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Thanks a lot, George and Scott. I very briefly read the article Scott
referenced, admittedly without studying it in great depth. However, I
found the explanations so convoluted and confusing as to have limited
usefulness. I guess if you really wanted to learn the system, you'd have
to buy Fisher's book, which I am not adverse to doing. When I get a
chance some time, maybe I'll do that. Thank you, George, for your
explanation. I prefer totally mechanical systems, especially since I
have a full-time job, unable to watch the monitor all day to make
discretionary decisions. I'll keep this reference handy for the
not-too-distant day when I retire. The system looks promising, and I'm
glad to hear you are successful using it. Have you developed entry and
exit code in afl yet? Do you think it could be made into a fully
mechanical system without discretionary decision-making?
Regards,
Al Venosa
Geo Singleman wrote:
> 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
[Non-text portions of this message have been removed]
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