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Technical Analysis of Stock Trends, by Edwards and Magee Technical Analysis Explained, by Pring

We're thinking along the same lines. ;)

If it works, use it. You get paid to execute when you don't want to.

iitm.com trendfollowing.com tradestocksamerica.com (not automated but good tactics you could easily program) easylanguage tutorials: http://markplex.com/tutorials.php

I don't think it's done with the last pop. I suspect it will retrace to 1170 then make one last jump to 1250.

The various double dots are just tradestation showme's (a visual on when a buy or sell signal would be generated). The strategy takes the first buy signal if it has no position, then sells on the first blue dot. It's nowhere near as sophisticated as it looks. Since I haven't coded in my...

Thanks for all the replies. The concept is a hybrid: I select the stocks manually, using a screener, and intend to let this robot enter and exit the positions while I work / play during the day. I was using stop - stop OTO with a discretionary profit taking exit, but it was not precise...

There are other dimensions to this idea that I didn't mention, but the 1%/day was based on about 5 stocks over this past week. Don't laugh - it all starts with a concept. So far the expectancy is working out to be (6*.03)-(1*.005) = .175, with a win rate of 86% and an R value of 6. This...

Thanks. This is the kind of feedback I was hoping for. -new system trader

It's just a slope of a slope of a slope calculation using 1, 2, or 4 bar lengths. Rise over run.

Here are a couple from Edwards and Magee, or Pring, whichever tech analysis book you prefer: Channel breakout retracement dow theory buy / sell signals .......fyi the world was shown a bodacious dow theory sell signal on 01Aug this year, waiting to be confirmed with a lower high...

++ Not having to live my life surrounded by people I don't like, being able to work on my dreams, not somebody else's - that is rich to me. That is financial independence. But it is nothing without health. Your health is your greatest possession.

100 view no replies. I've been paper trading it this week on other stocks and it's pulling in about 1% a day. To anyone who thinks you can't beat HFT, this is based on an hourly chart. I could run this program on a 300 mhz computer. Here is a lower complexity variant of it, based on one...

Thanks for that. Perhaps I should have said "variable position sizing".... i.e expanding a position size in a profitable trade, 'pyramiding in' etc. Risking open profits at a different rate than starting capital, etc. Example: you take position, it gets stopped out. You lose 2% of your...

Not profitable for 5 years but I'm finally out of the sea of red, after a year of manual walk-forward optimization. 1. Swing, long options 2. No, mostly technical observation on a chart to get the concept down. Once I backtested on Seer, the idea was confirmed profitable. 3. All are...

Thanks for that..... I'm going to spend some time trying to understand it. It's true, there is a lag in using numerical methods to get the third derivative. However, with any derivative, it's very noisy the higher it is. I tried 1, 2 and 4 day spans for calculating the slope. The 1 day...

Short the next major pop, if you trust Dow Theory.

Here is a little trend following algo I overlaid on the latest down trending whipsaw disaster (F). You like?

Position sizing influences whether or not a positive expectancy is possible.......

Notwithstanding the difference between common and preferred shares, Buffet's position is showing a significant unrealized loss that would get a hedge fund manager fired. He averaged down during 08, also. Carlos Slim, another billionaire, does know how to trade. He sold a bunch of...