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Hi Steve
Found a BBOsc formula on the Guppy site very similar
to yours, and have already been testing it:
100*(C-Mov(C,20,S)+2*Stdev(C,20))/(4*Stdev(C,20))
It charts similarly to yours, but obviously it's
constructed differently, so I'll definitely make a
closer comparison.
Question:
Do you use Stops at all, or do you always make the
assumption that price will eventually confirm the
oscillator? Example: let's say you shorted S&P500
on latest entry into OB zone- wouldn't that incur
quite a drawdown, especially if the current uptrend
turns into a trending market?
I guess what I'm asking is... what are your stop/
money management rules, if you don't mind sharing
them? If you can emotionally tolerate a large
drawdown,
I believe that's a great asset if you're confident
in your trading system.
By the way, I'm enjoying your site and daily comments.
Thanks.
--- Steve Karnish <kernish@xxxxxxxxxxxx> wrote:
> List,
>
> Here's a "freebie". I know it's not the my deeply
> guarded secrets about "Cybercast" and my new and
> improved "MOOSE" approach, but hey, it's free and
> simple. This is the "loss leader". All those that
> profit "wildly" from this approach are obligated to
> buy "mondo expensivo" proprietary systems that I
> will market in 2000. Yes, Mark Brown, I have nasty
> motives behind my posts. First you give your work
> away for a couple of years and then you "screw"
> everyone by "forcing" them to buy your software.
> But before I put the "screws" to everyone. I
> challenge the list to post a credible system that
> has a better return than the attached approach. I'm
> all "eyes". Many are quick to ridicule, few
> actually disclose any formulae or approaches. The
> BB Histogram that I use has slightly different
> numbers substituted in the formula than the "off the
> shelf" one that I present. This shouldn't affect
> the profits.
>
> BB Histogram:
>
> ((C+2*Std(C,20)-Mov(C,20,S))/(4*(Std(C,20)))*100)
>
> Sell the opening days after the BB Histogram
> penetrates 100 and buy when it penetrates zero. Add
> to positions when the BB Histo leaves "above 100" or
> "below zero" and then "repenetrates" the trigger
> levels (see attached charts).
>
> I believe this approach has recorded 11 straight S&P
> winners, with 700+ points. "But Steve, this system
> must not be working any more because it is losing
> the last trade you put on". Right!
>
> My only disclaimer is that I guarantee that I will
> sell software, charting services and anything else
> that I can think of to make a "buck" in 2000. In
> the meantime, suck all the free stuff from me you
> can copy. And most of all, please note, the biggest
> antagonists on the list provide absolutely "zero"
> when it comes to helping you trade. Seek the
> answers from "within" (with some shortcutting help
> from people that are willing to share).
>
>
> Steve Karnish
> Cedar Creek Trading
> http://www.abbracadabra.com/cybercast/
>
> ATTACHMENT part 2 image/gif name=SPM.gif
> ATTACHMENT part 3 image/gif name=SPZ.gif
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