I am challenging Martin Armstrong to publish historical results of his SOCRATES reversal system!
It would be very easy for him to shut up all his critics by publishing historical results of the Reversal "system", assuming the results were positiv
.
What do I mean? I show it as an example:
I am using Tradestation. I use as an example a simple breakout system (the so called Turtle System).
Initial capital: USD 100'000 same rules and inputs applied to all symbols - so NO optimization
Symbols (futures contracts) traded:
Equity Indices: YM, ES, NQ, FDAX, NK
Interest rates: US, FGBL
Currencies: EC, JY, SF,
Metals: GC, SI, HG
Commodities: CL, W, KC
based on Daily bars, over the last 10 years.
Results:
Total return: $ 322'031
nbr of trades: 1997
winning trades 763
losing 1230
% prof 38,2 % in range with most trend following systematic systems
avg trade: + $ 135.33
Profit factor: 1.10
avg win/avg loss 1.77
compound Annual Return: 15.8 %
max consecutive wins: 9
max consecutive losses: 24
max runups, max drawdowns etc
Information like that helps you decide if you want to consider such a system. In this exemple rather Not.
So I am challanging Martin Armstrong to publish historical results of his reversal sytems (Annually, quaterly, monthly, weekly, daily) in a similar manner to give clients or potential clients a chance beeing able to make an informed decision to use that approach.
He can add the usual dislaimer requested by CFTC that it is hypothetical etc etc blabla.
If he is not willing and able to provide that, would be the last major SIGN that it is all a SCAM or a loosing approach.
Until and unless HE PROVES the validity of his "SYSTEM" STAY AWAY.
It would be very easy for him to shut up all his critics by publishing historical results of the Reversal "system", assuming the results were positiv
.What do I mean? I show it as an example:
I am using Tradestation. I use as an example a simple breakout system (the so called Turtle System).
Initial capital: USD 100'000 same rules and inputs applied to all symbols - so NO optimization
Symbols (futures contracts) traded:
Equity Indices: YM, ES, NQ, FDAX, NK
Interest rates: US, FGBL
Currencies: EC, JY, SF,
Metals: GC, SI, HG
Commodities: CL, W, KC
based on Daily bars, over the last 10 years.
Results:
Total return: $ 322'031
nbr of trades: 1997
winning trades 763
losing 1230
% prof 38,2 % in range with most trend following systematic systems
avg trade: + $ 135.33
Profit factor: 1.10
avg win/avg loss 1.77
compound Annual Return: 15.8 %
max consecutive wins: 9
max consecutive losses: 24
max runups, max drawdowns etc
Information like that helps you decide if you want to consider such a system. In this exemple rather Not.
So I am challanging Martin Armstrong to publish historical results of his reversal sytems (Annually, quaterly, monthly, weekly, daily) in a similar manner to give clients or potential clients a chance beeing able to make an informed decision to use that approach.
He can add the usual dislaimer requested by CFTC that it is hypothetical etc etc blabla.
If he is not willing and able to provide that, would be the last major SIGN that it is all a SCAM or a loosing approach.
Until and unless HE PROVES the validity of his "SYSTEM" STAY AWAY.