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IDCC and since it traded less than a million shares today I don't have any opinion on it one way or the other. But it sure has a huge following.... all of them RB'ers it seems.
grub
Amateurs open and professionals close. Today the pros were bullish enough they let the amateurs keep their profits ... for now <g>
I've just observed a huge influx of people holding the same stock. It makes me wonder if there's anyone left that hasn't already bought it other than me.
I hate begin late to a party.
"forecast what the next price would have to be"
Isn't that a simple logic problem? How many variables change daily? Likely 2, the average(midpoint,12) and the (midpoint - average(midpoint,12)) otherwise known as the deviation factor? Then perhaps you're averaging the last 12 deviation factors also I suppose?
Where are you having problems with the algebra other than by thinking Excel's solver function is the solution? Have you tried working it as a simple math problem?
test
LOL
No but I might share some original thoughts on market dynamics.
GRUB
(1)When running 4 daily red candle studies, I allowed OPT2
to range form .5% to 20% in .5% steps.
That was obvious but you missed my point that your OPT2 was never triggered, hence there effectively wasn't any price based stop. Also, it would behove you to look into something other than percentage stops, preferably something that adapts to current market conditions.
For now, I would suggest coding OPT2 as an indicator and plotting it so you can see it's not being triggered.
Regarding OPT4, 5, and 6. I'd already suspected there wasn't much to this beyond curve fitting rules that aren't related to market dynamics.
All that being said, I still admire your enthusiasm for system development.
Regards, MM
Judging by the result table you published I'd say those OPT2 stops were rarely if ever hit. At least not for the variants at the top of your table that exhibited the best results.
If you recall the system you presented a few days ago that I said looked like a counter trend strategy ... then you might remember the comment asking about several places where the chart showed huge drawdowns. Yet the system itself had phenomenal results. I don't recall precisely but it was high enough that I questioned how it could perform like that with those errors or lack of stops at points where it was obviously running with the wheels off.
I like your idea of using both time and price based stops. I think you'd benefit by rethinking the dynamics behind OPT2. There aren't any dynamics to it currently.
Best regards, MM
"It is a perfect fractal."
If the market was a perfect fractal then trading could be as simple as predicting the color changes of adjoining squares on a checker board. There are more complex fractals than a checker board but they all repeat consistently and use consistent rules whenever they morph. Every perfect fractal has an algorithm as it's basis.
The market isn't a perfect fractal but parts of exhibit fractal behavior sometimes.
yeah
lmao
grub
~~~COMPX 01/03/2003~~~~~
Close-1384.85
1412 MM
It will get real interesting if the comp takes out 1392.58 ...last weeks high.
(4)OPT2=Max % loss in OPT3 days.
(5)OPT3=Days the trade is allowed to stay open.
Is OPT2 a percentage stop loss?
if you stick with it eventually you gain an insight into the dynamics that work.
~~~COMPX 01/02/2003~~~~~
Close-1335.50
1322 timhyma
1346 AKvetch
1350 NoMoDo
1362 MM
"I swear I read somewhere that someone was using multiple aliases."
Maybe you read it here? #msg-291882
Did you optimize any parameters to fit QLGC? What time period does the test cover?
Congratulations Chas!
Congrats AK!
LOL
Cool new thread!
retest
~~~COMPX 12/31/2002~~~~~
Previous close-1339.54
1301 timhyma
1346 AKvetch
1350 Churak
1355 WTMHouston
1367 MM
HO HO HO <g>
Nice second Phil!
Congrats Churak!
What do you suppose caused it?
recycle
put what?
loop