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On Thu, 29 Nov 2001, Robert Linders wrote:
> Unfortunately the code base is not "Easylanguage", maybe we should setup
> some kind of code "convertor".
> Indeed some of their ideas are very promissing and at the least a source for
> research.
> I myself would rather trade a system, just because it is so much work to
> find it.
> Robert
>
> ===============================
> Robert Linders
> Orlando, FL
> email: mugsnug@xxxxxxxxx
> ===============================
> ----- Original Message -----
> From: <traderkirk@xxxxxxxxx>
> To: <mugsnug@xxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Wednesday, November 28, 2001 8:48 PM
> Subject: Re: Sharing trading systems, improved nr. of cons. losers
>
>
> > Hi Robert,
> >
> > There is a free website called www.wealth-lab.com
> > where people share system ideas. Its primarily
> > for stocks, but there are some futures traders
> > there too. As with anything, there are some good
> > systems and some bad ones, but plenty of
> > sharing. Most of the contributers there believe
> > you can reveal your system without any adverse
> > affects because most people would never trade it
> > anyway, no matter how good it was due to the
> > different styles/temperments of traders. Whether
> > or not this idea has merit is another debate I
> > guess. What I do like about the site is that
> > there are several traders there that really know
> > their stuff about system development and they
> > share it freely.
> >
> > Regards,
> >
> > Kirk
> >
> >
> >
> > > --- Original Message ---
> > >Sent: 11/28/01 21:25:32
> > >From: mugsnug@xxxxxxxxx
> > >To: omega-list@xxxxxxxxxx
> > >Subject: Sharing trading systems, improved nr.
> > of cons. losers
> > >
> > >Ok, I took the comments serious about the nr. of
> > losing trades (26 in a
> > >row).
> > >Here is a slightly adjusted system (it trades
> > max. 5 times a day that's all
> > >I changed).
> > >As you can see the parameters have hardly
> > changed (it doesn't do much to the
> > >bottom line but I would also prefer 12 conseq.
> > losses above 26). Max conseq.
> > >winners stayed the same with 7.
> > >
> > >The system makes (almost) exactly 50% on the
> > long and 50% on the short side
> > >(starting on 1998/1/1 I do not have data before
> > that).
> > >
> > >I have always understood that the profit factor
> > should be 1.5 or greater, in
> > >here it is 1.66 (with $180 comm/slipp., almost
> > 2.0 without commission).
> > >
> > >Why do not many people seem to favor the idea of
> > sharing/exchanging systems
> > >?
> > >
> > >Full report available upon request.
> > >
> > >New SYSTEM SPECIFICS:
> > > Total Net Profit $1,223,150.00
> > > Gross Profit $3,086,480.00
> > >
> > > Total # of trades 1,482
> > > Number winning trades 504
> > >
> > > Largest winning trade $40,000.00
> > > Average winning trade $6,123.97
> > > Ratio avg win/avg loss 3.21
> > >
> > > Max consec. Winners 7
> > > Avg # bars in winners 59
> > >
> > > Max intraday drawdown ($57,690.00)
> > > Profit Factor 1.66
> > > Account size required $57,690.00
> > >
> > >
> > >
> > > Open position P/L $1,590.00
> > > Gross Loss ($1,863,330.00)
> > >
> > > Percent profitable 34.01%
> > > Number losing trades 978
> > >
> > > Largest losing trade ($18,500.00)
> > > Average losing trade ($1,905.25)
> > > Avg trade (win & loss) $825.34
> > >
> > > Max consec. losers 12
> > > Avg # bars in losers 16
> > >
> > >
> > > Max # contracts held 1
> > > Return on account
> > >
> > > 2120.21%
> > >
One side project is converting the language and system of wealth-lab
into something useable on linux. So far I have a fully functional
translator that converts the wealth-lab language to perl. Next I
code their underlying routines and indicators, the build a gui
interface.
Mike
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