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Hi John,
What is OSCP?
The formula that I call "Price Oscillator" is written as follows:
If( PeakBars(1, CLOSE, 2) < TroughBars(1,CLOSE,2),
{then}CLOSE-Peak(1,CLOSE,2),
{else}CLOSE-Trough(1,CLOSE,2));
I find that since I have written a "System Test", "Expert Advisor",
and an "Explorer", it is easier for me to "call" this formula than
to write it in all 3, multiple times.
I read some of the post in this group and I'm amazed at the
ability of those who can predict market direction!
I would like to further clarify that am not able to speculate market
direction.......so I use my system NOT for predicting future
actions, just to follow the action as close as I can. This oscillator
is used in my system to show the peaks and seems to work well
in my "Expert Advisor" to generate buy and sell signals. Since I
work mostly in commodities I'm not sure if it would be of any
use in long term stock trades.
Thanks,
Adam
-----Original Message-----
From: John Manasco <manasco@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, August 22, 1998 3:14 PM
Subject: Re: Weekly Pick (long), ...picking weakly
>Von Hef wrote:
>>
>> Thanks John and Steve for your valuable insight!
>> My system is also mechanical and I mostly deal in the Futures market,
>> so I will post my system test using Lumber also. First I decided
>> to use a mechanical system to help remove the "emotions" from
>> my trade decisions. Also this system is new (I am also a little
green.....to
>> trading) so I am still testing this on different markets.
>> This system simply uses a crossing oscillator of PEAK and TROUGH to
>> trigger buy and sell signals, so far there seem to be little fitting
needed
>> to
>> apply to other markets, but my testing is not yet exhaustive. It could
>> easily be
>> modified for different trading styles such as "The Trend Is Your Friend"
>> and other rules.
>> PLEASE feel free to critique, suggest, comment or "warn of impending
>> danger".
>> I value the experience thats in this group!
>> Adam Hefner
>> VonHef@xxxxxxxxxx
>>
>
>Adam
>
>Thanks for joining in on this discussion. I do appreciate it.
>
>In your system test why do you use "fml price oscillator" instead of the
>formula itself, oscp? I assume you're satisfied with the default values
>but maybe not. Sometimes I think I try to overoptimize a system and am
>better just leaving it alone.
>
>John Manasco
>
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