a 1997 book on mechanical trading, on one of the main reasons I automate every trading strategy:
"if you do not take trades from the system that turn out to be very profitable, you have changed the statistical basis of your expected returns and, in fact, could even lose money on a profitable system."
skip three trades a month and you are running a different strategy with no backtest at all. the big winners in a trend system are a handful of trades a year. miss them by hand and the whole year can be ruined.
In 1997 Tung Chee-hwa inspired neither wild enthusiasm nor rush-for-the-exits alarm. It turned out that he lacked the skills to reconcile Hongkongers to their new rulers in China
Originally a 1997 MS-DOS game, the remake of AMEL BROAT has now released for Switch in English.
Story: The princess is dead... or so the Empire believes.Assassinated by her own father, the Emperor, and mysteriously brought back to life, Princess Celestina hides her identity and travels the land as "Tiene." Her goal is the legendary Sword of Sixteen Nights, and she must claim it before the Emperor seizes its power for himself.
Meanwhile, a young swordsman named Alya walks his own path toward the same blade. Whose story will you live?Play as Alya or Tiene, each with their own unique scenario. Decipher ancient grimoires to unlock and master forgotten magic.
Journey alongside unforgettable companions: a self-proclaimed Superhero, a hard-drinking bishop, a runaway mayor's daughter, and more. And unravel the mystery of the "WIND," the calamity scouring the land, said to be the scream of the Earth.
a trading book from 1997 tells you to almost never pick the most profitable parameters your optimizer finds.
it's Cybernetic Trading Strategies by murray ruggiero, written when most people didn't own a machine.
"you should almost never select the most profitable set of parameters. the rare exception to this rule would be if the most profitable pair is surrounded by almost equally profitable pairs."
"next, you want to have the highest possible number of neighbouring parameters with similar performance."
that's the whole idea. you're not looking for the peak. you're looking for the widest area where performance barely changes.
then he lists what else has to hold before you accept a set:
reasonable drawdowns.
profit not coming from one or two trades.
profits distributed evenly across the sample.
an upward sloping equity curve.
he wrote that nearly thirty years ago. still applies today in systematic strategy testing.
UK Prime Ministers since 1997, time in power 🇬🇧
1. Tony Blair: 10 years (1997–2007)
2. Gordon Brown: 2 years, 10 months (2007–2010)
3. David Cameron: 6 years, 2 months (2010–2016)
4. Theresa May: 3 years (2016–2019)
5. Boris Johnson: 3 years, 1 month (2019–2022)
6. Liz Truss: 49 days (2022)
7. Rishi Sunak: 1 year, 8 months (2022–2024)
8. Keir Starmer:2 years (2024–2026)
9. Andy Burnham: in office since July 20, 2026
While filming Spawn (1997), Michael Jai White came up with the idea for the film’s memorable “balls defense system” gag. Explaining the scene, he said, “I mean, it’s a living costume, so it had to protect the most valuable asset of its owner!” The director loved the concept, and it was ultimately included in the final cut of the film.