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[amibroker] Re: Jake Bernstein Momentum formula



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Anthony,

Do yourself a big favor.  Don't waste your precious time on this 
earth with this kind of drivel.   Chasing price with momentum 
indicators is not going to get you where you want to be.

Coming up with a support/resistance system is all you need to make 
whatever you want from the markets.

I've seen hundreds of traders get wiped out trying to go on the path 
you're following and all of the successful traders I've been around 
in the e-mini futures have used S/R as the foundation of their 
trading methodology.

And, above all, embrace your emotions in trading because they teach 
you what you should and shouldn't do going forward.  Computers learn 
nothing while you learn from every win and loss you make.

Finding an edge in trading is easy.  It's only hard if you're using a 
computer to find a needle in a haystack because you didn't make a 
good enough investment in real-time observations of the markets while 
researching an edge you'd like to trade..   That makes all the 
difference in the world for knowing what works and what doesn't.

You'll come up with 10 edges to trade if you put the time in to 
experience a live market on a regular basis without trying so hard.  
It will bring out your imagination and creativity to find what you're 
looking for.   

I wish someone had told me that 4.5 years ago when I started trading 
the ER2 e-mini.  It would have saved me a lot of time chasing 
nonsense.


--- In amibroker@xxxxxxxxxxxxxxx, "ihsaham" <ihsaham@xxx> wrote:
>
> Hai Tomasz,
> 
> This is simple Jake Bernstein Momentum Formula for chart and 
scanner.
> Please help me give arrow buy and sell. Buy arrow is Green colour 
and 
> Sell Arrow is Red Colour. 
> 
> I really appreciate and thanks for you in advance. 
> 
> Best Regards,
> Anthony Idic
> 
> 
> 
> _SECTION_BEGIN(" $ Momentum ");
> 
> 
> /* Bernstein Momentum Indicator */
> /* Set Scaling to Automatic, Show dates On, Percent On, Middle On */
> 
> Title = "Bernstein MOM Close - Ref(Close,-7)"; 
> GraphXSpace = 5;
> Graph0 = MA(Close - Ref(Close,-7),1); 
> Graph0Style = 5; 
> Graph0Color = 29;
> Graph1 = MA(Graph0,5);
> Graph1Style = 1;  
> Graph1Color = 32;
> 
> 
> DaysAgo =Optimize("DaysAgo",-28,-40,-16,4);
> Fast = Optimize("Fast", 1, 1,5,1);
> Slow = Optimize("Slow",28,16,40,4);
> /* Note: It is merely a coincidence that DaysAgo and Slow use the 
> same parameter set. */
> 
> Buy = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
> MA(Close - Ref(Close,DaysAgo),Slow) );
> 
> Sell = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
> MA(Close - Ref(Close,DaysAgo),Fast) );
> 
> 
> Short = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
> MA(Close - Ref(Close,DaysAgo),Fast) );
> 
> Cover = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
> MA(Close - Ref(Close,DaysAgo),Slow) );
> _SECTION_END();
>



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