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Re: [RT] Roger Felton's systems



PureBytes Links

Trading Reference Links

At one time the cftc filed a suit against RS of 
Houston....fwiw....

Chas
-----


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.
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> 
> 
>   


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