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It is not a system, it is a methodology, for which credit goes to Mark
Fisher, who is a NyMex energy trader/local and has a clearing operation for
energy futures. The methodology called ACD is explained in his book - The
Logical Trader.
It is a simple Opening Range breakout system with additional nuances based
on daily pivot ranges.
Simply stated, it is as follows:
On a good A Up, your bias is on the bullish side and you go long.
Good A Up is when the price trades for at least half the time used for
determining the opening range. e.g. if 15 minute OR, then price must trading
certain number of ticks above OR High for 7.5 minutes for it to be a good A
UP. Same with A Down, where you get a bearish bias and must think short.
There are other layers such daily pivot range and price behavior at or
through the pivot range. The OR time period and the offset depends on the
tradable and its volatility profile.
I trade this method and make a living at it. It is not mechanical and a lot
of discretion is involved in determining trade locations and size. What it
does give you is a way to define the risk so that you have a clear trading
plan - especially if and when the market proves you wrong.
Geo
----- Original Message -----
From: "Al Venosa" <advenosa@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, October 01, 2004 02:54 PM
Subject: Re: [amibroker] Awesome trading system
> The "system" is not a system, since it has no buy/sell/short/cover
> statements in the code. I copied it into the IB and plotted it, but I
> have no clue what I'm looking at. Anyone care to explain what it's all
> about or why it's awesome?
>
> Al Venosa
>
>
>
> Ara Kaloustian wrote:
>
> > Scott,
> >
> > do you use this formula (succesfuly)?
> >
> >
> > ----- Original Message -----
> > From: "Scott Cong" <scong@xxxxxxxxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Friday, October 01, 2004 12:34 AM
> > Subject: Re: [amibroker] Awesome trading system
> >
> >
> > > Here is Mark Fisher's seminar.
> > >
> > > http://www.clicklive.com/NYMEX/symposium_2003/content_page.htm
> > >
> >
>
>
> [Non-text portions of this message have been removed]
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
>
>
>
>
>
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