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Bud,
do you use MetaStock to get the McClellan Oscillator or do you get
your figures from the 'Net? If you get them from the 'Net, please
send me the URL. I need to compare my figures.
Daniel.
Songyun Fox wrote:
> Hi Guy.
>
> I think it was a good call on the Nasdaq.
>
> Nasdaq Mc Clellan Oscillator got down to -243 10/11. Given
> Oversold is -200 it is very likely your trades are well
> positioned for a profit return. I might be early
> But I think it was a good call.
>
> Bud Fox
>
> Guy Tann wrote:
>
>> Neo,
>>
>> I'm not trying to be cryptic, but these are indicators that we
>> have
>> developed over the last 40 years or so. Prior experience (take
>> Williams and
>> how he made $1mm trading the silver market) shows us that once
>> these are
>> made public, they cease to work, either from too many people
>> trading them or
>> from bigger traders triggering false signals. My dad is adamant
>> in keeping
>> this proprietary.
>>
>> What I can tell you is we use strictly the O, H, L, and Close. We
>> feel that
>> all information is accounted for in the daily price activity. We
>> don't use
>> any of the prepackaged indicators and have written all of our
>> own. The only
>> features of MS that we use are moving averages (of our indicators)
>> and
>> regular addition, subtraction, multiplication and division. Our
>> basic
>> system (SP39) is comprised of 6 different signals, to which we
>> have applied
>> weights. Our final SP39 signal is the arithmetic total of these 6
>> weighted
>> signals and can vary from between -10 and +10. Our signals are
>> all
>> mathematical and we don't do any charting, except occasionally.
>>
>> Our signals are probability based. By that I mean, we "know" (if
>> we really
>> can ever know anything) that, on average, we will make money on 3
>> out of
>> every 4 trades. We have been able to maintain that probability of
>> success
>> for over 15 years now. As I've stated publicly on this list, we
>> would make
>> a ton of money and then lose it all. This was not a system
>> problem, but a
>> problem with the traders (my brother and myself) getting greedy
>> and
>> reinvesting too much money and, as we discovered, running a 100%
>> Risk of
>> Ruin. We proved that several times over the years. Beginning
>> last year or
>> so, we started applying sound (at least we thought they were
>> sound) money
>> management techniques and have managed to weather a couple of
>> major losses
>> (including our current open trade).
>>
>> I've tried to encourage everyone to work on developing his or her
>> own
>> trading system as we believe that anything you can buy is not
>> worth what you
>> pay for it. We also encourage everyone to paper trade for a while
>> before
>> risking real money, and finally we recommend that you start this
>> development
>> manually, just so you don't fall into the optimization trap, where
>> you
>> develop your system using 100% hindsight.
>>
>> Regards,
>>
>> Guy
>
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