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Thanks for the information on Beating The Trend. I take it that you
have read the boook? Unfortunately the book is now $49 an not $30
dollars now, but still comes with money back guarantee. I recently
found some users of the system. They started a Yahoo site called
Trendreversals. They stated that one could go broke if you tried to
play each trade generated and implied that their was no shortage of
trades. They have modified the forumula and discuss their picks each
morning. The formula modification was intended to cut down the number
of possible trades and identify what they consider the best of them.
They claim that their success rate is very high, but this includes
strick money management and stop losses techniques. Some traders only
play BBT Long trades for three days only and shorts are for 1 day
only.
Did you receive the software along with the book? How did you like
the program ie. were you able to or even try to modify the formula in
the software that comes with the book? It sounds like you chose to
code it in AmiBroker rather than use the software that comes with the
Book. Besides the formula, did you learn anything useful about
trading? Can you suggest and similar AFL codes or books on reversal
bars strategy that I can use in AmiBroker. Are any of the library
scripts provided with AmiBroker on trendreversal similar to BTT?
Thanks
--- In amibroker@xxxx, Walid Atia <walid_atia@xxxx> wrote:
> Beatingthetrend is nothing more than a long reversal
> bar system, with some volatility and volume related
> indicators added. It is very easy to code in AFL
> (about 5 lines), and the results over the long term
> are only about 55% probability of win. Since the
> overall win/loss ratio is around 1, this is not a
> very exciting system as tested over the last several
> years. But, it has periods where it does extremely
> well (~70% win rate). Finding an overall
> index-related
> indicator for which the system success correlated
> with would be most useful, telling you when to use
> it or not. Another issue is that there are very
> few signals generated by the system.
>
> You might as well plunk down the $30 to buy the ebook,
> since it comes with a money-back guarantee. It is
> interesting an well-written, just not the 70%
> accuracy it implies.
>
> Walid
>
> --- mroman59 <mroman59@xxxx> wrote:
> > I don't have the book and I don't know the system. I
> > was inquiring if
> > anyone was using it to see if they like it and would
> > explain more
> > about it. AmiBroker already has written scripts
> > which may be similar
> > to BTT trading method. Without giving forumla, I
> > could start with
> > similar script and modify by asking questions. If
> > the person using it
> > really think it is great then I will buy the book on
> > their
> > recommendation. If they don't like it and give
> > reason for, then I
> > would consider their opinion. Also, an experienced
> > trader could look
> > at the web site avertisement www.beatingthetrend and
> > probably tell
> > what kind of trading strategy it is. I am not
> > experience and yet I
> > can speculate that it may be some kind of
> > trendreveral script or what
> > is also called a "Dead Cat Bounce". I stated this in
> > my prior post.
> > Correct me if I am wrong. I think it would be copy
> > right violation is
> > I posted the script i.e. if I knew it, but if I
> > modified it and then
> > posted it would not be a violation. If I posted the
> > E-Book on the web
> > for you to look at then it would definetly be a copy
> > write violation.
> > The advertisement for the E-Book, again, is at
> > www.beatingthetrend.
> >
> > Comments anyone.
> >
> >
> > --- In amibroker@xxxx, "Alex Goykhman"
> > <agoykhman@xxxx> wrote:
> > > Why don't you post a description of the system
> > (not the book itself,
> > > that would be a copyright violation) here and see
> > if someone can
> > make an
> > > AFL script out of it.
> > >
> > >
> > > -----Original Message-----
> > > From: mroman59 [mailto:mroman59@x...]
> > > Sent: Wednesday, April 24, 2002 9:58 AM
> > > To: amibroker@xxxx
> > > Subject: [amibroker] Beating The Tend
> > >
> > > Has anyone purchased the E-Book called Beating The
> > Trend at web
> > site
> > > www.beatingthetrend.com. Have you written a script
> > in AmiBroker for
> > > its trading methodology. What has been your
> > results and or
> > > modifications to it? Do you know similar scripts
> > for this trading
> > > style? I think it it considered a dead cat bounce
> > or trendreversal.
> > > Please tell me what you think.
> > > Thanks
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to the Yahoo!
> > > <http://docs.yahoo.com/info/terms/> Terms of
> > Service.
> >
> >
>
>
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