OmniVest Forum OmniVest Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


[Random Quote] -


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
Jim Dean

Elite
10002525
Posts: 1059

Joined: 10/11/2012
Location: L'ville, GA

User Profile
 
Subject : RE: Portfolio Switching
Posted : 3/31/2014 4:53 PM
Post #29647 - In reply to #29646

Just like we all want pharmaceutical companies to give us a little pill that instantly cures our cold with absolutely no side-effects and demand they do it immediately, we want companies like Nirvana to give us that elegant solution that guarantees us huge profits. Oh, if it were only that easy!

WELL put. That's the heart of the matter.

I can personally attest that Mark and Steve are at least as qualified as scientists and technicians as the good folks at Nirvana are. I saw some early versions of their work ... and I'm not too much of a slouch with Excel or math ... and it really really impressed me.

This problem has so very many variables, it is what thermodynamicists (my field) describe as a "virtual open system". That is, there are too many independent variables to manage properly to do a nice clean single-goal goal-seeking analysis.

There are many different solution methods. Mark and Steve took several months, as I recall, fiddling with different approaches, till they finally settled on a path that only diverged a couple more times. What they have now, I'm not privy to ... I'm sure it's certainly very very robust.

But, having said that ... it's just ONE possible solution-sieve. Who's to say it, or any other method that another team might come up with, is "the best"?

I'm very glad that Nirvana is keeping things open ended, rather than totally black-boxing THEIR particular "solution" (as if there were such a beastie).

The plans that Ed discussed in the webinar is to offer a Pro level that allows ANYONE with coding experience the ability to develop their own "sieve" that goes far beyond OScript formulae. M&S will likely be able to port their stuff into that engine. Keith will be able to program his own approach there. And others will too, I'm sure ;~)

At the same time, N is planning a very SIMPLE "click one button" approach that allows a tyro user to pick one of many Nirvana-optimized "motif" solutions.

Those, in addition to the Member level with the V2 features plus more, that we have today.

This all was discussed in the webinar, so I hope I'm not speaking out of turn. It sounds like a GREAT plan to me!

[Edited by Jim Dean on 3/31/2014 4:58 PM]

Deleting message 29647 : RE: Portfolio Switching


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.