Truth In Futures:
John Hill started out in the business of trading commodities in a most
remarkable way when he managed to run $1,000 up to $80,000 in a matter of
three months - and then managed to lose all but $5,000 in a single day. Some
traders would hang up their charts after that, but Hill was determined to
understand what he'd done wrong. It took years of study, but he figured it out.
STOCKS & COMMODITIES Editor Thom Hartle interviewed Hill via telephone on
April 23, 1998, asking him about Futures Truth, the publication he has
produced since the 1970s; why novices could benefit from mechanical sys-tems;
and what details are important to fairly evaluate the performance of a
The best systems are the ones with the fewest parameters.
You can go berserk putting in parameters. The systems that
have withstood the test of time have very few parameters
and very simple methods. - John Hill