Search found 37 matches

by redbullpeter
Tue Dec 28, 2004 9:48 am
Forum: Testing and Simulation
Topic: How Do YOU Simulate?
Replies: 7
Views: 5516

Dual platform

I've been using Wealth-Lab for the last few years and love it as it is a very quick and easy way to test ideas/concepts. However I've started to develop my own C++ platform based on ta-lib for more rigourous and extensive testing as well as more sophisticated ideas such as genetic algorithms and neu...
by redbullpeter
Wed Nov 03, 2004 1:59 pm
Forum: Stocks
Topic: what is the best web-based stock screener? Free or paid
Replies: 11
Views: 14949

Try wealth-lab

Try wealth-lab at www.wealth-lab.com You can run fairly complex rules and screen a wide variety of global stocks and run historical tests to check the robustness/profitability of your system. Also available are other trading rules developed and published by other users. And all for FREE! If you real...
by redbullpeter
Wed Jul 07, 2004 1:43 pm
Forum: Trend Indicators and Signals
Topic: Available Software
Replies: 8
Views: 7324

Maybe a FAQ would be a good idea?

Peter
by redbullpeter
Thu Oct 30, 2003 3:58 am
Forum: Testing and Simulation
Topic: Minimum number of markets traded
Replies: 3
Views: 3810

Ted,

Thanks for your thoughts. It turns out that that particular market set is the minimium set possible while keeping the performance parameters within my required limits. Gives me a reference point as I add more markets.

Thanks

Peter
by redbullpeter
Tue Oct 28, 2003 6:01 pm
Forum: Market Psychology
Topic: Are Stock Indices Different?
Replies: 12
Views: 21513

Kiwi,

The "secret" is in your observation. Think of retracements as mini-trends rather than a step backwards from the main trend, just a matter of scale really.

Peter
by redbullpeter
Tue Oct 28, 2003 9:35 am
Forum: Market Psychology
Topic: Are Stock Indices Different?
Replies: 12
Views: 21513

Hi, I've been working on trading systems that primarily trade market indexes. Since I am using a spreadbetting account I am able to speculate on a far wider set of market indices other than S&P 500, FTSE 100 and the like. The three systems I've developed trade on average once a week per market index...
by redbullpeter
Wed Oct 22, 2003 9:47 am
Forum: Testing and Simulation
Topic: Minimum number of markets traded
Replies: 3
Views: 3810

Funny thing I was about to post an identical question. I'm working on a system that is highly profitable on Nikkei 225, Hang Seng Index and FTSE 250. Using excel the correlation between the markets on a daily, weekly and monthly scale are between 0.33 and -0.33 for Nikkei/Hang Seng and Nikkei/FTSE25...
by redbullpeter
Wed Oct 22, 2003 4:48 am
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8673

It went pretty well. Keeping your words in mind I hit the execute button far more decisively than before. Of the 10, 6 of them I got at my stop level, 3 of them had upto 5 points slippage and 1 gapped my stop so far that it was not to traded. Having thought about my preperation, I've reorganised the...
by redbullpeter
Mon Oct 20, 2003 5:43 pm
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8673

I think the gods have it in for me! Just finished calculating all the orders for tomorrow and guess what?! 10 of them are going to have to be market orders. :lol: So I'll keep all your advices in mind, take a deep breath and follow the rules.
by redbullpeter
Mon Oct 20, 2003 12:52 pm
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8673

Thanks Ted, Chuck, Damian, for your responses. I recognize the value of what you are saying. When I first started trading I might as well have gone down the street and handed out wads of cash. It's now over a year and things are different. I've stopped bleeding cash, I plan my trades and I sleep wel...
by redbullpeter
Mon Oct 20, 2003 8:42 am
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8673

Ted, Possibly, likely. Unfortunately the broker I use is the only broker that quotes for the instruments I trade. I use a spreadbetting service in the UK which is technically a betting service and therefore the broker in legal terms is a bookmaker. They are a good proxy to real futures trading but t...
by redbullpeter
Mon Oct 20, 2003 7:51 am
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8673

I hate myself

I'm trading a mechanical system of my own design and it relies purely on stop and limit orders to open and close positions. However, a couple of days ago one of my stop orders was declined by my broker as it was too close to the closing price and market sentiment was such that it was likely to gap o...
by redbullpeter
Mon Oct 13, 2003 8:45 am
Forum: Trader Psychology
Topic: Technical analysts exhibit no skill in predicting.....
Replies: 7
Views: 7125

Technical analysts exhibit no skill in predicting.....

An article in the FT Weekend, where a researcher tested the ability of respondents to predict future price movements based on a given price series. http://search.ft.com/search/article.html?id=031011001313 Interesting but I don't think the conclusions can really be applied to mechanical traders even ...
by redbullpeter
Thu Oct 09, 2003 6:57 pm
Forum: Trader Psychology
Topic: A forum of your own to keep the stress down?
Replies: 4
Views: 5831

Gordon, An alternative to phpbb is yabbforum [ www.yabbforum.com ]. If portability is important then you may want to use yabbforum over phpbb. PHPBB uses a MySQL database for managing the discussions which means porting it to another machine involves setting up two seperate applications and migratin...
by redbullpeter
Sat Sep 27, 2003 6:06 am
Forum: Brokers
Topic: Interactive Brokers
Replies: 20
Views: 34761

Some breaking news.

Wealth-Lab Developer 3.0 integrates a trading interface with IB.

You can now leave your system on auto-pilot!

Peter
by redbullpeter
Thu Sep 11, 2003 5:11 pm
Forum: Testing and Simulation
Topic: Random Trades
Replies: 12
Views: 10914

Wow, thanks for the explanation.

I increased the iterations from 10,000 to 500,000 and the bias narrowed to insignificance.

Live and learn.

However, is there a condition where a statistically significant bias could exist asides from errors and deficiencies in the testing?

Peter
by redbullpeter
Wed Sep 10, 2003 5:35 pm
Forum: Testing and Simulation
Topic: Random Trades
Replies: 12
Views: 10914

Random Trades

Hi All, As a part of testing my systems, I ran a system that traded randomly, buying/selling at market open and closing at the end of the day. The markets are stock index futures. I noticed a consistent bias. Percentage win was 2.5% above loss and the bias was greater for long trades. I don't know w...
by redbullpeter
Tue Sep 09, 2003 6:57 am
Forum: Testing and Simulation
Topic: Deep Trader Experiment
Replies: 0
Views: 2926

Deep Trader Experiment

Hi All, Just chanced upon this website: http://grc.dukascopy.org/ Haven't had the time to really look in to it but it from what I can gather, it is an experiment to trade a synthetic market based on a combination of random, pseudo random and real market prices. The purpose in a nutshell, to see if t...
by redbullpeter
Wed Sep 03, 2003 9:54 am
Forum: Testing and Simulation
Topic: Complete systems
Replies: 1
Views: 3051

Try Wealth-Lab Developer: www.wealth-lab.com It has everything you ask for except 2D arrays. You can download and try for 30 days. The scripting language they use is based on Pascal and is pretty straight forward to learn, especially if you have prior programming experience. Version 3.0 is due to be...
by redbullpeter
Wed Jul 30, 2003 3:53 pm
Forum: Money Management
Topic: Trading several systems at the same time
Replies: 6
Views: 8864

In Ralph Vince's book Portfolio Management Formulas he demonstrated an example where trading two systems, one with a positive expectancy and the other with a negative expectancy, resulted in significantly improved performance by all measures. Counterintuitive but in this example it was due to negati...