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I certainly wish you great success in your trading methods,David.
After many years of market trading experience,I prefer the 'kiss'
principle,using some time proven methods,along with a bit of
proprietary,discretionary methods.
David Fenstemaker wrote:
> Some one had asked a while back if anyone had gone to the
> Rina Systems 3 Day seminar for evaluating system performance.
>
> I attended recently, and thought I would write up my experience
> for the mailing list. I'm not connected with Rina in anyway. The
> seminar was $2400.00, limited to 5 attendees and was held
> at Rina in Cincinnati, Ohio.
>
> My background:
>
> Math/software engineering, one of the first 400 people at Silicon
> Graphics, now I'm a software architect for Acuson (ACN on the NYSE)
> maker of medical ultrasound devices. I have ten years of trading
> experience, 5 years of easy language, and position trade
> $50,000 - $150,000 a position in stocks or Fidelity Selects.
>
> I had been day trading/scalping on the NYSE, and did well,
> but it was alot of work and stress. I wrote some systems to
> trade the Fidelity Selects on a longer term basis that
> also did well. I purchased Rina's Dynamic Zones indicator
> and the precursor to Portfolio Maximizer before it was sold
> to Omega Research and included as an add on. I wanted to learn
> more about system evaluation. I don't skimp on software or books that
> improve my trading. and don't go to seminars that are not technical.
> I attend TAG every year, and expect at least that level of seminar.
>
> Besides myself was a floor trader from Australia, 2 Forex traders from
> Germany, and a guy pretty smart guy from Florida who traded options.
>
> The seminar was mostly taught by David Stendahl, and focused on
> how to evaluate trading systems, and some time was spent with
> Leo Zamansky on Optimal F and Secure F.
>
> David Stendahl is very knowledgeable, and taught a very methodical
> approach to system evaluation. During the seminar we used Portfolio
> Maximizer, 3D Smart View and Money Manager to do system evaluation.
> I bought all three products, and felt I got my money's worth.
> The first two days were lecture/question/answer sessions,
> and the last day was spent doing specific system evaluations.
>
> I used have all three products heavily since I have
> bought them and find them invaluable.
>
> This is the process the David Stendahl taught us:
>
> 1. Write the system and optimize it, saving the
> optimization report, to later view in 3D Smart View.
>
> 2. Bring up Portfolio Maximizer and look at
> the general system performance.The scatter graphs in
> Portfolio Maximizer are extremely helpful. The first
> ones I look at are Max Adverse excursion and Max Positive
> Excursion. Alot of the methodlogy behind this is in
> John Sweeney's two books "Maximum Adverse
> Excursion" and "Campaign Trading"
>
> By looking at the scatter graphs you can quickly see where to
> place your stops, and also when it makes sense to double
> up your position, or if your system just plain stinks.
>
> The software really helps you focus on how your system is
> performing, and Stendahl is an expert at evaluation,
> leading us through crisply the key areas to look at. The
> software (Portfolio Maximizer) gives
> you a very clear view of system performance.
>
> It also helps you look at combined system performance
> when trading a portfolio of systems.
>
> 3. 3D Smart View I also found to be an incredible product,
> though simple. It provides a 3D topology view of the
> system optimization report that comes out of Tradestation.
> You can quickly see how stable your system is across an
> optimized parameter set. You want to see flat areas, as
> opposed to peaks in your system performance which
> shows stability and not curve fitted performance.
>
> 4. Money Manager helps you to do more sophsticated money management
> than I had really thought of using before, such as position add on,
> when down or up, or based on a win or loss series, or Secure F.
> or turning your system off during periods of big draw downs until
> you hit a new equity high.
>
> I feel alot more confident now about my system evaluation skills.
> For anyone who is serious about improving their knowledge of
> trading system design, I thought the seminar and software was well
> worth it, (about the cost of one losing trade) (for me).
>
> Combining Rina's Dynamic Zones with Mark Jurik's smoothing
> techniques has allowed me to come up with some very good
> systems that I was able to verify the performance of through
> Portfolio Maximizer and 3D Smartview and really tighten the
> system performance up. I'm a happy camper.
>
> Thanks,
>
> David
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