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I don't use any AFL other than automatically drawing the pivot range and the
A UP and A Down lines. I doubt it can be made mechanical because there are
no precise entry triggers. As in everything in trading, there are no
absolutes. e.g. After a good A Up, price can still go through the opening
range and end up at the low of the day. A mechanical system would get you in
and stop you out every single time in such cases.
ACD is a daytrading system, suitable only for liquid and volatile markets
which have good daily range. I doubt you can trade such markets in a
mechanical fashion, but that may be due to my lack of knowledge about
mechanical systems.
Geo
----- Original Message -----
From: "Al Venosa" <advenosa@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, October 01, 2004 08:28 PM
Subject: Re: [amibroker] Awesome trading system
>
> 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]
>
>
>
>
> 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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