
> > > dividends some don't - if you use dividend adjusted data then a
> > > straight b&h calculation is an approximate surrogate for dividend
> > > inclusion).
> > >
> > > So, if I remember correctly, the files at this board are intended
> to
> > > expose the reader to the concepts of b&h and show one easy way
> that
> > > it can be done and plotted in AB.
> > >
> > > Once you understand the concept (and agree with it or conversely
> > > disagree and want to do it another way) then you can move on to
> more
> > > advanced methods to construct b&h plots, or values, etc and also
> > > consider other ways to benchmark.
> > >
> > > I have pointed to some more advanced ideas because:
> > >
> > > 1) the mind is more powerful than you think and works in amazing
> ways.
> > >
> > > 2) when you are exposed to new ideas they seep into your
> subconscious
> > > mind, become fertile and later on come back out as productive
> insight
> > > (that's when you say - that's what he was talking about).
> > >
> > > 3) the mind is like a jumps horse - it baulks at new and/or 'big'
> > > hurdles - but if you walk it up to them a few times and let it
> see
> > > what is coming up then it will settle down and be prepared to
> accept
> > > the 'big' jump later.
> > >
> > > brian_z
> > >
> > >
> > >
> > >
> > > I'm new to Amibroker and finally starting to find
> > > > my way around the interface.
> > > >
> > > > I'll check out your files in the file section and see if I can
> > > > experiment with them.
> > > >
> > > > Thank again
> > > > Walter
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@>
> wrote:
> > > > >
> > > > > --- In amibroker@xxxxxxxxxxxxxxx, "Walter Lepore"
> > > <electricwally77@>
> > > > > wrote:
> > > > > >
> > > > > > Hi Members
> > > > > >
> > > > > > Can anyone please tell me if the "Buy and Hold" results in
> the
> > > Old
> > > > > > Backtester (v4.4)will be made available in the "Individual
> > > Backtest
> > > > > > and Portfolio Backtest. It's nice If I can see all results
> in
> > > one
> > > > > report.
> > > > > >
> > > > > > Perhaps there is already a way I can view this but I'm
> still
> > > llearning
> > > > > > the interface.
> > > > > >
> > > > > > Thank you for your patience
> > > > > >
> > > > > > Walter
> > > > > >
> > > > >
> > > > > Hello Walter,
> > > > >
> > > > > Perhaps not the definitive answer but to start some thinking
> > > around the
> > > > > subject - I did an example of how to simulate a buy and hold
> > > using a
> > > > > GUI method (via AA) - it is still in the file section, of
> this
> > > > > messageboard, as COMPARE INDEX TO PORTFOLI0 by brian.z123 -
> sorry
> > > it is
> > > > > in parts due to the upoad limits of the file section (I
> should
> > > edit it
> > > > > and move it to the UKB one day) - the limit on the number of
> > > stocks you
> > > > > can hold in the simulation is the decimal places
> that 'Pozition
> > > Size'
> > > > > accepts - I haven't tried to push it to the limit as on my
> part
> > > it was
> > > > > only an exercise to demonstrate the principles of the 'buy &
> > > hold'
> > > > > equity curve as the freelance traders 'true benchmark' cf to
> > > popular
> > > > > indexes (like the Dow etc) - the answer is relative and
> doesn't
> > > depend
> > > > > on the capacity to actually 'buy' many stocks in real life.
> > > > >
> > > > > I didn't explore the other (less GUI) ways to go about 'buy
> and
> > > hold'
> > > > > in AB but the ATC function can easily calculate (and allow
> you to
> > > plot)
> > > > > customize buy and hold equivalents for large numbers of
> stocks in
> > > a
> > > > > watchlist etc.
> > > > >
> > > > > brian_z
> > > > >
> > > >
> > >
> >
>
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