|
PureBytes Links
Trading Reference Links
|
All this talk of planetary alignment, Ehler's oscillators, and random noise,
is in my honest opinion, is not tradable and belongs on the growing heap of
worthless trading rubbish.
As they said on Jerry McGuire, 'Show Me the Money !" -- show me that you can
take all those
lines and planetary charts and consistently make money; if you can't, it is
a big waste of time.
This attached system (with accompanying indicators) follows the basic
tenents of good trading discipline:
1) let profits run,
2) cut losses short,
3) trade with the trend
other disciplines need to be followed such as:
4) proper diversification (never expose more than 2 to 5% capital risk on
any one trade)
5) close attention to the economic and business fundamentals that apply to
the stock or futures market you are trading. (i.e. don't buy just
because a
stock is going up and don't sell just because a stock is going down.
Understand the 'why' and be reasonable about the likelihood of
continuation/
follow-through.)
I trade with a similar system (that gives less whipsaws) and catches almost
all major trend moves. The use of this type of system should benefit the
trader who is searching for something that works. Throw away the planetary
charts and the noise diagrams, be realistic, read the news, and start making
money, or find a new hobby !
JT
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++
{ *******************************************************************
Indicator : TFS (Trend Following System)
Last Edit : 7/2/2000
Provided By : James Taylor, Principal
TechTrading Corp.
www.techtrading.com
Description :
Variation of the function from the June 200 edition of S&C Magazine,
Bryan Strain, Author.
********************************************************************}
Vars: VolOsc(0);
If Close > Open then
VolOsc = Volume;
If Close < Open then
VolOsc = - Volume;
{Original concept logic}
{If Close Crosses Above ((Highest(High, 50) + Lowest(Low, 50)) / 2) then
If Average(VolOsc, 7) > 0 then begin
Buy;
ExitShort;
End
Else
ExitShort;
If Close Crosses Below ((Highest(High, 50) + Lowest(Low, 50)) / 2) then
If Average(VolOsc, 7) < 0 then begin
Sell;
ExitLong;
End
Else
ExitLong;}
{ This variation appears to be more profitable than the original }
If Close > ((Highest(High, 50) + Lowest(Low, 50)) / 2) AND
Average(VolOsc, 7) > 0 then begin
Buy;
ExitShort;
End;
If Close < ((Highest(High, 50) + Lowest(Low, 50)) / 2) AND
Average(VolOsc, 7) < 0 then begin
Sell;
ExitLong;
End;
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
{ *******************************************************************
Indicator : TetherLine (Trend Following Indicator)
Last Edit : 7/2/2000
Provided By : James Taylor, Principal
TechTrading Corp.
www.techtrading.com
Description :
This function is from the June 200 edition of S&C Magazine.
********************************************************************}
Plot1((Highest(High, 50) + Lowest(Low, 50)) / 2);
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
++
{ *******************************************************************
Indicator : VolOsc (Volume Oscillator)
Last Edit : 7/2/2000
Provided By : James Taylor, Principal
TechTrading Corp.
www.techtrading.com
Description :
This function is from the June 200 edition of S&C Magazine.
********************************************************************}
Vars: VolOsc(0);
If Close > Open then
VolOsc = Volume;
If Close < Open then
VolOsc = - Volume;
Plot1(Average(VolOsc, 7), "VO");
Plot2(0, "ZeroLine");
Attachment Converted: "f:\eudora\attach\TFS.ELA"
|