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Hello ,
>> DIRTY DATA + GOOD SYSTEM = LOSS
>> ( you can't take Ferrari off road , won't work)
not that i don't like perfect data as much as the next person. but if
good data is necessary to make profits - how then would you explain a
system like oddball which uses data from not only a different series
than the one being traded but a different exchange as well?
some "expert" one called the other day to "tell me" ask me if i had
considered the effects of the week of triple witching. he dictated to
me that he had a policy of setting out of the market during that week.
supposedly the market will treat you nasty and whip around taking all
your money, making systems wither into crap.
i kept asking how can oddball be manipulated when it does not even get
its signals off the market it trades? if the conspiracy is that big,
that you can get every trader in the world to agree to something then
enlighten me. i think the model will survive as is because it's as big
as the market is. plus the gut wrenching it puts you through
eliminates most would be users.
besides while everyone is looking at historical validation of
performance, i would "stupidly" suggest that superior minds "read
computers" suggest that some pilots may be jockeying time machines
which in retrospect the public may rationalize as self fulfilling
market behavior and continue to be blissfully happy as the public
often is. if you know what i just said then you are smarter than i ;-)
--
Have a Great Day, Mark
http://www.markbrown.com
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