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Those who have made Woodie work have their own spin, including the use of other indicators and learning how to live with nebulous "rules" that Woodie's guidelines provide. As the guidelines indicate, the guidelines have some "nuances" that cannot be described and have to be learned on the job. Some use one Woodie pattern (e.g., ZLR) and others all or some of the patterns. Some use the patterns in conjunction with other indicators. Sit in on the Woodie chat sometime and see how many variations are used by traders in the same market at the same time. One often hears Woodie traders say something like one has to find their "style" because the "system" is not black and white. By definition, this is not a mechanical system and any attempt to code this "system" will at best be a snapshot of one of many configurations used by traders. I doubt that any attempt to code from the guidelines will be attractive, as opposed to coding what a successful Woodie trader does.
Bill
----- Original Message -----
From: "Fred" <ftonetti@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, October 27, 2006 8:44 AM
Subject: [amibroker] Re: seeking the following in a trading platform for a Woodie's CCI trader
> The "RULES" as stated in the documentation written by someone who has
> apparently been using the "METHOD" for some time and which were
> verified by Woodie himself while not extremely straightforward can be
> turned into AFL.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Rakesh Sahgal" <rakeshsahgal@xxx>
> wrote:
>>
>> To the extent I have been able to understand, Woodies is more of a
> method,
>> rather than a system where objectively laid out criteria can be
> applied.
>>
>> Success is as much a function of the trader's competence in
> understanding
>> and applying the method(not system) as it is a function of the
> trader
>> knowing when there is a higher probability of a particular pattern
>> succeeding. The fact that it is hyped up to the extent it is, is
> probably
>> because novices gravitate towards it hoping they can gloss over
> their own
>> shortcomings and achieve some measure of success.
>>
>>
>> R
>>
>> On 10/27/06, Fred <ftonetti@xxx> wrote:
>> >
>> > It's not about discretionary .vs. system trading ... I have every
>> > respect for those who are successful with some form of
> discretionary
>> > trading ...
>> >
>> > However, when I hear of a particular method where the experts
> state
>> > that there are definite rules and the rules are written and
> applied
>> > via AFL or ELx or whatever and the resulting backtest is a flop
> and
>> > then the experts then state that the rules can't be backtested I
>> > become more than a little suspicious.
>> >
>> > --- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@> wrote:
>> > >
>> > > I wouldn't knock Woodies (or any other) approach. I know a
> couple
>> > of traders who have done very well following in his footsteps. I
>> > never got comfortable with it but there is always more than one
> way
>> > to do something successfully (e.g., system vs. discretionary
> trading).
>> > >
>> > > Bill
>> > >
>> > > ----- Original Message -----
>> > > From: "Fred" <ftonetti@>
>> > > To: <amibroker@xxxxxxxxxxxxxxx>
>> > > Sent: Thursday, October 26, 2006 8:41 AM
>> > > Subject: [amibroker] Re: seeking the following in a trading
>> > platform for a Woodie's CCI trader
>> > >
>> > >
>> > > > Woodies is like being on a Jim Jones trip ... now drink the
>> > coolaide
>> > > > boys and girls ...
>> > > >
>> > > > --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@>
> wrote:
>> > > >>
>> > > >>
>> > > >> Tomasz,
>> > > >>
>> > > >> I apologize for my outburst like this. It just burns me up
>> > > >> sometimes when I know how powerful your product already is
> and
>> > how
>> > > >> people come on this board and want the moon put into a $229
>> > price
>> > > >> tag.
>> > > >>
>> > > >> Next time, I'll just curse to myself and ignore these kinds
> of
>> > > > posts.
>> > > >>
>> > > >> Steve
>> > > >>
>> > > >> --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@>
>> > wrote:
>> > > >> >
>> > > >> >
>> > > >> > Dennis,
>> > > >> >
>> > > >> > What are you trying to do? Suck the life force out of this
>> > group
>> > > >> and
>> > > >> > leave it for dead? Maybe you were some powerful guy in
> the 9
>> > to
>> > > >> 5
>> > > >> > business world where that kind of detailed delegation of
>> > > >> > responsibility got you fat bonuses, but I would hope that
>> > > >> technique
>> > > >> > doesn't fly in the trading community where no one owes you
>> > > >> anything.
>> > > >> >
>> > > >> > I have lost a couple of trading buddies to "the Woodies
> CCI"
>> > and,
>> > > >> > unfortunately, by the time I saved myself from it, they
>> > already
>> > > >> had to
>> > > >> > go back to their 9 to 5 jobs in order to put food on the
>> > table.
>> > > >> [I'm
>> > > >> > not joking]
>> > > >> >
>> > > >>
>> > > >
>> > > >
>> > > >
>> > > >
>> > > >
>> > > > 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 NEW RELEASE ANNOUNCEMENTS and other news always check
> DEVLOG:
>> > > > http://www.amibroker.com/devlog/
>> > > >
>> > > > For other support material please check also:
>> > > > http://www.amibroker.com/support.html
>> > > >
>> > > > Yahoo! Groups Links
>> > > >
>> > > >
>> > > >
>> > > >
>> > > >
>> > > >
>> > > >
>> > > > --
>> > > > No virus found in this incoming message.
>> > > > Checked by AVG Free Edition.
>> > > > Version: 7.1.408 / Virus Database: 268.13.9/490 - Release
> Date:
>> > 10/20/2006
>> > > >
>> > > >
>> > >
>> >
>> >
>> >
>> >
>> >
>> > 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 NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>> > http://www.amibroker.com/devlog/
>> >
>> > For other support material please check also:
>> > http://www.amibroker.com/support.html
>> >
>> > Yahoo! Groups Links
>> >
>> >
>> >
>> >
>> >
>>
>
>
>
>
>
> 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 NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
> --
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.1.408 / Virus Database: 268.13.14/501 - Release Date: 10/26/2006
>
>
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.409 / Virus Database: 268.13.27/517 - Release Date: 11/3/2006
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