|
PureBytes Links
Trading Reference Links
|
However, if you want to do a little experiment take an excel sheet
and run a stream securities and calculate the range from the prior
days close and then compare it to one calculated from the high of the
range of each bar… You will find your missing a lot of market
action that is not present or is lagged. That is why I am trying to
find another method. Add cap weighting and you have another animal
altogether….
Duke
*** About OB
I have been trading OB since it's release about a year and half ago. I
have spent and obsessive amount of time trying to figure out what it
does and how to improve upon it. I know (want to belive) that
something can be done to improve it's performance. Though honestly as
is, it has out performed anything I have ever seen.
I did (hopefully not by luck) do better, by adding contracts per
50,000 made and waiting until it has 3 losers in a row before adding
that new additional contract. I latter revised that add on to 65,000
and now am trading 6 contracts from a high of 15 because I took some
money out to buy a nice car. Which looking back was very stupid of me,
I should have financed the car, oh well.
OB uses a Rate of Change length of 7 because thats how many natural
hour bars there are in a trading session. This makes a comparison of
the exact same time yesterday. The buy and sell levels of the Rate of
Change are inconsequential I belive and have seen several say so. The
reason the close of the advancing issues is used as I understand, is a
looseness of fit is obtained.
I would love to know why "the advancing issues" were picked. However
MB claims that it was not picked by him but rather by a computer
algorithm or something. This is the burning question I would like an
answer to because if you look at the data it's weird and unbelievable
that anyone would pick that data by itself for anything. Plus how does
it trade the SP without using SP data? I have spent considerable time
and effort to understand and improve it.
One person suggested a while back using a program to create their own
advance basket of preferred stocks and as they continued to refine the
data more and more. It became obvious that the diversification and or
looseness of fit was being lost. When MB was asked about this by
someone he said that it was stupid or something to that effect as best
I remember.
I saw several people try and use the Trin, Tick, Ticki, and the Prem
but no one really followed up on the outcome. You may wish to try
some of these ideas. I have seen a few asking about End of Day
OddBall and that would be real nice if you were to come up with
something that works. Is this what you are trying to accomplish?
I would be game to dust off my TS and test any ideas that you would
like for me to.
[TG] aka tradergirl
PS I am thinking of moving off the big contracts and trade the E-mini
SP. I am wondering if the volume is there yet (because I would have to
do many of them at a time)and if there is much slippage. Thought I
have to report that I have been told that is little slippage I find
that hard to belive, but will enjoy it if true. :)
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Free $5 Love Reading
Risk Free!
http://us.click.yahoo.com/3PCXaC/PfREAA/Ey.GAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|