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An excellent point Donald
But i can see Johns view I would like to see how ppl have constructed their
indicators ...
for example there a meta stocks formula well its one half of it that i use
regularly ....but with my limited programing skills i haven't been abel to
convert it to ami and as u would have seen i have started with simple ones
that i post up to the group for coment...(thats the biggest plus for ms)
there are thousand of users willing to share there formula or help other
iron out one in creation...
I dont advocate using some one else system or formula but i often use code
written by others modify it to suit me and add it to my list of tools :)))
And going by the emails that i have recieved there some very skilled afl
coders out there...
lol and Tomasz needs a rest form me to concentrate on the program :)))
i also email him regularly and yes Mr optushome.com.au i icq him too :)))
HighDays := Input("Enter # days to cover last HIGH for CBL calc'n:", 3, 55,
13);
If(HIGH < HHV(HIGH, HighDays), {then ...} PREV, {previous CBLhi, else...}
If(Ref(L,-2) < Ref(L,-1) AND Ref(L,-2) < L AND Ref(L,-1) < L, {then ...}
Ref(L,-2), {2nd day back low, else...} If((Ref(L,-3)< Ref(L,-2) AND
Ref(L,-3) < Ref(L,-1) AND Ref(L,-3) < L) AND (Ref(L,-2)< L OR Ref(L,-1) <
L), {then ... } Ref(L,-3), {3rd day back low, else...} If((Ref(L,-4)<
Ref(L,-3) AND Ref(L,-4) < Ref(L,-2) AND Ref(L,-4) < Ref(L,-1) AND Ref(L,-4)
< L) AND (Ref(L,-3)< L OR Ref(L,-2) < L OR Ref(L,-1) < L), {then... }
Ref(L,-4), {4th day back low, else...} If((Ref(L,-5)< Ref(L,-4) AND
Ref(L,-5) < Ref(L,-3) AND Ref(L,-5) < Ref(L,-2) AND Ref(L,-5) < Ref(L,-1)
AND Ref(L,-5) < L) AND (Ref(L,-4)< L OR Ref(L,-3) < L OR Ref(L,-2) < L OR
Ref(L,-1) < L), {then ...} Ref(L,-5), {5th day back low, else...} PREV )))))
cya all happy trading
ps and for anyone new to sharetrading get your money management skills in
order 1 st
----- Original Message -----
From: "Donald Dalley" <ddalley@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, March 02, 2001 3:18 AM
Subject: Re: [amibroker] afl formula
>
> Hello, John:
>
> On 01-Mar-01, jmp23834@xxxx wrote:
>
> > I am new to trading and new to Amibroker and thought it would be nice if
> > some of the more seasoned users were to share some of the systems they
> > had developed. I know some of you view your systems as proprietary and
> > that's OK,
> > but some of the basic systems could help the newcomers get up to speed.
If
> > this has already been done could someone tell me the site to goto to get
the
> > samples.
>
> Using someone else's "system", without understand technical, trading,
money
> management styles & investing basics or knowing the basis of the research
that
> lead to the final creation of the system, could end up being suicidal to
your
> investment capital. In other words, if you don't understand or believe in
the
> what or why of what you are doing will more than likely lead you to make
some
> very costly mistakes.
>
> The worst thing you can do when stating out is to "fly without a flight
plan".
> To invest safely and not irresponsibly, you must have enough investing
> education to create a trustworthy plan which allows you to invest/trade
with
> reasonable expectations and assurances that you will not lose your seed
> capital. Therefore, my best advice is to start reading as much as you can
to
> help formulate >your< plan that gives you rules that you can understand,
trust
> and impliment.
>
> The most obvious place to find readily available information is in your
> local library system and in monthlies, such as the well rounded "Technical
> Analysis of Stocks & Commodities". Some web sites, such as The Motley Fool
or
> Equus, have a beginner's information series (check out the outside links
on
> the AmiBroker & my sites for these, and more). The Fool has a 9 part free
> series going on right now that may help you decide how to pick good
stocks.
>
> Remember that if you start using a plan or trading system that you had no
hand
> in developing, you will probably never understand what to do when
something
> does go "wrong". You will be unprepared, you will panic, and that's when
it
> costs you (not the author of the system!) the big money.
>
> Once you do have a plan (your philosophy and discipline - your rules) on
> paper, you KNOW how to find companies that interest you (for example,
buying
> only companies that have high cash flow and low debt), you know how to do
> rudimentary sector analysis, when & how to start buying (buy all shares
NOW,
> buy over time, what timing indicator(s) to combine), how many stocks to
hold
> (say, between 5-20) and when to rebalance (yea!), reduce (uh, oh!) or
unload
> (oops!) your holdings. There will always be time later to experiment with
new
> ideas (and phoney money), just don't make experimentation your plan.
>
> It may take you years to get to the point where you are completely
comfortable
> with your plan, but you have the opportunity to modify as you learn, as
well.
> The primary points, here, are to have the framework of knowledge that lets
you
> make careful, unemotional decisions. It is crutial that you never break
your
> rules - only revise them once you are satisfied that they have been proved
> wrong. Having a strong plan leaves you the freedom to have fun in the
markets,
> too. How many people are having fun today? ;^)
>
> "But this will take too long!", you say. "Making lots of money is /fun/!"
> I hear you, but then I have to ask you to consider the alternative.
>
> --
>
> ---===///||| Donald Dalley |||\\\===---
> The World of AmiBroker Support
> http://webhome.idirect.com/~ddalley
> UIN/ICQ#: 65203020
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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