I will weigh in as a vendor, even though you asked for non-vendors.
First of all, I am not critical of the indicator. I think it is worthwhile. I trade my own account exactly as the signals I send into C2. The entries and the exits are the same (+/- .10 slippage). The indicator is something I am going to track going forward to make myself a better trader. I have no problem with the indicator and think it can be valuable for vendors and possible subs.
But the problem no one seems to address is the problem I have posted about. Bad DD data. With bad DD data, the indicator is useless unless all vendors are aware that the DD data can be bad and they request a “fix”. But then we have MK taking time to fix the bad DD and he could be doing other things worthwhile to better the site. Everyone is ignoring this possible problem. I have already documented how many times the DD was wrong in my system and another system in just the last couple weeks. The DD figures are sometimes way off!
Get good DD data and it is a good tool to utilize. A good indicator with bad data as an input is no longer a good indicator/stat.
Until the DD data problem is addressed, the stat should not be shown on the system pages. Perhaps the DD errors are a recent problem. I don’t know.
>>This indicator is very narrow minded and assume all systems manage risk on a trade by trade basis and ignore the fact that other systems manage risk on a portfolio based level.<<
Very well put. Precicesly the point I was making earlier.
> but the problem no one seems to address is the problem I have posted about. Bad DD data. With bad DD data, the indicator is useless…
OF COURSE, but ALL indicators are useless with bad data! Why do
you suggest it’s only a problem for “the” indicator?
I suggest you contact MK with details privately when you find bad data.
David Lindq
If you mention my system I think I have to say myself about it. (Anyway I enjoy the conversation from others)
Tango - .24
Few times I publicly admitted/confirmed that Tango is very high risk system. I repeated it to any new subscriber. So the indicator correlates with my own personal opinion about my system.
Here are just a few of many systems that use a methodology of having multiple positions open at once
Correct. Tango is trying minimize a risk by diversification/small position sizing. However, I’m pessimistic person and sometimes all the tricks doesn’t work in some new market conditions. Simply it doesn’t work and you have full portfolio with total junk at the moment. It might happens once per 1-2 years, but it might be enough to wiped you out.
So… Even if I see Julies stats as more professional work, Ross indicator is good red flag from my point of few.
I agree it has a lot of flaws, but as addition to stats, why not? You just have to compare it with other stats if you have any doubts about a system.
Eu
P.S. And I like the name “Hope and Hold”. It’s very funny.
You have a habit of assuming what others say must be foundational truths, instead of opinions. Some of the things said were already debated above. You also put words in my mouth I did not say:
"although your indicator has admitted problems, there is no reason for adjustment because many indicators have areas of failure and limitations? You must be kidding. Right?"
I never said there is no reason for adjustment. What I said that you seem to be addressing was posted at timestamp 23:49. I said "I fail to see why this measure has all these flaws…The higher total drawdown a system has, the higher the risk and more problems it has. Systems that average down or hang on until trades turn positive, have significantly higher drawdown, than those that don’t. These kinds of systems are rampant here. " Everything is always open for adjustment.
And where is the needed modifications that YOU think should be made? People voice opinions. Everyone is entitled to them. But an opinion needs to be validated/verified to start modifying functionality. Everything done here probably has some percentage of people on both sides. I control nothing on C2. People contribute suggestions and make requests. MK needs to walk through these, and deliver what he thinks makes his business useful to his customers.
And the systems you me mention have already been well-argued in the past, about the value in them. Some like Big Cat are considered as scalping systems that are not realistic. A nice equity curve that does not guarantee a good system. That is the point of this and other indicators. Read the autotrading forums related to scalping in the past to get an opinion of what value they really have.
Your list of systems proves nothing. A list of systems and numbers is just a starting point. Saying they are low risk or high risk is unproven in your post. It is NOT enough said. You need to develop your argument into a highly-plausible scenario. Otherwise, your post is a list and an unfounded statement. You didn’t say anything. You are mainly talking and pointing to the opinion of others, packaged with some filler words “Enough said, If you don’t get the point, Where your system fails, Your personal biases”
