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I have used his indicators mostly for day trading and read most of his
publications and books....
My experience is that to understand the material you need some math
background .. at least trigonometry.
I was most interested in 2 things:
1. Lead sine indicator - works well when the market is in cyclic mode. As
indicated in his literature the market is in cyclic mode 15% to 20% of the
time. In my opinion that is not adequate percentage. It takes a little time
for the indicator to change modes.
2. Wanted to create indicator for determining when market was in cycle mode
/ trend mode. I was not succesfull at achieving this.
Having said all that, you might play around with the lead Sine indicator on
the Amibroker library.
Ara
----- Original Message -----
From: "bilbo0211" <bilbod@xxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, April 01, 2005 1:50 PM
Subject: [amibroker] Are Ehlers' indicators useful for real trading?
>
>
> There are a number of archived messages discussing Ehlers' indicators.
> I checked his Mesa Software website and it is very sparse with only
> info designed to encourage you to buy his software.
>
> Ehlers has written several books. Here is a very negative review of
> one (1st spotlight review):
>
>
http://www.amazon.com/exec/obidos/tg/detail/-/0471405671/ref=pd_sim_b_1/102-6347525-3500951?%5Fencoding=UTF8&v=glance
>
> I thought it might be useful for anyone interested in his methods.
>
> Quotes from review:
>
> "...Recent academic research has tended to show that stock-market
> "signals" tend NOT to fulfill these assumptions very well. In some
> ways, this puts a significant dent (in my view) in the theory used as
> the basis for the indicators derived."
>
> "The attention to detail at times is very obtrusive to a reader with a
> keen eye and understanding of what is being described"
>
> "...The REAL problem here is that a more realistic simulation shows
> that one is hard-pressed to show ANY profit on ANY type of
> stock/commodity/currency. I've tried the system (unaltered) on dozens
> of instruments, with a couple rather moderate successes and the rest
> losing money terribly, even with reasonable stop losses and money
> management."
>
> "Almost (if not all) of Ehler's graphs in his book are from the same
> time series: specifically the US96H (March 1996 Treasury Bond
> contracts)...the time period under consideration shows a series with
> nearly ideal characteristics for Ehlers systems, while almost all
> other series I've tested his indicators and systems on do not exhibit
> the same performance."
>
> Bill
>
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
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