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Thank you Bill
You are right. It is the stops not the system that is making the money. I
was using omega's trailing stops, without a floor. I was trying to make it
tie into the range rather than using a fixed amount. The formula I was
using, which apparently gave very tight stops was
SetDollarTrailing( average(range,3)* an optimized number
Again I thank you and all the others who recognized my error and helpfully
responded. It is great getting this kind of help. I hope I can learn
enough to help others in similar situations.
.oİş°¨¨°şİ>>[ JERRY ROSS ]<<İş°¨¨°şİo.
----- Original Message -----
From: Bill Wynne <tradewynne@xxxxxxxxxxx>
To: <jerryandcora@xxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Thursday, July 27, 2000 8:02 AM
Subject: Re: I dont't believe it, But this is what trade station is giving
me.
> Here is a S&P system with a $1 stop (effectively $25, one tick) :)
>
> Obviously, you would lose nearly every trade in the S&P with a 1 tick
stop,
> but given the nature of bar charts (OHLC is the ONLY data TS4 sees in a
> given bar), TS will let you "win" every trade with a trailing stop if the
> floor (or profit target) is tight enough to capture the range beyond your
> entry. Meanwhile, in real life, intrabar movement would have stopped you
> out.
>
> Bouncing ticks tries to remedy the situation, but IMHO only confuses the
> issue. TS help and the manual cover this in detail.
>
> Try your system with no stops, and see if it is the "system" or the stops
> that are making money.
>
> Bill Wynne
> TradeWynne@xxxxxxxxxxxxxxx
>
>
>
> >From: "Jerry & Cora" <jerryandcora@xxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>, "L_Omega" <omega-list@xxxxxxxxxx>
> >Subject: I dont't believe it, But this is what trade station is giving
me.
> >Date: Wed, 26 Jul 2000 13:36:20 -0700
> >
> >Seems to good to be true. I am tying to write a simple system in trade
> >station. It is giving very good results with this one being one of the
> >better. Since joining this group I dont trust trade station but wonder if
I
> >could have inadvertently set it up to give unreliable but encouraging
> >results. I have been tweaking and optimizing the system and get good
> >results, This report is on data not optimized except on other data.
> >
> >
> >
> > TradeStation System Report - bigfoot1 F-Daily (12/05/1997-11/05/1999)
> >
> > Performance Summary: All Trades
> >
> > Total Net Profit $177,310.00 Open position P/L $0.00
> > Gross Profit $182,460.00 Gross Loss ($5,150.00)
> >
> > Total # of trades 195 Percent profitable 53.00%
> > Number winning trades 103 Number losing trades 92
> >
> > Largest winning trade $1,910.00 Largest losing trade ($120.00)
> > Average winning trade $1,771.46 Average losing trade ($55.98)
> > Ratio avg win/avg loss 31.65 Avg trade (win & loss) $909.28
> >
> > Max consec. Winners 7 Max consec. losers 5
> > Avg # bars in winners 0 Avg # bars in losers 0
> >
> > Max intraday drawdown ($460.00)
> > Profit Factor 35.43 Max # contracts held 1,300
> > Account size required $460.00 Return on account 38545.65%
>
> ...snip
>
>
>
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