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I spent some time reading both of his books and implemented all the
stuff in AB (You can find most the AFL code in the Amibroker
libary). What I concluded that is that it doesn't work as well as it
claimed. For instance, placing stops in NASDAQ stocks is a dangerous
thing. I've done a few and the market makers played the game and
stopped me out. Also, if you don't cancel your stops before the next
day, a gap down at the opening will stop you out right away. In
order to follow his ideas, you almost have to be devoting full time
as a trader.
I also read both books from Dr. Bill Williams (Trading Chaos, New
Trading Dimension). You can also find most of the code in Amibroker
library. Currently there are no data that shows this trading
technique is profitable as it claimed.
Of course, this is just my opinion. I do like the ideas presented by
both authors, but find them difficult to make $$. I hope you guys
(and Dr. Nathan Berger) have better experience I do.
--- In amibroker@xxxxxxxxxxxxxxx, "Marek Chlopek" <mchlopek@xxxx>
wrote:
> --- In amibroker@xxxxxxxxxxxxxxx, "gerard_carey" <gcfinance@xxxx>
> wrote:
> > Hi Joe
> > While never having used it I did investigate it. There are
formulas
> > in the library, and heaps of post in the archives. Use Elder in
the
> > search function. I do remember Dr Nathan Berger posting that he
> had
> > used the system successfully for many years.
>
> Could someone send me link to or the system itself, please.
>
> Regards,
> Marek Chlopek
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