Quoting Dr Howard Bandy
Having a keen interest in the subject matter I would like to play the Devil's Advocate.
tech/a makes a disconnect between a data analysis and the end user of the data whereas Dr Howard Bandy has no disconnect, he is a "Data Analyst" and a "Trader" being in a unique position working both sides of the fence adding more weight to ThingyMajiggy reasonable request “to see some evidence of the far superior method in action”
I would like to hear from Dr Howard Bandy in regards to the comments made by Dr Tomasz Janeczko “In my opinion throwing more languages (like Python) into the mix just makes things harder, not easier, and is not really necessary as everything is doable within AmiBroker itself”
Dr Howard Bandy uses languages like Python, ML and AI while at the same time having a deep understanding of Amibroker Formula Language and as fence sitter I’m not fully convinced that either software has an advantage over the other but if there is I would like to see evidence.
My DISCLAIMER
I respect Dr Howard Bandy and Dr Tomasz Janeczko holding them both in high regards.
That is right. Where do I start would be one question. Next stage is on the treadmill for countless hours, days, weeks before coming full circle. I do believe there is value in knowing information not broadly known and that is where there is an edge.Devil's advocate is good. Would it be pushing this too far to compare expensive tools versus knowledgeable tradesperson?
Have you noticed the rich fly jets they know they are better and can afford them.
The poor own Cessna's they aren't as good as jets but that's all they can afford.
A propeller is enough to fly a plane
A jet engine is better.
Really? Tech those very same powerful tools you think you are talking about are doing the same for quantitative fundamental approaches. Exactly the same.Not saying technical analysis in un trained hands is any better.
But it is much more reactive in choppy markets.
There is no doubt that there are more tools and increasingly more
Powerful tools available to the technical trader.
I don't think that is possible with human nature. Most enter the market because they think they are better than the average. The group who enter the market with an already "defeated" attitude/believe and are willing to take index market average return minus fees will always be the minority.
Hedge funds have long relied on computers to help make trades. According to market research firm Preqin, some 1,360 hedge funds make a majority of their trades with help from computer models—roughly 9 percent of all funds—and they manage about $197 billion in total. But this typically involves data scientists—or "quants," in Wall Street lingo—using machines to build large statistical models. These models are complex, but they're also somewhat static. As the market changes, they may not work as well as they worked in the past. And according to Preqin's research, the typical systematic fund doesn't always perform as well as funds operated by human managers (see chart below)
Have you noticed Howard's absence?
Howards absence is voluntary
I totally understand his non participation.
What I cant understand is that proof of trading prowess
evidently will enhance the credibility of a Maths Professor
who is talking on his topic of expertise.
Its like listening to a researcher who is looking for
a cure to cancer but rejecting their credibility because
they don't have evidence of curing it!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?