Ross, as MK said, Relax. Have a beer instead of the latte…Don’t you have anything better to do than to waste my time…
All of my older systems trade(ed) forex inaddition to futures and stocks/options. The evil APD indicator has lots of data and calculation errors for the forex market. I have complained to MK about this. Here is his latest reply:
Date: Fri, 23 Feb 2007 19:58:45 -0500
From: “Matthew Klein” <MK@matthewklein.org> Add to Address BookAdd to Address Book Add Mobile Alert
To: “Pal Anand” <palsanand@yahoo.com>
Subject: Re: INR Drawdowns
Pal: I don’t have a free second during the day. I have this on my list and will try to get to it as soon as I can. I promise I’m not ignoring you.
MK
Thanks for giving me the chance for explaining it.
"Don’t you have anything better to do than to waste my time… "
Funny statement from someone who confuses posts with Poetry Reading contests…
"The evil APD indicator has lots of data and calculation errors for the forex market"
I highly doubt this. The APD only calculates off the track record. The error would rest in the net profit and max drawdowns. And has been said by others, yes it is imperfect.
Many indicators here are imperfect. But factually, they are not targeted at any system (except of course, you may feel they unfairly target the Palsun collection). The APD and most indicators are very valid for comparing systems against each others. For the most part, data, max DD, and net profit glitches likely cancel out sufficiently across systems with enough trades that this is not a worry.
Since you like prose, go on tilting against windmills, Don Quixote…
You have never traded forex at C2, obviously. Nobody trades exotic pairs based on INR, SAR, NOK, etc., except me and maybe a few of my subscribers… That is why MK has low priority to fix errors caused by these forex pairs. Anyway, I don’t care, APD is a useless and stupid (evil) indicator as you agreed…
I see you wrote that you have subscribers. Pardon me but I have recently returned to C2 with a system that I have refined.
Could you enlighten me on what factors contribute to attracting subscribers and on average, how many subscribers actually subscribe to a system.
very green
" I see you wrote that you have subscribers. Pardon me but I have recently returned to C2 with a system that I have refined."
If Pal has subscribers, then hope remains for those that just got hammered in keeping theirs…
"Could you enlighten me on what factors contribute to attracting subscribers and on average, how many subscribers actually subscribe to a system. "
I think you are asking the wrong person!!! Pal attracts mostly the blind and the lint…
Each method has to be judged on its own merit. I have experimented with several methods (system + trading style + strategy) before finally settling with a system (Magnum) that was the result of modification and refinement of other older systems (Mosaik, Midas etc.,) to perfect the timing mechanism which was my key goal; In the past I tended to let losses run for too long a time (during which time the method is in test mode) in order to unearth the key factors involved in the timing. Once timing mechanism has been perfected, then the next step is to refine money management which differs when one uses a different strategy (stocks, futures or combined forex and futures (hedge) etc.,). The next is mind psychology to identify the key factors at work (hope, fear, greed) on the trader and to control them.
Once these 3 (Method timing, MM and Mind psychology) has been mastered, one would have a great method that gives the trader a definite edge regardless of which market he trades. The rest is up to the market…
A lot of vendors scalp (cheat) and get a lot of subscribers in a short time, but those subscribers disappear along with their real accounts after a while. The key is to use a good filteration system to identify good methods and base their final selection on true concepts like Profit Factor, Sharpe Ratio etc., and discard false or stolen concepts like APD ratio, Max. open drawdowns etc., and its subjective (skeptic) advocates like Ross et.al. who are mainly driven by envy…
I think a lot of subscribers do not want to advertise that they are subscribed to a particular method so as to keep the competition low. I’m not particularly looking for a lot of subscribers, but it would be nice to have them…
ps: In a division-of-labor society, no one produces by himself all the goods and services that his life requires. What he does produce is an economic value he can offer to others in exchange for the things he wants; he produces the value-equivalent of the goods and services he seeks. A man who deals with others by this method is the opposite of a dependent. He counts on the value of his work being recognized by rational men, not in getting favors from any person (subscribers etc.,) or clique (hedge funds etc.,) He is not restricted to dealing with a clique; potentially, the whole world is his customer. Nor does he benefit from a policy of conformity. In a free country, intellectual independence and material wealth tend to be concomitant; the more a producer exercises his own best judgment regardless of the momentary motions or passions of the crowd, the more economically and successful he becomes…
"and its subjective (skeptic) advocates like Ross et.al. who are mainly driven by envy…"
Now I am rolling on the floor. THAT was a good one
heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee heeee
>For the most part, data, max DD, and net profit glitches likely cancel out sufficiently across systems with enough trades that this is not a worry.
Ross, Are you crazy? You think that 167K drawdown as displayed and taken into account by the APD instead of the actual 3.7K is max DD glitch? APD is the most stupid indicator I have come across in my life and it is as stupid as its originator…
>The APD and most indicators are very valid for comparing systems against each others.
You have no idea what you are talking about. You think you know everything (omniscient). You don’t know a shit. Shut up, get a life and listen for a change, Maybe you will learn something…
>Many indicators here are imperfect.
This is so like you. You would accept anything that is arbitrary… The APD indicator is not only arbitrary, it has numerous data and calculation errors to make it practically useless…
Looks like today was second wave 
Interesting market behavior.
yeahh… At least the morning had very impressive move.
eu
Well, at least you didn’t wander off into Randland for a few hundred words. But anyway:
WHEN you demonstate that a majority of users think APD is as useless and flawed as you claim, and that it is far more flawed than other indicators, AND:
WHEN you demonstrate that a majority of seasoned people here think you demonstrate serious trading acumen and knowledge, and are to be reckoned with:
THEN I will be more than happy to reconsider.
I never claimed to be “omniscient” nor one who knows all. But I would put my knowledge against yours any day. I have yet to see you put forward serious posts representing a true grasp of the issues re: realworld trading.
I still remember that your “My Analyst” page said that you couldn’t find any systems better than your own, so that is why it was empty.
You live in a confused dream world, like Barkely (“Broccoli”) on the Star Trek: Next Generation series. He spent most of his time on the Holodeck with projected images of people in a Barkely fantasy world; He feelt incapable of mingling with real people in the real world. Except at least Barkely sometimes demonstrated outstanding ability.
Not to mention a convenient ignorance of other people’s posts anytime someone challenges you on an issue. Much of the time, your posts are replies to other Pal posts.
An insult from you has little more traction than “nanny nanny boo boo” from a 5 year old. So in the meantime, you remain static/white noise.
Best times for swing trading systems 
I made a kind of panic sell. Tuesday the AHM position was closed by extreme-os, but the order was not executed in my account. Yesterday I forgot to close it manually. Today the price fell from $27+ to $26-, so I closed it rightaway at a loss of $270, which is more than 1% of my account value. An hour later it was back at 27+ again. Well, for all I knew it could as well have gone to $25 in the next hour, so it was not really a stupid decision given my lack of prophetic abilities, but I regret that I didn’t notice the out-of-sync yesterday.
I also regret that I sold 20 QQQQ put options on Monday on basis of the TMG preliminary signal. They would be worth 10 times as much today.
I’d say you did exactly the right thing: as long as the system behaves as expected and stays within your risk parameters, just stick to the system as closely as possible–no emotions involved.
I love these days by the way. Have been waiting for some down days for so long. All systems I’m subscribed to do well, and better than the market. It gives me a lot of confidence.
Best times for swing trading systems
Yeahh… I think I have more gray hair in the three days
An hour later it was back …
You know. It starts being hard to be surprised in nova days lol
I love these days by the way.
Me as well Girls are going to left, boys are going to right.
Eu
Thanks.
> You know. It starts being hard to be surprised in nova days lol
??? Please explain. It’s probably not serious, but I don’t get the joke - if there is any.
> Girls are going to left, boys are going to right.
I must be a girl then, because I don’t like my account value becoming lower and lower…
I just filed a complaint at the SEC about their stupid daytrade rule with an account < $25K. Of course it won’t help. The funny thing is that they have all kind of categories where you can complain about, except about the SEC itself
What a nice revers. We’re in green now lol
??? Please explain. It’s probably not serious, but I don’t get the joke - if there is any.
The kind of full sectors moves weren’t from 2001 in stocks. The market is doing swings that might wipe out everybody in 30 mins-hour. And in last 3 days it’s kind of normal. Don’t ask me what will happen tomorrow, but at least last 3 days will be in the trading books. Post-fact of course
I must be a girl then, because I don’t like my account value becoming lower and lower…
Well… I believe you’re not alone. So far it’s kind of 5-10 years opportunity for making/loosing money
I just filed a complaint at the SEC about their stupid daytrade rule with an account < $25K.
Filling complains to SEC is futile if you aren’t very big guy. At least the rule stops you in participation in the suicidal market
Eu
>WHEN you demonstate that a majority of users think APD is as useless and flawed as you claim, and that it is far more flawed than other indicators,
“Proof” is the process of establishing truth by reducing a proposition to axioms, i.e., ultimately, to sensory evidence. Such reduction is the only means man has of discovering the relationship between the nonaxiomatic propositions and the flaws of reality.
Many people regard logic not as a cognitive function, but as a soical one: they regard it as a means of forcing other men to accept their arbitrary ideas. For oneself, according to this viewpoint, a farrago of unproved assertions would be satisfactory; logic, however, is necessary for polemics, it is necessary as a means of trapping opponents in internal inconsistencies and thereby of battering down one’s enemy.
Objective men reject this approach. Proof is not a social ritual, not is it an unworldly pursuit, a means of constructing rationalistic castles in the air. It is a personal, practical, selfish necessity of earthly cognition. Just has a man would need concepts (including language) on a desert island, so he would need logic there, too. Otherwise, by the nature of human consciousness, he would be directionless and congitively helpless.
