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A couple years Mr. Ruggiero wrote a series of
articles in FUTURES magazine in which he said that
mechanical systems based on indicators (such as
moving averages, RSI, Bollinger Bands, etc.) were
flawed and untradeable. The only sensible mechanical
systems are those based on price patterns alone,
says Murray R.
I hope somebody in the Stanford group asks him
whether he still feels this way. He seems to now
be selling a software product called "Traders Studio"
which helps people develop mechanical systems based
on moving averages and other indicators. Somehow
this reminds me of a protest song written by Tom
Lehrer, containing the classic line
"A man whose allegiance, is ruled by expedience"
<http://www.mail-archive.com/pen-l@xxxxxxxxxxxxxxxxxxx/msg47339.html>
The CT Trader's Group, (Formerly a TradeStation User's Group) will meet
for dinner at a restaurant
in Stamford, CT at 6:30 PM on Wednesday, June 1 at 6:15 PM.
All traders living in Connecticut, and in nearby New York and New Jersey
are welcome. If you are
interested in attending, send an e-mail to jimsul@xxxxxxxxxxxxx and I will
send you more
information. Please do not reply to the Omega-List.
Our featured speaker at this meeting is Murray A. Ruggiero, Jr. His talk
is entitled: "Developing
Trading Systems in the 21st Century: A Guide to Developing Trading
Systems for Futures and
Equities".
Master system developer, Murray Ruggiero, is well-known in trading circles
for his rigorous
approach to developing successful trading systems. President of Ruggiero
Associates, he is one of
the world's foremost experts on using intermarket and trend analysis to
locate and confirm
developing price moves in the markets. Ruggiero's college degrees in
astrophysics and computer
science prepared him for a mathematical approach to neural net and
artificial intelligence (AI),
systems development, and he was soon in demand by some of the largest
trading houses on Wall
Street.
Featured on CNBC, Business Week, Stocks and Commodities Magazine, Futures
Magazine, and many other
trading publications, Ruggiero has written books, including "Cybernetic
Trading Strategies.." and
"Traders Secrets: Psychological and Technical Analysis" (with Adrienne
Toghraie). He publishes
the bi-monthly Insider's Advantage newsletter service which can be
accessed on www.IAGoldClub.com
.
Additionally, he is vice-president of research and development for Traders
Studio, Inc,
http://www.TradersStudio.com a state-of-the-art platform for developing
trading systems while
applying money management strategies. This software also runs
TradeStation Easy-Language code so
system developers can take existing systems and further refine their
concepts in this new
TradersStudio Trading Platform environment.
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