Re: [EquisMetaStock Group] Mechanical trading system book recommendation

[Eduardo Gontan Pulgarin <con051204@xxxxxxxxxxx>]

Hi Oscar,
   
  Here try this:
  http://www.tradingpatterns.com/News/Book/bookdetails/bookdetails.html
  A word of warning: mechanical systems do have some drawdowns; Michael Harris's book on Price Patterns is probably the best you'll find on mechanical systems, and his software does what it says it does.
  Also, the software generates code in Metastock, so all you've got to do is copy and paste it on the System Tester and run the test; no indicators are used, only the Open, High, Low and Close of the price bar, and the pattern comes with stop loss and profit target in % terms, along with the type of entry, for examplem torrow at the open; you'll find some code for a few patterns at the end of the book.
  But you will not become rich overnight using this system...sorry!
  If you prefer I can send you this reply in Spanish on private message.
   
  Eduardo.

"Oscar Salas F." <osalasf@xxxxxxxxxxxx> wrote:
          Please, anybody can recommend me a good book on
mechanical trading systems? I'm a newbie on this
subject. Thanks in advance.

Oscar Salas

Oscar Salas Fernandez
Santiago de Chile
Denuncia a constructora Castro y Tagle
http://www.denunciaacastroytagle.com
http://www.denunciaacastroytagle.cl
http://denunciaacastroytagle.blogspot.com





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