I have to say, a good source of documentation about pullbacks and how they backtest is my new book: "Trade Like a Hedge Fund"
That is about right. When you have stated that you are doing your analysis the way you have never seen done before, I was trying to tell you that as long as you do your TA in 2dimensional mode, everything is just a variation of already known TA methods. So results will be similar . It is necessary to view market as 3dimensional creature to be able to do TA truly differently. I know that you are very knowledgeable and you might be one of a few who are able to try to understand that. Otherwise I would not even post it .
Here's a start for you pullback players. Let me know if it tests well on the SPX. Interesting implication for our current market scenario.
Hi opmtrader, I'm not quite sure about the vertical scale of your equity curve. You only show 5000. On more value figure would greatly help. Thx.
You know, It is funny that you should say that. I have an idea for just for using a 3D "view" of the markets. But every time I try to use some of my math background in anything but the most trivial way, the markets just hands me a bunch of losers in backtest. But I am getting better at it. Thanks for the kind words. nitro
I use pullbacks in my trading every day. That is how I spot where to place bids and offers. For breakouts I use something else. Here is a link for anyone who wants to see how I set up the pullbacks. http://www.trade-ideas.com/Config.p...pread=8&MinVol=300000&MinRV=1.7&WN=Pull+Backs You can click on history to backtest.
Nothing astonishing backtests have much chance to be bullshit for statistical reason as answered to another post here: http://www.elitetrader.com/vb/showthread.php?threadid=29108 Re: Confidence based on a couple O' points.... -------------------------------------------------------------------------------- Quote from amigasearch: Lets say you develop a system, that relies on, a certain theory you have (dont we all). -------------------------------------------------------------------------------- Not all theories are equivalent, if your theory is to use stochastic indicators you will have the same problem than with classical time series so that backtest will reflect the past and not the future so nothing astonishing that backtest is not reliable then. http://www.elitetrader.com/vb/showthread.php?s=&threadid=28808
Hey Gann, As you are saying something about my backgarden, I have a few questions. You say: " When it comes to scalping there are others (I haven't met a good retailed one but it can be programmed)..." OK. I follow you. If you say that a good one can be programmed, I understand you did this and you have it going with "good" results. How else do I have to understand your "can" be programmed? But why then the need to still acquire something that you know isn't going to work well? Indeed you say once more: "Well, let's say I get a scalping platform. One of the likely problems would be that it'll be very slow. And the data size required to test these will be massive. The database / network / hardware management would be critical and would requrie to have the software completely dedicated to the task, making it unefficient when you do the other kinds of tests...." What does a poor fellow like nononsense have to make of all this?