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That's right, Rakesh. As a result, results will
often not be accurately reflected by a mechanical
evaluation.
Bill
----- Original Message -----
Sent: Friday, October 27, 2006 1:01
AM
Subject: Re: [amibroker] Re: seeking the
following in a trading platform for a Woodie's CCI trader
To the extent I have been able to understand, Woodies is more
of a method,
rather than a system where objectively laid out criteria can be applied.
Success is as much a function of the trader's competence in
understanding and applying the method(not system) as it is a function of the
trader knowing when there is a higher probability of a particular pattern
succeeding. The fact that it is hyped up to the extent it is, is
probably because novices gravitate towards it hoping they can gloss over their
own shortcomings and achieve some measure of success.
R
On 10/27/06, Fred
<[EMAIL PROTECTED]>
wrote:
It's
not about discretionary .vs. system trading ... I have every
respect for
those who are successful with some form of discretionary
trading
...
However, when I hear of a particular method where the experts
state
that there are definite rules and the rules are written and
applied
via AFL or ELx or whatever and the resulting backtest is a flop
and
then the experts then state that the rules can't be backtested
I
become more than a little suspicious.
--- In [email protected],
"wavemechanic" <[EMAIL PROTECTED]> wrote:
>
> I wouldn't knock
Woodies (or any other) approach. I know a couple
of traders
who have done very well following in his footsteps. I
never
got comfortable with it but there is always more than one way
to do
something successfully (e.g., system vs. discretionary trading).
>
> Bill
>
> ----- Original Message -----
> From:
"Fred" <[EMAIL PROTECTED]>
> To: <[email protected]>
>
Sent: Thursday, October 26, 2006 8:41 AM
> Subject: [amibroker] Re:
seeking the following in a trading
platform for a Woodie's CCI
trader
>
>
> > Woodies is like being on a Jim Jones
trip ... now drink the
coolaide
> > boys and girls ...
>
>
> > --- In [email protected],
"scourt2000" <stevehite@> wrote:
> >>
>
>>
> >> Tomasz,
> >>
> >> I
apologize for my outburst like this. It just burns me up
>
>> sometimes when I know how powerful your product already is
and
how
> >> people come on this board and want the moon put
into a $229
price
> >> tag.
> >>
>
>> Next time, I'll just curse to myself and ignore these kinds
of
> > posts.
> >>
> >> Steve
>
>>
> >> --- In [email protected],
"scourt2000" <stevehite@>
wrote:
> >> >
>
>> >
> >> > Dennis,
> >> >
>
>> > What are you trying to do? Suck the life force out
of this
group
> >> and
> >> > leave it for
dead? Maybe you were some powerful guy in the 9
to
>
>> 5
> >> > business world where that kind of detailed
delegation of
> >> > responsibility got you fat bonuses, but
I would hope that
> >> technique
> >> > doesn't
fly in the trading community where no one owes you
> >>
anything.
> >> >
> >> > I have lost a couple
of trading buddies to "the Woodies CCI"
and,
> >> >
unfortunately, by the time I saved myself from it, they
already
>
>> had to
> >> > go back to their 9 to 5 jobs in order
to put food on the
table.
> >> [I'm
> >> > not
joking]
> >> >
> >>
> >
>
>
> >
> >
> >
> > Please note that
this group is for discussion between users only.
> >
> >
To get support from AmiBroker please send an e-mail directly to
>
> SUPPORT {at} amibroker.com
>
>
> > For NEW RELEASE ANNOUNCEMENTS and other news always check
DEVLOG:
> > http://www.amibroker.com/devlog/
>
>
> > For other support material please check also:
> >
http://www.amibroker.com/support.html
>
>
> > Yahoo! Groups Links
> >
> >
>
>
> >
> >
> >
> >
> >
--
> > No virus found in this incoming message.
> >
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> > Version: 7.1.408 / Virus
Database: 268.13.9/490 - Release Date:
10/20/2006
> >
>
>
>
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