|
PureBytes Links
Trading Reference Links
|
On Tue, 15 Apr 2008 17:46:31 -0400
"Joe Duffy" <keypoint@xxxxxxxxxxxx> wrote:
> RS of Houston has send me some pretty good free signals.
>Don't know anything about them other then that.
>
> ----- Original Message -----
> From: Larry Brown
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, April 15, 2008 5:39 PM
> Subject: Re: [RT] Roger Felton's systems
>
>
>
> Thanks, Bob. That was pretty much my take on things
>after my "week in his trading room" trial. It seemed
>that it wasn't the best week for finding trades (as is
>usually the case when I test something!) and it seemed
>that there was a large discretionary component to which
>trades to take and which to leave. I'm just curious if
>anyone on realtraders has actually just let the program
>take the trades and has made money. I'm a natural (or
>maybe a learned) skeptic, yet still hopeful. And of
>course I know that you have an advantage if you can do
>this full time, as Ben says. I can't right now, so I'm
>still trying to find something which works part time.
> I've had some success with several approaches, yet there
>are drawbacks to all of them and I'm always looking to
>improve.
>
> Larry
>
> ----- Original Message -----
> From: Bob Fulks
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, April 15, 2008 2:07 PM
> Subject: Re: [RT] Roger Felton's systems
>
>
> At 01:40 PM 4/15/2008, Larry Brown wrote:
>
>
>
> Does anyone have any experience or opinions about
>Roger Felton's trading programs that they would be
>willing to share? His website (www.feltontrading.com)
>suggests he is quite successful. (I have no
>affiliation...this is an honest question.)
>
> I recently coded TradeStation to find his signals to
>create a new subscription-based product for him that he
>calls "OttO", so I know quite a bit about this (and am
>obviously biased) but can give you a quick summary...
>
> I hesitated to write this since I did not want to
>seem to be advertising his service. But the rules seem to
>say it is OK "providing the services or products are
>offered by the member and not an "outside" source" and
>since I wrote the code for part of his product I assume
>that is close enough...
>
> --
>
> Roger is a trading coach who makes his living
>teaching people to day-trade his method in an on-line
>trading room that is open each day during market hours.
>He has been doing this for many years and seems to have a
>lot of happy students. He also trades the method himself
>in the room. He is usually trading one of the emini
>futures contracts but the method should work on most
>anything.
>
> His method is based upon pretty classic technical
>analysis such as divergences between price and
>indicators. He has very specific rules on what
>constitutes a valid signal, which is what made it
>possible to program it in TradeStation. OttO now simply
>finds those signals. Not all signals make money,
>obviously, and the user still needs to decide which
>signals to take based upon other criteria and Roger
>teaches ways to do this. He is a good instructor and
>talks pretty much full time all day, pointing out the
>signals and discussing things that are happening in the
>market.
>
> He publishes a recap in the members section of his
>web site of all the signals generated each day, qualified
>by a simple mechanical trend filter for entries and
>simple stops/targets for exits. These recaps usually show
>a profit each day. It appears from the students comments
>in the trading room that many of them do better than the
>recap using their own exits and filters on the entry
>signals.
>
> He offers a free trial where you can sit in on his
>trading room for a week to see if you might like to learn
>his method. Everybody in the room can read the comments
>of everybody else so it is pretty easy to sense the mood
>of the students.
>
> I have met Roger and most of the members of his team
>and they are all very nice people (living in south Texas)
>and seem to me to be running an honest business with high
>integrity, which is why I agreed to work with them to try
>and program OttO starting about a year ago.
>
> So if you are looking for an automatic machine to
>simply turn on and make money, this isn't it. But if you
>are looking to learn to trade using a refined version of
>some classical technical analysis techniques, you might
>find this useful. And as Ben says, "day-trading is a full
>time job" no matter how you do it...
>
> Bob Fulks
>
>
>
>
>
> ----------------------------------------------------------------------------
>
>
> No virus found in this incoming message.
> Checked by AVG.
> Version: 7.5.519 / Virus Database: 269.22.13 -
>Release Date: 4/12/2008 12:00 AM
>
>
>
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/realtraders/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:realtraders-digest@xxxxxxxxxxxxxxx
mailto:realtraders-fullfeatured@xxxxxxxxxxxxxxx
<*> 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/
|