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Forgot to note in last post: I also have Omnitrader. I think I
was looking for a system that was always right, and there ain't no such thing,
much to my dismay (ha!). Omnitrader's biggest feature for me is the daily
commentary by the founder, whose calls on the indexes are very often quite good.
As a system, quite good. But again, I could not follow that "system" to the
letter, and that system encouraged you to use other TA methods, along with
Omnitrader. It has a build in "System Tester" which Metastock should copy (of
course, and pay the royalties).
If you like Elliott Wave try Robert Miner's book Dynamic
Trader, for about $100 you actually can see quantitatively how to apply
fibonacci and wave counts. I am using the software that Miner also has, and
follow the daily Future's Reports that are a part of the Dynamic Trader system.
Incidentally, Dynamic Trader software seems to have build in some of the
"settings" that Bill Williams uses. I get the Williams' buy and sell signals
very easily using Dynamic Trader.
If you like Elliot Wave read the several Pretcher books (But
skip On the Crest of the Tidal Wave unless you want to be bummed out. Of course,
if you like to go short, then it won't be so bad.) If you know something of
Elliot Wave read his last book integrating Socionomics into life and the
markets. Beautiful approach to the world.
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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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