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<DIV><FONT color=#000000 size=2>I stopped reading at the first line of the
report - your're kidding yourself with 6 months of data! If you want to test
daily systems, you need 15-20 years of data split into 2 or 3 pieces. Do your
testing/optimizing on one piece, then see if it works on the other pieces. As
for results, trading is very much a psychological game and no one else can tell
you which systems you can trade successfully because every trader has different
tolerance for drawdowns, consecutive losers, etc.. Traders can cooperate, to a
degree, but in the end it's a loner's game.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Earl</FONT></DIV>
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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Barry Ringuet <<A
href="mailto:ringuetb@xxxxxxxxxxxxx";>ringuetb@xxxxxxxxxxxxx</A>><BR><B>To:
</B>omega-list@xxxxxxxxxx <<A
href="mailto:omega-list@xxxxxxxxxx";>omega-list@xxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, March 12, 1998 9:09 PM<BR><B>Subject: </B>Pls comment on best
of 2 systems<BR><BR></DIV></FONT>Hi:<BR>I've worked up 2 systems which have
drastically different approaches. I'd appreciate any comments on which might
be preferable.<BR>Apologize for the strange formatting. The vagaries of
copying and pasting from an intrinsically dos-based app to a windows-based
one.<BR>Thanks,<BR>Barry
Ringuet<BR>-----------------------------------------------------------------------------<BR>S&P
E Mini Index Daily 09/09/97 - 03/12/98 <BR><BR>Total net profit $ 4579.00
Open position P/L $ 0.00<BR>Gross profit $ 16876.50 Gross loss $
-12297.50<BR><BR>Total # of trades 108 Percent profitable 45%<BR>Number
winning trades 49 Number losing trades 59<BR><BR>Largest winning trade $
1160.00 Largest losing trade $ -340.00<BR>Average winning trade $ 344.42
Average losing trade $ -208.43<BR>Ratio avg win/avg loss 1.65 Avg trade(win
& loss) $ 42.40<BR><BR>Max consec. winners 5 Max consec. losers 8<BR>Avg
# bars in winners 0 Avg # bars in losers 0<BR><BR>Max intraday drawdown $
-3092.50 <BR>Profit factor 1.37 Max # contracts held 1<BR>Account size
required $ 5267.50 Return on account
87%<BR>-----------------------------------------------------------------------------<BR>S&P
E Mini Index Daily 09/09/97 - 03/12/98 <BR><BR>Total net profit $ 3740.00
Open position P/L $ 0.00<BR>Gross profit $ 5435.00 Gross loss $
-1695.00<BR><BR>Total # of trades 12 Percent profitable 67%<BR>Number
winning trades 8 Number losing trades 4<BR><BR>Largest winning trade $
1195.00 Largest losing trade $ -480.00<BR>Average winning trade $ 679.38
Average losing trade $ -423.75<BR>Ratio avg win/avg loss 1.60 Avg trade(win
& loss) $ 311.67<BR><BR>Max consec. winners 4 Max consec. losers
2<BR>Avg # bars in winners 0 Avg # bars in losers 0<BR><BR>Max intraday
drawdown $ -1110.00 <BR>Profit factor 3.21 Max # contracts held 2<BR>Account
size required $ 5460.00 Return on account
68%<BR>-----------------------------------------------------------------------------<?/bigger><?/fontfamily>
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</x-html>From ???@??? Fri Mar 13 06:12:03 1998
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "Tom Cathey" <K1JJ@xxxxxxx>, <omega-list@xxxxxxxxxx>
Subject: Re: System vs Discretionary
Date: Fri, 13 Mar 1998 06:05:12 -0700
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Agree with most of what you say except that I believe a good system can provide
a framework of confidence and consistency. I think most systems fail because
they are all trying to measure the same thing - price and volume (especially
price). Day traders have nothing else to go with except price/volume. Position
traders are in a position to incorporate other data into systems which can and
do improve their odds. Contrary to popular wisdom, no system is able to
accurately project prices into the future so the trading game can never be more
than a game of probabilities. And ultimately, no computer softare can approach
the cognititive ability of the human eyes/brain in interpreting a chart.
Earl
-----Original Message-----
From: Tom Cathey <K1JJ@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, March 13, 1998 1:38 AM
Subject: Re: Unidentified subject!
>Hi Glenn -
>
>
>Ain't it the truth - You're not alone.....
>
>I've been at it for 18 years and tested everything under the sun. I just
>hope most guys continue to fool around with ridgid systems, (especially
>optimized)..... 'cuz I do not want to trade against guys like yourself who
>can change with the market on a moment's notice...and are light years ahead
>in decision making ability vs: a computer....That is assuming that you are
>disciplined and have gone through the gauntlet to appreciate it all.
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