Meeting your OBJECTIVES.
Posted: Sun May 04, 2003 6:37 pm
Hi all readers ( yes you too who still didn't register)
I started the new subject "Meeting your objectives" because I couldn't find so much attention about this subject. I see so many text how to test, what system is good, better, best. All kind of dynamic en creative MM rules. And almost everytime I see that all kind methodologies are in some way good, better, best profitable. But it seems if the researchers are not satisfied enough, making more adjustments, new techniques in MM rules and programming. Although I think that it is very good to test and improve your system, I miss their "startingpoint" for testing and simulation. What is their goal? What is their mission? One time I saw some objectives of c.f. ( for the new ones> he is a tradingexpert and original turtle ) in his post: about the drawdown, ratio's etc. For me it is much more clearer if a trader tells his objectives ( I don't have to know your capital and other private things ) When you ( and the reader ) know your objectives, it is, in my opinion, much easier to test and improve your system(s). Let me tell you my objectives as clear as possible:
1. Trading 2 different long term trend following systems.
2. Trading high liquid future markets.
3. 25% average annual return on capital.
4. max. drawdown of 30%.
5. Surviving every year one worst case scenario on one of the future markets.
6. Max. drawdown of 20% of STARTING equity. ( I hope you understand the difference between 4 and 6 )
7. Do you suggest more that I was forgotten?
So, where to start? I don't have a system. I don't have Trading Recipes or Behold. I can't programming ( VBA, C++ ).
Is there a systematic/general approach? I hope many will response. Not to solve my current objectives, because everybody have to "profit" from the advice from the forum. I am very curious, I want to learn and I am open minded. I hope that also people response when they recognize the problem for themselves or don't agree at all with my vision.
I'm not writing in my motherlanguage so I'm sorry if it is not clear enough. If so, please tell me!
Thanks in advance!
Marc
I started the new subject "Meeting your objectives" because I couldn't find so much attention about this subject. I see so many text how to test, what system is good, better, best. All kind of dynamic en creative MM rules. And almost everytime I see that all kind methodologies are in some way good, better, best profitable. But it seems if the researchers are not satisfied enough, making more adjustments, new techniques in MM rules and programming. Although I think that it is very good to test and improve your system, I miss their "startingpoint" for testing and simulation. What is their goal? What is their mission? One time I saw some objectives of c.f. ( for the new ones> he is a tradingexpert and original turtle ) in his post: about the drawdown, ratio's etc. For me it is much more clearer if a trader tells his objectives ( I don't have to know your capital and other private things ) When you ( and the reader ) know your objectives, it is, in my opinion, much easier to test and improve your system(s). Let me tell you my objectives as clear as possible:
1. Trading 2 different long term trend following systems.
2. Trading high liquid future markets.
3. 25% average annual return on capital.
4. max. drawdown of 30%.
5. Surviving every year one worst case scenario on one of the future markets.
6. Max. drawdown of 20% of STARTING equity. ( I hope you understand the difference between 4 and 6 )
7. Do you suggest more that I was forgotten?
So, where to start? I don't have a system. I don't have Trading Recipes or Behold. I can't programming ( VBA, C++ ).
Is there a systematic/general approach? I hope many will response. Not to solve my current objectives, because everybody have to "profit" from the advice from the forum. I am very curious, I want to learn and I am open minded. I hope that also people response when they recognize the problem for themselves or don't agree at all with my vision.
I'm not writing in my motherlanguage so I'm sorry if it is not clear enough. If so, please tell me!
Thanks in advance!
Marc