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Carl,
Thanks so much for the URL, where did you find it?
I will take me a while to reinstall my TS2Ki to try Ulrich-Wolfram Kästner's
code and see how close it comes to Bill's Investor's Dream results (I have
given up on Omega for the time being). It will be educational to see what
results come out of this much of Bill's system.
The author points out in several places that he has not implemented the total
system Bill teaches and I suspect this may lead to some of the differences
of opinion of results. To quote the author "What I don't want to do: I don't
want to implement the whole method ! Why ? Because it is not possible:
I would have to use Elliot Wave, trade divergences, make executive decisions."
One example I can share from personal experience is the way Bill
uses Elliott Wave counts to stay out of the market during a Wave 4.
I originally was ignoring the Elliott Wave, and would follow the trade signals
on into Wave 4, this is where the whipsaw would kill me. What I learned was
to stay out and wait for Wave 5 to begin.
I am in no way saying that Bill's system is for everyone, nor can I say that
it is the best for everyone. I don't believe there is such a system, all I can
say is I can relate to Bill's system and I can use it to make a return I am
happy with. I am always looking for better returns however.
Carl wrote:
> I believe the following was posted here a Long time ago.The B Williams
> stuff seems to be a hot topic every now and then.
>
> I am not rendering an opinion,just reposting from the public domain.
>
> http://home.t-online.de/home/UWKaestner/billw20.htm
>
> Richard Mitchell wrote:
> >
> > Hi all,
> >
> > I have been using Investor's Dream for almost a year now, you should note
> > that this software is positioned and provided as a training aid for Bill's
> > Profitunity Trading System, is is not positioned as a Trading system
> > by itself. The current version 1.80, is an EOD system only, it does
> > not work with Real Time Data Feeds.
> >
> > For those who would like to see it work on some historical data, the
> > Profitunity Web Site offers the current version for free download.
> > In this state it will only work on the sample data provided, if you
> > purchase Bill's home study course, you get an unlock code for
> > your computer which will allow it to work with many EOD data
> > sources, I use TC2000 data for stocks, and an ASCII set of
> > files for futures. If you take Bill's course, he also has his system
> > programmed to run on Metastock and Omega (TS4 & TS2K). For
> > real time trading CQG offers his system (this is what he trades with
> > in his trading office).
> >
> > It should be noted that I am just a happy Student of Bill's and
> > found his teaching (both home study and personal tutorial) to
> > be well worth the time and money. I have focused mainly on
> > stock & stock option trading using his teachings, however he
> > trades futures and mainly teaches futures.
> >
> > I am a strong believer that just because I relate to this system
> > well doesn't say Bill's system is for everyone. Check it out for
> > yourself and make your own decisions.
> >
> > Rick Mitchell
> >
> > Carl Vanhaesendonck wrote:
> >
> > > Has anyone tried Williams "Investor's Dream' software ? I would like
> > > opinions on the reliability of it. I remember it has been quite advertised 1
> > > or 2 years ago and I just came back to one of this promotional material.
> > > Also, does this software a build-in performance testing ?
> > >
> > > Thank you for your insight.
> > > Carl Vanhaesendonck
> > >
> > > -----Message d'origine-----
> > > De : Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
> > > Envoyé : 12 November 2000 20:31
> > > À : babakid@xxxxxxxxxxx; omega-list@xxxxxxxxxx
> > > Cc : webinquery@xxxxxxxxxxxxxxx
> > > Objet : Re: Bill Williams system
> > >
> > > >From: "Brian/Louise Garnant" <babakid@xxxxxxxxxxx>
> > > >To: <omega-list@xxxxxxxxxx>
> > > >CC: <webinquery@xxxxxxxxxxxxxxx>
> > > >Subject: Bill Williams system
> > > >Date: Sat, 11 Nov 2000 13:11:20 -0500
> > > >It is
> > > >a very simple system - to answer about the other indexes - works well on
> > > >Nazdaq and incidentally, there are much more volatile commodities than
> > > >either the Naz or the S&P: coffee, cocoa, Australian Dollar to name three
> > > >that immediately occur to me....
> > >
> > > Brian:
> > >
> > > Although coffee has its spikes, the idea that the OZZY, coffee, or cocoa are
> > > more volatile than the Nasdogs, is just not true. The NDX has rallied 1300%+
> > > off the 1994 low, and has had four 40%+ swings just this year (so far). The
> > > last time Cocoa went wild was in the 70's, and even that mania does not
> > > match this one in the NDX.
> > >
> > > Any way you slice it the Nasdaq 100 is the big dog right now.
> > >
> > > Bill Wynne
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