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I have both the book and the software (from DOS days) and have
for a long time said I'd look at the triangles thing.
Well, your illustration was an excellent "push" for me to do
something because I did not believe his figures in the book about
what % worked and did not.
Now I'll start some real investigations of triangles based on
number of bars for pivot detection, number of bars in triangle,
and angle of triangle lines.
The attached should illustrate to most what you meant by what
triangles are valid for price movement evaluation. This one has
practically no limits on length and angles.
Thanks for the "push".
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: "tradewynne" <tradewynne@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 01, 2003 9:01 AM
Subject: [RT] Re: Triangles- PPS Trading System
> > > I think there is a "PPS" software, but I doubt it can get
> > > the whole deal...How
> > > do you code multiple triangles like that?
>
> As I was writing a little voice said: "I bet Clyde's got
> something."
>
> Very nice! Thanks!
>
> Anyway, "PPS" is sort of a system for trading triangles. I read
> the book (may still have it?), but it was a long time ago. And
> I've seen the "system" too. The hard part of coding the *system*
> in my mind is not only finding triangles, but deciding which ones
> to trade, and where and how to trade them. Even Arnold's original
> system wasn't exactly "right." Simple vanilla breakouts
> are too well known and risky for my blood: even when they work they
> tend to get whipsawed a bit first. Nonetheless, I think triangles
> are worth a second look; by their very nature they are range
> contractions and as such can be energy "coils" for the market.
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, "Clyde Lee\(SBCY\)"
> <clydelee@xxxx> wrote:
> > Triangles are "simple" but "complex" things.
> >
> > Measures of the validity of a triangle could be the number of
> > bars from base to apex of triangle -- Junk0 & Junk1 use a 250
> > bar criteria while Junk2 uses a 100 bar.
> >
> > Another measure is the difference in the slope of the top and
> > bottom lines. Junk0=1.0, Junk1=0.5, and Junk2=0. But
> > remember, the cutoff for junk2 was 100 bars.
> >
> > Of course the first parameter is the length (in bars) for picking
> > the pivots. In these cases it was 8 bars (see LengthOfSwing for
> > an explanation -- in files area).
> >
> > Thought this might provoke some conversation about what
> > these "straight line" figures represent.
> >
> > If you want to study other symbols let me know and I will
> > publish them.
> >
> > Clyde
> >
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > SYTECH Corporation email: clydelee@xxxx
> > 7910 Westglen, Suite 105 Office: (713) 783-9540
> > Houston, TX 77063 Fax: (713) 783-1092
> > Details at: www.theswingmachine.com
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> >
> > ----- Original Message -----
> > From: "tradewynne" <tradewynne@xxxx>
> > To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 30, 2003 11:28 AM
> > Subject: RE: [RT] Triangles- PPS Trading System
> >
> >
> > > --- In realtraders@xxxxxxxxxxxxxxx, "Trey Johnson"
> <dickjohnson3@xxxx>
> > wrote:
> > > > Does anyone have the easylanguage code for this?
> > > > Trey
> > >
> > >
> > > I think there is a "PPS" software, but I doubt it can get
> > > the whole deal. Check the July Soybean chart attached. How
> > > do you code multiple triangles like that? If anyone's done it,
> > > I'd love to see it.
> > >
> > > BW
> > >
>
>
>
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>
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>
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