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PureBytes Links
Trading Reference Links
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Forgot to say if you klick on the WLWorth you see his current holdings and a
trade history there. Here is the link for Gary:
http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/holdings?user=garylynn
Volker Knapp
Wealth-Lab Inc.
http://www.wealth-lab.com
http://www.wealth-lab.de
++-----Ursprüngliche Nachricht-----
++Von: Ian McVicar [mailto:icm63@xxxxxxxxxxx]
++Gesendet: Donnerstag, 13. Juni 2002 00:49
++An: omega-list@xxxxxxxxxx
++Betreff: Re: Vantage Point Software
++
++
++NN how to judge them
++
++1) NN be should only be judged on how they predict market
++changes in trend.
++2) It is easy for NN or linear regression for that matter to
++predict a current
++trend to continue.
++
++When one claims 70% to 80% success in picking the trend with a
++NN you will find
++most of the trades are continuation of the trend, rather than
++picking turning
++points. I think that you will find NN success at Vantage point
++picking turning
++points close to 50%.
++
++Conclusion: Unless NN has 70%+ of picking turning points it is
++a waste of
++money. If you buy it for trending trades, then that is a an
++expensive option,
++might as well use moving averages. The best NN that can pick
++turning points
++(which is a major NN hill to climb, and you would get huge NN industry
++recognition as a man with huge skills) would not be on the open
++market for
++sale. The NN would be be making millions for some individuals
++or institutions
++some where ? Also the would be very short term trading positions.
++
++Have a good study before you spend your funds.
++
++Another point when you see a NN demo, beware how timely the
++data is relative to
++how they get there forecast. In real life the data they use, is
++never available
++before the event they wish to forecast.
++
++
++
++
++
++http://www.sold.com.au - SOLD.com.au
++- Find yourself a bargain!
++
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