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It is always said about using the peak and trough, but I have found that it
is only noted in any results as the last peak/trough that was actually
reached. The system it self does not use the last leg of the zigzag as it is
never called up. If you test the peaks/troughs you will find this can be
used very successfully, purely as a measure tool to nominate a time of the
change. My overall system of the Sup/Res uses this to find the "last" change
point. So far with the stocks I trade the backtest returns have been fairly
consistent over several time periods of15-20% average profit per trade. I
have combined the breakouts with a secondary call, and am currently looking
for a complimentary third indicator as further confirmation for trade
entry/exit.
Cheers,
Graham
http://groups.msn.com/ASXShareTrading
http://groups.msn.com/FMSAustralia
-----Original Message-----
From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@xxxxxxxxx]
Sent: Monday, 26 May 2003 3:25 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Graham
I hope you will take special care and avoid the known problems of Peak
() use for trading systems.
A trading system should be realistic [and then ...profitable]
Good luck !!
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> Thanks Dimitris
> I am using this as a basis for creating a trading system.
>
> Cheers,
> Graham
> http://groups.msn.com/ASXShareTrading
> http://groups.msn.com/FMSAustralia
>
> -----Original Message-----
> From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@x...]
> Sent: Monday, 26 May 2003 2:52 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Graham
>
> was kind enough to share with us a fresh idea : Support and
> Resistance price levels through an indicator.
> Congratulations !!
> Dimitris Tsokakis
>
>
>
> Send BUG REPORTS to bugs@xxxx
> Send SUGGESTIONS to suggest@xxxx
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