This is a very cool Commentary. It definitely proves that when the original founders die, then the kids loosen up as far as taking input. In the olden days all the marketing and education department could say was they "saw it happen". I was very fortunate. How I asked them to load it to get the 60+ on the Sharpe, they deleted after the second testing. Whew!!! You need reports. First, promise to not hand you thesis to these potential providers. Go get a 30 day trial and learn all there is to know on the platinum v6.4 level of TN of Genesis. There are several problems you cannot overcome with the data as displayed. You will not realize this so just do the reports. Click on reports and then do some experiments.
(3) is three tabs on one page. I write stuff on the tabs. Go to the Ansys website. Next get an interview for an internship. Allow them to send you checks for getting your PhD done. In mathematics, to solve problems you create criteria, filters, formulae, rules, and strategies. All of these can be optimized. You have built a model for handling these kinds of ingredients. As we both notice, there has to be a beginning. To find the beginning a person needs to consider the foundations of various types of mathematics. I am hammering on you to begin to consider more than the dependent variable. Do take the time to notice the other input you are getting. these people here in ET have a common element of Fear and anxiety. Some even lead with anger. In the financial industry, everyone has taken a shortcut to not be successful. All this wasted motion is done with the dependent variable. So nothing is succeeding by the standard of the performance of the market. The full offer of the markets. In mathematics, a person plays with the independent variables to get the optimum out of the dependent variables. You have built shells to be able to do monitoring and analysis of the variables that make the market tick. These are indirectly obtained by looking around at the financial industry. At a portfolio operating level its ouput is the dependent variable results. Namely price change to extract the "offer". You did focus on undervalued instruments. My focus was to define the relationship of the independent variable and how it completely defined the dependent variable. Ansys is an example of using the relationships in physics to get the best result of a construction to serve a purpose. You are doing Ansys from the vantage point of the operation of the financial industry. The financial industry is very broken and not like the Laws of Physics. I spent a little time 55 years ago to find the relationship of the independent variable and the dependent variable. If I had a platform that works mathematically, I could make it work as an ATS. Platforms have not caught up with mathematics as yet. No problem; I just code what is there and notice the specific failures and work around them mentally in real time to take the full offer. You have designed a tool for business people in the finacial industry. It keeps working since it is possible to adjust it within a part of regular business hours. Everyone who is smart will use it to further their operations. You are advancing the state of the art. My goal that was achieved was to be able to take the full offer of the market all of the time. I do this by having a leading indicator of price that gives a signal for each information group. I am going to do another demo for this perfomance level as 2013 unfolds. I will take 50K and turn it into 2.5 million four times in succession. Then I will go away. The market has but one paradigm. This defines and connects the variables and dictates their measure. A deduction can be made from the "nature" of the markets according to economic and econometric theory. That is, markets cycle. Their cycle halves are symmetric in operation. That is the same natural effects are in force for rising as well as falling markets. We all maintain a neutral bias as a consequence. A person has to reason through how and why markets work. The answer is Behavioral Finance. You are modelling human behavior in the market place. You are providing a real time expression for the ripples, waves and tides of the market place all based on collectable information and information theory. I was a fly on the wall during significant times of discovery. Braithwaite and Mandelbrot brought a lot to bear on what is what. Luckily, I was made an MTS while in grad school and as an emnployee of BTL. They let me skip Kelly College. Then IBM put me through Theoretical Physics to tune up my brain. So look at the human "nature" of large systems. They are noise free, have no flaws, and there are no anomalies. People who think these things exist have not completed their walk down the path. To avoid Einstein's definition of insanity, please consider how all the pieces always fit together the same way. The independent variable is people who determine how and why the dependent variable (price) behaves and operates in the market system. You MUST discover the pillars of the system and then use them to form the dynamic of the system. Systems Analysis has a structure. Within the defined structure a process ensues. Notice that the process going on in the system produces results. The goal is to have these results by effectively and efficiently extracting the offer of the system. All humans have automatic detection systems. In ET, all you see is persons with fear, anxiety and anger. This is from a long long highly developed heritage dedicated to survival. Watch how the fly overs regard you. They are like a comet that will not return. Iterative refinement is how BF works. For me, I got noticed and then those around me kept sending me to places to get more and more tuned. Now at 80+, I am just goiing to present a demo of what it is like to take the full offer of the market by using Science and mathematics like never before. The neat thing is that I will be called the usual: unbeliebable. It is so cool. Today, I finished the total gating system for being able to measure the independent variable. I did the measurement system previously so now all I do is plug it in mathematically to the extent currently possible.
A few questions to make me understand: 1. What is "platinum v6.4 level of TN of Genesis". Do you have a link? Google did not help me with these words. 2. What do you mean with "writing in the tabs?". Where should I read what you write, since you made no file available for me? Maybe you forgot to add an attachment? 3. What does MTS mean, which you had become? 4. What company is BTL? I don't know that acronym either. :/ 5. What is a Kelly College? Never heard of it. 6. What is BF, which works by iterative refinement? Maybe you could introduce acronyms by defining them the first time you use them? This would make the reading a lot easier and avoid such questions, thanks. And now to the comments: - I don't know if it is possible to build this on top of Trading Blox. Though if it is possible, it would save me a lot of time because I don't have to build that platform from scratch. They already provide most of the stuff that is needed. Maybe they are open for cooperation. If not, I have to develop that platform myself. The thing that makes me skeptic might be their method of splitting building blocks and not allowing interdependencies by isolating these rules strictly. - Ansys sounds interesting. Thanks for the tip. I investigated their offerings and I don't think I have the qualifications for an internship in a physics research team. The subjects I know are information technology, finance and customer loyalty. So it seems not to be a good fit right now. Though I am interested in a PhD sometime in finance/information technology. - Your goal seems to be taking the most amounts of profits as possible from the markets. This is quite an ambitional goal, but with your experience only you can tell. - ET is no exception from my impression that forums are mostly there to argue about things without accomplishing much. This is why I don't like forums and keep my involvement in them very low.
I've added a reference to visual pattern designer where I mention neural networks. Also I have added a reference to Trading Blox in a footnote in the beginning of chapter 3.3. I also looked at it a bit more. It is sad that it focuses on end of day data, does not provide connectors to brokers and does not support running the backtests in a cluster of computers. As I think more about it, a feeling solidifies that their API with their coarse granularity of strategy building blocks will not suffice to facilitate automated strategy design. These things make it less attractive for me. :/ Though I am still eager to get their response on what they think about it.
Some past era's were important for advancing research. In the US, The hard wired era was very important. AT&T (American Telephone and Telegraph) did research in a wholly owned subsidiary called Bell Telephone Labs. The transistor was invented there, for example. BTL ran a college for their new science and tech employees; it was called Kelly College (Named after a CEO). This prep for lifetime employment was regarded as speciial. The tenured psition at BTL was Member of the Technical Staff (MTS). BF is you future field. Behavioral Finance home page explains how improving trading and investing is done by iterative refinement. Essentially you have invented the iterative refinement machine for the Financial Industry. But your beginning point, undervalued stocks, is only one of the "methods" used by some organizations in the financial industry. You are very correct to begin somewhere. Making money using undervalued stocks does attract passive capital and so such businesses do usee huge capital bases to make money. The profit rate is in a range that satisfies these passive investors. To build the most versatile machine is a big task. So no one has done it. You do have a lot of building blocks and you are using shells (a heirarchy) and a refinement approach. Blox has a modular way to handle the logic theory. You are focused on information and data from the businesses of the financial industry (IV). Markets also provide MP. MP is also related to another market variable. Functionally MP is the dependent variable and Volume (V) is the independent variable. Your TA factory deals with this. An objective for Financial Industry businesses could be to make money for passive clients. Optimizing this revenue stream could become important in the future. The calculus of maximizing income for non continuous functions can be done with the Blox ingredients. All that is needed is the relationship of the independent variable and the dependent variable. In my example to you of Blox, all I did was explain how to combine logic using a flow sheet. Then they ran an annual test of the NAZ100 to get a report. One line of the report was the Sharpe Ratio. To them and to most peple it was "unbelievable". All I am doing is conversing with you, using your thesis as a common interest. I am mentioning various "inventors" to you. These people came up with parts of the solution. The reason why no one has put together the system is that they are thinking just like everyone else. To see the solution, a person needs to cross the two variables. Then there are cells in which to put Blox criteria, filters, formulae, rules and strategies. Trends form as halves of cycles. If you use a HS and its PM. Hypothesis Set and Parametric Measure, I am sure you can see the pattern of the cycle and the halves of the cycle called trends. This cross of two variables forms what is called a Jokari window which I spell wrongly on purpose to track those who steal from me. Spell Jokari as Johari. Volume and price are measured as required. Volume either increases or decreases. But Price either trends (a process over events) or in a moment the trend "changes" from one type of trend to another type of trend. Use long and short for Price trend names. Fill in the path of the cycle. Notice where the path crosses the lines of the cells. What is filled in for the cells is what is going on. By reading the path a person extracts the whole and full offer of the market. All of this is "set theory". Elsewhere over and over, I have posted the elements of the sets. Also I have named sub sets and their constituents. Thus, Java does not turn out to be the coding language for market operations. A System is involved. (an operating market with two variables) The System is Managed. A DataBase is the information that is Mananged. The information has to be stated in Relative terms. All together this is named: RDBMS. The system elements include 10 for Price; 11 for volume; and 35 for "change" from one half to the other half of a market cycle. The 35 are divided into ten sub sets. Most people look at other people and apply a standard to make a judgement of the other person. So my input t you is not important because I do not fit the standard used in the Financial Industry. I do not fit the standard used in science or industry either.
Ah, this clears things up. Interesting, I guess you can only see this type of engagement from companies to their employees in Japan today. BF (http://www.behaviouralfinance.net/) is a nice website, I will lurk around there a bit. Maybe I can find a paper I can reference on the subject of EMT I write about. It also fits my views on the markets better. Thanks! You are right, undervalued stocks was my starting point and a good boundary for the thesis to make it easier. Though my aim was to provide a concept that works with any strategy style that has potential to be automated to some degree. The JokariW is something I learned about in personal management as a tool to understand ones own perception of him and the people he knows. I am also familiar with set theory and RDBMS. I would say most good conversations and friendships build upon common interest and doing things both parties enjoy. Instead of Java, C++ and C# seem to be the main languages of the financial industries platforms. And they themselves add huge amounts of individual DSLs (domain specific languages) that also shape the financial industries. My decision for Java comes from a personal grudge agains microsoft and windows. And I think it is a good idea to use *real* platform (operating system) neutral development stacks. Not the platform neutrality microsoft talks about with Win2k, WinXP, WinVista, WinServerXYZ, Win*. And I hate proprietary solutions... Java provides a much larger set of open source frameworks that form the basis for the software product line platform (SPL-platform) I have developed on which the platform described in the thesis is built upon. Last time I counted I used ~110 open source frameworks to get leverage in development effort. Without these frameworks, building the SPL-platform would have taken much more than 1 year and no one could use it because it would provide a much too steep learning curve because of me inventing the wheel again everywhere in there. Instead there is documentation available for most of the components online. In the following are a few screenshots of a spreadsheet where the most important of these open source frameworks are listed: http://invesdwin.de/public/invesdwin/invesdwin_platform_1.png http://invesdwin.de/public/invesdwin/invesdwin_platform_2.png http://invesdwin.de/public/invesdwin/invesdwin_product_webproxy.png This excludes the financial products I have developed. In the financial domain there is a lack of open source frameworks that are useful, so I have to write a lot more code myself there. I would not say that non-standard input is unimportant. To have success with something it is required to do things different from everyone else, because what everyone else does, does not make them successfull (from what you can see when looking at them). Those people who are successfull don't follow the crowd, instead the crowd follows them. By spreading your knowledge everywhere in pieces it is very hard to follow you. It would require a team of dedicated researchers to uncover your secrets/pieces in the future and align them correctly to understand the knowledge you have aligned well in your mind. There are already people who have tried this on you (you can see discussions about this when searching your name on google, which you are surely aware of). A good teacher of mine explained the difference between a good grade and a bad grade, for which I have created a crude picture that helps to explain: http://invesdwin.de/public/grade_cone.png The teacher provides the students with knowledge pieces and gives them the methods on how to align them and structure them to gain a very good understanding of the subject. The students grade is aligned with how well they have structured the knowledge pieces in their mind. The teacher helps his students by providing the knowledge pieces in the best possible way that makes it easiest for the students to grasp it. Making it easier involves giving lectures, providing a script, giving them learning tasks and coaching them. This also is what distinguishes a good teacher from a bad teacher. A good book distinguishes itself from a bad book being well structured and easy to understand. This is important for most people, though sometimes doing more work to understand it gives a great payoff by important knowledge gained. Though this important knowledge could also have been provided in a better structured way maybe. This will also be a criteria for my thesis. I was bad in that regard with my first thesis because it had only a weak red line, thus in this thesis I worked on it to make the red line very clear (I hope I succeeded in that). I don't know enough about you (because I got to know you here some days ago), but from what I can see you like to make it a bit harder for your students and the people interested in you to follow your teachings. Surely any student of you would appreciate something that makes it easier for them to get a better grasp of the knowledge that is inside your brain, the neural network only you can decipher. With that you could define a new standard in the financial industry. Because a standard is defined by many people following a specific paradigm that thus becomes the standard. Have you considered writing an auto biography? I think not only me, but many people aswell would be very interested in your story. You can make it as short or as long as you please and decide for yourself how you publish that (from a forum post to a book). I guess writing one is not much different from writing anything else, one just has to spend time on it regularly (depending on the size of the text). If you already have works published or unpublished, maybe you can make them accessible?
Tha braced numbers in: "For my convenience I tabbed one version of your thesis. See pages: 23, 26, 30 (3), 42, 45, 47 (2), 53, 61, and 69." Also do not align with the numbers in the picture you attached: "the independent variable volume.png" http://www.elitetrader.com/vb/attachment.php?s=&postid=3758646 I think I don't understand what you mean with "tabbed" either. In my eyes tabbing means pressing the tab button in a pdf viewer for instance. Though it depends on the viewer if it does this and it depends on the zoom level how many lines it jumps in the text. Also there is nothing I can read that is associated with tabbing and your texts. :/
I have added a reference to behavioral finance in the footnote where I reference EMT papers in chapter 2.4.1. Thanks for mentioning it!
I'm sorry I made this difficult for you. I am stocked with several kinds of page markers. They are sticky on one side and protrude out from the pages I stick them to. I call these "tabs". Your tabs are in computers and specifically in coding pages as remiinders. My world is the paper world so I have desks in all directions and a bank of computer screens. Behind those are walls of documents and further away are rows of file cabinets. I am producing logic as flow sheets and I illustrate markets to test math of the platforms I use. The platforms have hazards as usual and I have to do "workarounds" to make them functional (or then I give up and move to an new platform). In the US we test students with aptitude tests to have a common relative measure of students. Personally, I felt this was not a good idea since it implied "competition". My response was to have students get scores at the top end of the smoothed scores. So , on average they "moved" and this became very visible to folks who compared them to their peers. The average "apptitude shift over ten years was 1.23 sigma in a 6 sigma gaussian. The ETS testing service determined this was "not possible". The mind was what I had to work with for "moving" aptitude from one place to another. The scoring was where the opportunity was found. The testing service cured the random answer problem by making scoring neutral for random answers and multiple answers. All I did was change the question and answer circumstance for students as they spent time with me. This made their mental growth (scores) not follow their physiological growth (age). I shifted their IQ's to a place where they chose the college instead of the college choosing them. My agreement with administrators was to take students least desired by other teachers. Parents, all who paid and were socially prominent, did not like this arrangement since a goal was to get into the best college. (I declined faculty positions at Jung and psychiatry at Mich) Also, I did not have a requirement to have a job. So you are unusal and perceptive. My illustration is incomplete and focuses on the "oppotunity to "use" the independent variable to make all income possible on thedependent variable. One of the four pillars is shown remarkably well in this illustration. Suppresson is the pillar. Here is it's basis. If money making is not possible or not going on, then the market cycle is not advancing. If the computer proframming does not provide suppression, then measurements are made which "lead" to erroneous surmizes. This is what you, potentially, can discover and put into practice for the financial industry. What you see in the illustration are the means by which to "gate" permission and to "kill" permission as a failsafe orientation. The dependent variable "telegraphs" to the independent variable just when the independent variable is used to take the offer from the MP. You filter the Universe of stocks, to get virtuous undervalued stocks. (you throw away non-virtuous undervalued stocks.) Then on a different shell, you assess to some extent the "money making" potential for the near future. This part of the market cycle commences and you daily proceessing keep track of what I illustrated. Forme, I just fill in the bar-by-bar (on any fractal) the trend progress from the beginning End Effect to the ending End Effect. The independent variable is where the sucession of events is measured (given permission) for a trend. The succession is figured out once and for all. Then the known market succession is used to test the independent variable. At End Effects I do reversals and when trend "contuation" is happening, I just hold to accumulate the market offer. The absense of a failsafe measured continuation (subject to permission) is an End Effect. Look in your thesis for "suppression" as a pillar; look harder to see where it is omitted.