Wow, Mr. Hershey, you are obviously very sophisticated, wise and experienced. I won't attempt to understand all that you've explained here in this thread. Perhaps this would be an interesting topic all it's own? I would like to focus this thread on wether or not a mechanical system that backtests positively can be successful. I picked this system purposely because of it's obvious flaws. I am interested in evaluating the long term potential of mechanical trading. Mr. Hershey, what would your experience tell us about mechanical systems? Is Optimized Backtesting irrelevant? Too optimistic?
Jboydston, I briefly scanned the contents of your thread and I saw where you said that you would post the Tradestation perf. report, but I never saw it. I would be interested in seeing how this system performs on a long term backtest. Do you use TS 2000i or 7.0? Thanks, tah
No more trades? One thought I have continued to have - is that you have backtested this over this last bear market. Seems to me that during a bull (however slight) that you would miss a lot of the profit of the upturn - but quickly catch the small corrections..... Would you consider testing this on a perevious bull market and check the results. Make 'em pretty, Chris P.S. If I understand this, this is NOT a crossover system, taking trades when the 6 crosses the 63; but when prices penetrate those ma's? (bassocat5's indication)
How about this scalping system: tick chart enter long on every tick preceding four consecutive up-ticks enter short on every tick preceding four consecutive down ticks stop is not necessary take profit before the first tick in the adverse direction Any comments?
Sounds like a job for that guy in that spoof article - that when he was arrested on charges of insider dealing after turning $800 into $350m in 2 weeks claimed he was from the future (as featured in another thread)... Wouldn't that be a neat trick though. Natalie
traderkay, yes, I hear ya...I was kind of thinking the same thing. I never got a reply to my question to jboydson which is listed on the prior page. tah