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Trading Systems are like your indicators, we individually
respond to some better than others. I had searched for two years trying this and
that until I found one in a series of two books by the same author, Bill
Williams (not his more famous *brother* Larry) Bill Williams (really no relation
to Larry) unveiled for me a very good system. It is very simple, no brainer, and
actually works best when you follow it to the "T" (less chance of second
guessing it, which for me, works much better with my analytical mind that wants
to tinker).
Can be traded intraday, daily, etc., and works very well with
indexes, some commodities, and probably stocks (Bill claims it does, I have not
tested it very far in stocks, although I am sure it does work quite
well).
If you are looking for a system, check him out. His first
book, Trading Chaos, came along at the perfect time for me, and I immediately
followed it with New Trading Dimensions, his second book, which takes a quantum
leap forward.
Metastock has Bill (who is a PhD, and I do not hold that
against him since he also has 40 years of trading experience) as "Trading
Advisor", but the system laid out in his book is so far superior, for
commodities, than what is in Metastock, that I had completely ignored it when
going through Metastock's capabilities last year.
In short, there are a lot of systems out there, one has to
find one that feels comfortable.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lionel Issen
To: <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Saturday, October 07, 2000 7:05
PM
Subject: Re: Online Investors
Advantage
Larry:
I haven't seen Online investors
advantage.
About a year or two ago there was a related
discussion about Omnitrader. Omnitrader has about 1/2 dozen indicators that
are used to evaluate a stock. the sock that has the most pluses is presumed to
be the best buy.
Several contributors pointed out that since the
indicators did not fire simultaneously, the results of the selection would be
sort of average. I'd like to add that Chande and Kroll in "The New Technical
Trader" point out that all price-only indicators are highly correlated, hence
it doesn't pay to use more than a few. I have noticed that I tend to
react/respond better to some indicators better than others, even though they
are giving the same signal, and that it is important that the indicator chart
be eye catching, like thicker lines, different colored lines, and so
on.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxx";>lissen@xxxxxxxxx
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
LPetersen
To: <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Saturday, October 07, 2000 4:57
PM
Subject: Online Investors
Advantage
Erich Not related to MS, this company promises a 10
parameter stock scan engine, which includes both fundamental, and technical
factors (including things like insider transactions). I saw their
interesting slide show demonstration, at the Peter Lowe seminar, in
Anaheim. Unfortunately, their web page is less revealing. I have
ordered their brochure, and plan on attending their next seminar in San
Diego.
Does anyone have any comments about Online Investors
Advantage?
Larry
http://www.i-advantage.com/
Erich Kohlhofer wrote:
Hi, where can I find trading systems? I am looking
to develop or find something better than I am using presently.
Erich
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