Questions from a new member

[Pascal]

Thanks to all members for their excellent answers.

Pdp,

Welcome!
We will soon update and post the official robot track records.
I prefer to let Pascal do it because he has all the archives but I have not.
Billy

Sorry for the delay.
I just returned to the trading desk and will update teh 20DMF in about 15 minutes.
The robots latest records are shown below (I did not update with this morning's exit price for IWM).


Pascal

[Normand]

Hi Pascal

Regarding the stats tables for both robots.

One suggestion I would make to avoid confusion would be to change the title "Exit Date" to "Signal Date" because the dates showned are the after the close "signal dates" and the "exit price" showned for those trades are actualy the OPEN price of the following day OR the Stop Loss "exit price". I discovered this trying to recompute your results on a spreadsheet.

I would also add a note for future publications indicating that the "Exit Price" is the OPENING PRICE of the day following a signal OR the STOP LOSS price on that date.

I would appreciate if you could supply your excel formula to compute the counpounded returns because I get some small discrepencies with my formula (it may be just a rounding issue).

Normand

[Pascal]

Hi Pascal

Regarding the stats tables for both robots.

One suggestion I would make to avoid confusion would be to change the title "Exit Date" to "Signal Date" because the dates showned are the after the close "signal dates" and the "exit price" showned for those trades are actualy the OPEN price of the following day OR the Stop Loss "exit price". I discovered this trying to recompute your results on a spreadsheet.

I would also add a note for future publications indicating that the "Exit Price" is the OPENING PRICE of the day following a signal OR the STOP LOSS price on that date.

I would appreciate if you could supply your excel formula to compute the counpounded returns because I get some small discrepencies with my formula (it may be just a rounding issue).

Normand

Yes Normand, you are right regarding the rounding issue: some entry prices carried more than two digits, because they were taken directly from the Robot's calculations. I corrected these to limit to two digits and indeed, there is a 0.01% change on the compounded returns.

I also followed your advised and chnaged the exit date title.


Pascal

[pdp-brugge]

Hi Pascal,

Strange to address another person with my own name...

Thanks for your reply

I now have an other issue: I have made a subsription to both the Robots and to the EV database.
I am trying to find my way around the hugh amount of information...
When I try to access a post in "Value In Time" - "New introduction post from Bob English" and I click on the link to access "http://www.effectivevolume.com/showt...ead-this-first!", I get an error that I do not have permission to access that page?!?

Am I to novice to the forum?
Are there pages that I can not access with a full paid subscription?
Or is there an error in the link?

Please help!

[Billy]

Hi Pascal,

Strange to address another person with my own name...

Thanks for your reply

I now have an other issue: I have made a subsription to both the Robots and to the EV database.
I am trying to find my way around the hugh amount of information...
When I try to access a post in "Value In Time" - "New introduction post from Bob English" and I click on the link to access "http://www.effectivevolume.com/showt...ead-this-first!", I get an error that I do not have permission to access that page?!?

Am I to novice to the forum?
Are there pages that I can not access with a full paid subscription?
Or is there an error in the link?

Please help!

Please click on "Settings" in the right hand up corner.
Go to "My Settings" - "Permission Groups" in the left-hand menu list.
From there ask permission to join all forum groups you don'y belong to.
Permission will be granted by each Forum Manager ASAP.
Billy

[buzzman]

I assume that the returns are based on successfully filled limit orders only. That is, limit orders that are placed at the open that DO NOT get filled are excluded. Is my assumption correct. thx, bz

[Billy]

I assume that the returns are based on successfully filled limit orders only. That is, limit orders that are placed at the open that DO NOT get filled are excluded. Is my assumption correct. thx, bz

These returns are the true life official track records. All actual trades heve been executed at the indicated prices since being online.
Billy

[buzzman]

Billy, thanks for the reply, but being a rather novice trader, I'm still a little confused. After getting the ROBOT signals before the market opens each day, I place a limit order. Sometimes it gets filled, sometimes it doesn't eg. market gaps up and never looks back. If I continue this same procedure, am I matching the ROBOT, assuming I manage my stops in line with the ROBOT as well? Moreover, is my procedure correct?

[Billy]

Billy, thanks for the reply, but being a rather novice trader, I'm still a little confused. After getting the ROBOT signals before the market opens each day, I place a limit order. Sometimes it gets filled, sometimes it doesn't eg. market gaps up and never looks back. If I continue this same procedure, am I matching the ROBOT, assuming I manage my stops in line with the ROBOT as well? Moreover, is my procedure correct?

You can only match the robot performance by following the recommended procedure which is to invest 100% of your allocated capital in the initial trade of each new signal, when a limit order – or better - has been executed. Then you must use the robot trailing stop.
The robot never trades secondary entries and they are excluded from the track record. You are on your own risk management for all secondary entries.
Billy

[Harry]

Buzzman,

Let me take a crack at answering your question.

The only position the the Robot counts for it's performance is the first entry that gets filled - all others are considered secondary entries that are up to you to manage risk, stop limits, exits, etc. So, if you want to mimic the Robot as reflected in the performance table, you need to only buy the initial entry and ignore all other signals until that initial entry closes. Closes to the initial position can come from conflicting LT/ST stats, stop limit or MF signal.

Harry