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http://www.markbrown.com/oddball/brown.htm
that should get you started
ss
----- Original Message -----
From: "Louis Roston" <lroston2@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, November 01, 2001 11:50 PM
Subject: Re: [RT] RT:ODDBALL
>
> Hi,
> I've been following the oddball thread for a couple of days and your
> comments interest me. Looked at my old issues of
> Active Trader and couldn't find an issue with the article you mention.
> Would appreciate a URL to help find information.
> Thanx
> Lou Roston
>
> At 10:30 AM 11/1/2001 -0800, you wrote:
> >Last year when Mark published his article in Active Trader I asked him about
> >stops, particularly the risk of overnight exposure. He acknowledged the
> >inherent risk, but he also said that was one of its strengths in that the
> >gaps tended to benefit it more so than not. He also emphasized the basic
> >system was an example of how simple a system could be and yet be quite
> >profitable in the long run. Yet, who in the real world can trade without
> >stops? He also planned followup articles enhancing the system.
> >
> >Since the OddBall system samples hourly during the day session, it leaves
> >you exposed for an entire hour at a time plus overnight. Commissions are
> >low these days so exiting end of day and re-entering the next day is one
> >option. Another is to put on an option hedge before the close and taking it
> >off the next morning, Ben or IRA could explain the details of this. Since
> >the Oddball has time filter qualities try using a time based type of stop.
> >Intraday try using a "multi-timeframe" type of channel. Suppose you are
> >using 3 minute bars and using Charles Johnson's array sampling
> >code(excellent stuff) then create a highest high and lowest low and midpoint
> >channel to protect you during that hour long exposure. Twenty bars would be
> >one hour so a midpoint line based on the highest high and lowest low might
> >be of value. I haven't backtested this with the oddball system, but have
> >been watching it today. Problem is, the oddball system is optimized for
> >simplicity and additions to the code may detract from its performance.
> >That's the tradeoff. Another thing you might try is not taking the first
> >9AM ET or 8AM CT trade until another half hour has passed. The reason is
> >the two half hour drives that occur are one source of the whipsaws.
> >
> >plot1(Highest(H,20),"H");
> >plot2(0.5*(Highest(H,20)+Lowest(L,20)),"Mid");
> >plot3(Lowest(L,20),"L");
> >
> >Use the Mid line for a stop and re-entry in the direction of the current
> >Oddball signal.
> >
> >bobr
> >
> >
> >----- Original Message -----
> >From: "Eliot Kaplan" <eliot@xxxxxxx>
> >To: "RealTraders Mail List" <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Thursday, November 01, 2001 9:53 AM
> >Subject: Re: [RT] RT:ODDBALL
> >
> >
> > > Michael,
> > >
> > > I just started following the Oddball about a week ago, and it has had
> > > 2 great signals (20-30+ point winners), followed just the last day or
> > > so by 2 that were small losers, and today's which remains in process.
> > >
> > > It seems quite remarkable overall.
> > >
> > > I myself am wondering how to trade it using a stop. I can't trade it
> > > without one for obvious reasons, and have been considering a 10 point
> > > SP emini stop as perhaps wide enough to stay out of it's way. I'm not
> > > a backtester, so I imagine, others have tried to test this, and it
> > > would be interesting to hear BobR or others comment on the use of
> > > stops with Oddball.
> > >
> > > Essentially, does a stop ruin it? And what lengths show best results?
> > >
> > > Eliot
> > >
> > >
> > >
> > > >BobR, or anyone following oddball? wonder if it got whipsawed yesterday,
> > > >thought $ADV was advertising close on high.
> > > >
> > > >Pretty choppy SP. Looks like expiration. Looks like Earl nailed it, ND &
> >SP
> > > >clashing.
> > > >
> > > >
> > > >
> > > >To unsubscribe from this group, send an email to:
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> > > >
> > > >
> > > >
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> > >
> > >
> > > --
> > > ^^^^^^^^^^^^^^^^^^^^^^^^^^^^
> > > Eliot Kaplan
> > > 20211 Croydon Lane
> > > Topanga, CA 90290
> > > Voice: 310.455.3810
> > > Fax: 310.455.3085
> > > email; eliot@xxxxxxx
> > > web: www.isu.com
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
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> > >
> > >
> >
> >
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>
> Lou Roston
>
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