|
PureBytes Links
Trading Reference Links
|
The attached .gif file is a "screen capture" of the output
of a program which I use to evaluate systems (and parameters
of systems) over a group of 24 commodities which have shown
good behavior with respect to long term trend following
concepts.
This is the result of simply applying James system to these
commodities. NO MONEY MANAGEMENT or any of the
other things that James mentions as important.
As he says this is a place to start and the portfolio approach
is the ONLY WAY to go in evaluating such systems.
Later I'll apply my own concept of Money Manaement and
Take Profit and see what falls out of that.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
To subscribe / unsubscribe from SwingMachine list
http://www.egroups.com/list/swingmachine/
After joining list the freeware SwingMachine program
(DOS Version) is available in the VAULT at:
http://www.egroups.com/list/swingmachine/
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
----- Original Message -----
From: "James Taylor" <jptaylor@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 02, 2000 13:42
Subject: [RT] A Trading Systems that Works
> 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\JUNK34.GIF"
|