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<DIV><FONT size=2><U><FONT color=#000080>CYCLETRADER 5.0 BETA, 16 BIT VERSION (
32 BIT NOT AVAILABLE YET </FONT></U>)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>ELAPSED TESTING PERIOD: 4 weeks</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000080 size=2>MAIN INDICATORS:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Cycle Analysis & Timing Band Calculators, Detrended Moving
Average and Cycle<BR>H/L, Congestion Bands, Divergence, Exponential Moving
Average, Parabolic<BR>Stops, Redline, RSI, Stochastic, Redline, RSI &
Stochastic Trade Entries,<BR>Automated Timing Bands, & Volatility
Indicator.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000080 size=2>KEY NOTES:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>This version contains significantly less individual cyclical
measurement<BR>tools as indicators. Instead, they have been been incorporated
into the new<BR>Cycle Analysis indicators . Another unique feature of 5.0 is its
Knowledge<BR>Database generation which is built by running the Cycle Analysis
indicators<BR>mentioned below. It is from this database that all cycle inputs
are read<BR>into the individual indicators. Much needed improvement. You can
determine</FONT></DIV>
<DIV><FONT size=2>which type of cycle length to trade with. The database will
also allow the </FONT></DIV>
<DIV><FONT size=2>trader to view the statistical output, the validity, and
accuracy of the data in the database.<BR>This should help traders determine the
best time frame to trade a particular<BR>market.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><U>Cycle Analyst </U>- Calculates the recent, dominant
and long term cycle
lengths<BR>
for each market.</FONT></DIV>
<DIV><FONT size=2><BR><U>Set Cycle </U>- Sets the three cycle lengths for timing
band calculation.</FONT></DIV>
<DIV><FONT size=2><BR><U>Set Time Bands</U> - Automatically calculates the
timing bands for the
various<BR>
cycle lengths.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Once these analytical tools are set up, your initial database
will have been<BR>created. Now you can begin adding the other indicators to your
charts. As<BR>you add your indicators, the database will supply the
necessary cycle<BR>length input for each indicator. Again, you determine
which cycle length to<BR>trade by varying the input in each indicator (Recent,
Dominant or Long Term).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Probably the most wanted and desirable indicator for
existing users are the<BR>Automated Timing Bands. Well, they are here, and they
work REALLY well. All<BR>one needs to do is click on the Expert Commentary
symbol and then click on<BR>the last cycle low. There you have it. All within
seconds. They are updated using the<BR>information stored in the database. Once
again, you can determine which<BR>cycle length and whether to use a peak or
median occurrence.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The code used in the timing band indicators is extremely long
and complex to acheive<BR>this automation. T</FONT><FONT
size=2>herefore the expert commentary </FONT><FONT size=2>will not generate
dates and times of<BR>the projected cycle highs or lows in the 16 bit version.
To compensate for this limitation, a<BR>early warning alert was incorporated
into the timing band indicator. The<BR>alert allows you to be notified 1,2,3 or
more bars before or after the peak<BR>or median occurrence. This is a great
feature. I personally find it better<BR>than specific dates and times. The
Expert Commentary dates and times will be<BR>generated in the 32 bit version for
TradeStation 5.0 since there is no 64kb<BR>limitation.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The Parabolic stops have been upgraded as well. Not only do
you have the<BR>existing one point exit indicator, but a multiple exit parabolic
stop<BR>indicator as well. This is a welcomed indicator for those who
trade multiple<BR>contracts. Now you can exit from multiple contracts gradually
as you work through the cycle.</FONT></DIV>
<DIV><FONT size=2>This provides an important money management tool to
CycleTrader.<BR>The beta test version requires manual entries to determine
the exits. </FONT></DIV>
<DIV><FONT size=2>The defaults settingswork fairly well. </FONT><FONT
size=2>It is my understanding that a automated </FONT></DIV>
<DIV><FONT size=2>version is in development. They will probably work similar to
the automated timing bands. WHO HA !</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The new set of Divergence indicators are interesting too. They
have been<BR>enhanced to plot and alert you when a divergence has occurred. No
more interpretating an indicator.</FONT></DIV>
<DIV><FONT size=2>This should help new traders with the interpretation of this
indicator.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>A Volatility indicator has been added for those who look
at market<BR>volatility. This indicator can be plotted in numerous
ways to fit<BR>individual preferences. Again, to help identify turning
points in the<BR>market.</FONT><FONT size=2>The other indicators, from what I
can tell, are pretty much the same as in the </FONT></DIV>
<DIV><FONT size=2>previous version and work with the same ease.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#000080 size=2>PAPER & REAL TRADING RESULTS:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>After spending the fews week testing and reviewing the
indicators, I decided to take</FONT></DIV>
<DIV><FONT size=2>a few paper trades for the next few days. It
appeared the indicators were working well</FONT></DIV>
<DIV><FONT size=2>and with the same high degree of accuracy experienced in CT
4.0. The next step was </FONT></DIV>
<DIV><FONT size=2>to take real trades. Well, the results were profitable and
in line with my past trades</FONT></DIV>
<DIV><FONT size=2>with CT 4.0. However, what a difference the automated timing
bands made. WOW !! </FONT></DIV>
<DIV><FONT size=2>They really allowed me to focus MORE on trading and not on
entering dates and time to update </FONT></DIV>
<DIV><FONT size=2>the indicators </FONT><FONT size=2>a</FONT><FONT size=2>ll the
time. Trading made easier. Thanks Bob.</FONT></DIV>
<DIV><FONT color=#000080 size=2> </FONT></DIV>
<DIV><FONT color=#000080 size=2>SUMMARY:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Over the past four weeks of testing, I found only a few minor
errors, all of<BR>which have been corrected and retested with complete
satisfaction. </FONT></DIV>
<DIV><FONT size=2>All in all, I feel the program is simplier and much more user
friendly than the previous versions.</FONT></DIV>
<DIV><FONT size=2>The indicators are all adjustable so they can be fine tuned
to the markets you trade.</FONT></DIV>
<DIV><FONT size=2>I have not received any written documentation, so I cannot
comment on it. The<BR>initial setup was effortless and easy to do. There is
one great feature<BR>coming with CycleTrader 5.0 that is outstanding for new
users and maybe<BR>existing users. Screen Cams. This is a full multimedia
instruction manual<BR>that shows you how to setup and use each indicator.
SUPERB.</FONT></DIV>
<DIV><FONT size=2>It is my belief (not speaking for the developer) that a
release date should be near.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#ff0000 size=2>DISCLAIMER:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#ff0000 size=2>Any mention of an indicator or feature in this
review of CycleTrader 5.0 is subject to deletion </FONT></DIV>
<DIV><FONT color=#ff0000><FONT size=2>or change prior to the final release.
Further</FONT><FONT size=2>more new indicators may be added prior to the final
released version.</FONT></FONT></DIV>
<DIV><FONT color=#ff0000><FONT size=2>There is no solicitation intent with this
</FONT></FONT><FONT color=#ff0000 size=2>software review. No compensation has
been, nor will be received, as a result of it.</FONT></DIV>
<DIV><FONT color=#ff0000 size=2>The review is done independently and <U>not
</U>at the request of the software developer.</FONT></DIV>
<DIV><FONT size=2><FONT color=#ff0000>Any further questions about this disclimer
should be sent directly to the beta tester at:<BR></FONT><A
href="mailto:forex@xxxxxxxxxxxxxx";>forex@xxxxxxxxxxxxxx</A></FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Respectfully Submitted,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Richard Chehovin</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BODY></HTML>
</x-html>From ???@??? Wed Apr 28 14:41:25 1999
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Reply-To: dickwebb711@xxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Cheap Seminar
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Status: U
For those who live in Southern California, the Market
Technician's
Association is offering a special Thursday afternoon
series of
workshops on Technical analysis on May 13. Speakers
will include
John Bollinger, Stewart Taylor, Larry Katz, Larry
Berman, Mike Moody
and Paul Rabbitt. The charge is $40 - quite
reasonable to further
your education in technical analysis!
The MTA Annual conference will be held at the
Manhattan Beach
Marriott from May 13 - May 16. For more information
on the
workshops or the whole conference, call 212-912-0995.
Some of
the best technicians in the country, including Jim
Frasier,
Arch Crawford, Jim Dines, Nelson Freeburg, Chuck
LeBeau, and
Sherman McClellan will be giving presentations.
===
Big Lucky Dick
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