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[amibroker] Re: Dr. Elders -Triple Screen Trading System.



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Thanks for the responses.  I skimed through Perry Kaufman's book a 
while back and didn't find it profitable either.  However, I am not 
throwing in the towels yet to do mutual funds 100% instead.

Joe

--- In amibroker@xxxxxxxxxxxxxxx, "CedarCreekTrading" <kernish@xxxx> 
wrote:
> 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
> 
>   ----- Original Message ----- 
>   From: jbell5931 
>   To: 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 Chlopek
> 
> 
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