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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Jack Jagernauth who wrote (9288)	11/19/1999 1:43:00 PM
From: Jack Park	Read Replies (1) \| Respond to of 18928

Hi JJ, When to buy, when to sell -- isn't that what Vealies are about? And, aren't they somewhat a kind of judgement (read: subjective) call? My interest lies, and I hope my papers on the web reflect this, in the area of doing things rather automatically, with some statistical evidence that what was done automatically has some basis for being right (it's an exercise for the reader to define right--mine leans toward the bottom line). My motivations reside in two things: I am fundamentally lazy, and I have problems pulling the trigger (read: I'm a lousy trader). I'd much prefer to depend on a system to tell me what to do, and I'd like to believe that system. AIM comes damned close to such a system. Far better, in fact, than anything I have ever tried before, mostly, perhaps, because it doesn't do much and so I don't have to do much either. Now then, let me tell you how I react to Vealies: I have been noodling the notion of a %overshoot (for lack of a better descriptor). It's a statistically derived (using evolutionary programming) value that takes what AIM recommends as your next buy or sell target and modifies that value for you to place as your next limit order. That's my read of what a Vealie does (in effect, delaying the actual trade). But, such a number, used during, say, one part of the year (think: cyclical stocks) may not be appropriate during another time. Thus, tuning is an ongoing activity. My present thinking is that you run the tuning system whenever a trade actually occurs. This is just stream-of-consciousness verbal vomit. Nevertheless, it's what I often think about. I'm busy hacking my next new thing, a Java/XML-based AIM trading system. Hope to be able to talk more about it soon. Cheers Jack