Trading System Junkyard

beginner_av · #41 18th April 2008, 06:40 PM

Quote:

do you want to say that only those 10 peoples are making money consistantly from the market.. i hope you are also in the group.

your bovine excreta is always welcome, specially after seeing your pic! enjoy buddy.

beginner_av · #42 18th April 2008, 06:41 PM

Quote:

Originally Posted by kkseal

The beauty of Oxy's suggestion is that you get these 'tips' right from the horse's mouth - the mkt.

Regards,
Kalyan.

but there's no point in locking the stable after the horse has escaped.

oxusmorouz · #43 18th April 2008, 06:54 PM

Quote:

Originally Posted by beginner_av

but there's no point in locking the stable after the horse has escaped.

How do you mean?

vvvv · #44 18th April 2008, 06:54 PM

Quote:

Originally Posted by dhakkan

Hi... sorry I put my foot in this thread unknowingly....
I am a pro in software ..but a novice in trading .. I am putting what I understand... If it does not makes sense .. please ignore.

What is a system:
A system is a predefined process which can be executed without the need of decision making on the fly.
Hence once designed can be given to other people who can just routinely execute it, without getting blamed for the losses..

Lets take two environmental condition trending and non-trending. (there might be other conditions also)

In trending market Saint's system will work wonders.

But for non-trending markets, we need another system (I am still searching for one, though I think Asishda's method will work here.... ).

Here we need a decision making layer which can decide, which system to use based on reading patterns/signals.

Example : few days back Saint said, avoid suzlon.. Now here he is himself the decision making layer. Saint is looking at the charts and deciding if the system will work or not.

I was suggesting, another layer which will keep on looking at charts and gives a go ahead to use the trending or non-trending system.

saints system can also be interpreted in a different way.the last pivot highs & lows also act as imp support & resist levels.thts why he is buying above the pivot high i think.
pls see attached chart of acc from JAN. there is no trend but u have the last pivots acting as support & resistances.check out the candles at the top pivots.the beauty of saints system is tht u look at the pivots & instantly identify ur nearest support & resistance levels.the pivot point system was always there.but his explanation has opened up another window thru which u can view charts.u can easily do sum swinging betwen the last top & bottom pivots.
can u create a mechanical system on tht.maybe u can but wud any1 share tht??? dont know

dhakkan · #45 18th April 2008, 07:00 PM

Quote:

Originally Posted by vvvv

saints system can also be interpreted in a different way.the last pivot highs & lows also act as imp support & resist levels.thts why he is buying above the pivot high i think.
pls see attached chart of acc from JAN. there is no trend but u have the last pivots acting as support & resistances.check out the candles at the top pivots.the beauty of saints system is tht u look at the pivots & instantly identify ur nearest support & resistance levels.the pivot point system was always there.but his explanation has opened up another window thru which u can view charts.u can easily do sum swinging betwen the last top & bottom pivots.
can u create a mechanical system on tht.maybe u can but wud any1 share tht??? dont know

vvvv,
Thanks for clarifying ... this looks great...

I am still learning my way though AmiBroker... once I am able to understand how it works... will send you what I could manage to code...

raosrinivas · #46 18th April 2008, 07:00 PM

all theory and no practical, i am looking forward atleast for some system even if junk ,
Buy if
like SMA(15) > SMA(25)
SMA(25) > SMA(50)

beginner_av · #47 18th April 2008, 07:15 PM

Quote:

Originally Posted by oxusmorouz

How do you mean?

Mkt can tell you the mkt condition after it is over. Thats why the empty stable analogy.

beginner_av · #48 18th April 2008, 07:16 PM

Quote:

Originally Posted by raosrinivas

all theory and no practical, i am looking forward atleast for some system even if junk ,
Buy if
like SMA(15) > SMA(25)
SMA(25) > SMA(50)

what practical do you want?

dhakkan · #49 18th April 2008, 07:17 PM

Quote:

Originally Posted by raosrinivas

all theory and no practical, i am looking forward atleast for some system even if junk ,
Buy if
like SMA(15) > SMA(25)
SMA(25) > SMA(50)

Have you seen this ...<http://www.amibroker.com/library/detail.php?id=724> .. its not a system...but its funny...can possibly be junk...

... its somewhat similar to what you are saying ....

oxusmorouz · #50 18th April 2008, 07:19 PM

Quote:

Originally Posted by beginner_av

Mkt can tell you the mkt condition after it is over. Thats why the empty stable analogy.

Maybe I haven't been clear in what I tried to convey. Shall get back to this first thing Wed afternoon.