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I spent some time reading both of his books
jbell,
Ehler and Williams aren't traders.
I've spent some time with Wilder and Lane and neither one could
trade their way out of a wet paperbag. I love Chande's work, but I believe
he struggled with his management company. Great formula and code writers
are seldom the best traders (except: of course, our own: Dingo, DT, Chuck &
Fred?).
Hang in there. Don't expect to open a book and find
"off the shelf" solutions for making money. A good technical system starts
with an enormous amount of hard work. Think outside the box and don't ever
believe everything you read. Try a Perry Kaufman or a Tuschar Chande
book...they might be better then the ones you have completed.
Take care,
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
jbell5931
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Friday, October 10, 2003 12:13
PM
Subject: [amibroker] Re: Dr. Elders
-Triple Screen Trading System.
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 ChlopekSend
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