Trading System Junkyard

[oxusmorouz]

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

How do you mean?

 

[vvvv]

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]

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]

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]

How do you mean?

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

 

[beginner_av]

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]

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]

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.

 

[raosrinivas]

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 ....

who ever have written that, they don't know the for loop

 

[beginner_av]

who ever have written that, they don't know the for loop

whats wrong with the code? thats an optimized (economical) nested statement. Why dont you show your great programming skills and use the for loop to write the code in fewer lines?