Re: [amibroker] ( Mr. Lal)Re: Jake Bernstein Momentum formula, AmiBroker Email List Archive

Dear Mr. Lal,

When I said Using of MACD and ADX, I mean to say is to avoid somee losses which can be threre through whipsaws. I never told that It will give you 100% success.

My point is that a simple trading system is also good rather then complex system. Main goal is you earn something. I start this just to tell that no system can produce 100% right prediction. thats it.

About graphs.

Plot bar chart and MACD and ADX. When macd gives buy look ADX is bullish (+DI>-DI)

Sell when anyone gives sell.

From long time I have seen that U look stocks whose ADX is below both the DI and wait ADX to turn upside and MACD is in buy mode and +DI > -DI. It will give you intermidiate long signals which will be profitable. Yes use this system with A group and B1 group stocks only.

still not getting. sure will send snap shot of setup.

Kailash Pareek

www.moneybulls.blogspot.com

----- Original Message ----
From: Lal <klal25@xxxxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, May 10, 2008 1:50:09 PM
Subject: Re: [amibroker] ( Mr. Lal)Re: Jake Bernstein Momentum formula

Kailash-ji,

Not wishing to start a debate here really...but what is the point you want to make? First you say that you can't be sure of anything. Then you mention a way of using MACD with ADX that works well avoiding whipsaws (so potentially an approach that works well and something that you CAN count on?).

No disrespect to your experience and wisdom - my point is that if we can't be sure (or reasonably sure) of anything , then how can we even think of trading? I suspect what you really wished to convey is that trading is all about probability and not infallibility.

Would certainly like to see the graphs and your in-depth explanation.

Regards,
Lal

----- Original Message ----
From: kailash pareek <johnnypareek@ yahoo.com>
To: amibroker@xxxxxxxxx ps.com
Sent: Saturday, 10 May, 2008 6:48:59 AM
Subject: Re: [amibroker] ( Mr. Lal)Re: Jake Bernstein Momentum formula

Hi Mr. Lal,

Yes, I am sure of that. Well, after 19 years spending in stock market.

I have come across lots of 100% sure shots which miss at last. Amibroker gave me a way to explore. I have used more than 75-85 software and playing amibroker from ver. 3.35. Remember I am not talking about making profit. I am talking about indicators.

After all I found that doing lots of back testing, computing complex formulas produces the same results which u can get from traditional indicator.

For example. You use MACD. Yes it will give you whipsaws too and donʼt tell me it gives late entry. But you can tune it a bit more adding ADX. How,

Make condition. You buy when both indicators are agreed. Now explore past data with these two indicators and find how many whipsaw was avoided.

Still you are confused?? Tell me I will write in details with graphs

Bye for now

Kailash Pareek (johnny)

www.moneybulls. blogspot. com

----- Original Message ----
From: Lal <klal25@xxxxxx co.uk>
To: amibroker@xxxxxxxxx ps.com
Sent: Friday, May 9, 2008 7:05:57 PM
Subject: Re: [amibroker] Re: Jake Bernstein Momentum formula

"So, nothing is for sure."

And you're sure of that?!!

----- Original Message ----
From: kailash pareek <johnnypareek@ yahoo.com>
To: amibroker@xxxxxxxxx ps.com
Sent: Friday, 9 May, 2008 2:03:59 PM
Subject: Re: [amibroker] Re: Jake Bernstein Momentum formula

Well, i love arguments. because it gives us good things.

Well, nothing is for sure here. you see u optimized 10 years data and there was only 3 conse.. looser trade. Now think u start trading and those three trades r ur 1st 3 trades. u loose n lost confidence.

So, nothing is for sure.

just a penny

johnny

Sent from Yahoo! Mail.
A Smarter Email.

Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now.

Sent from Yahoo! Mail.
A Smarter Email.