Trading Chaos

[Lennetkann]

Hi Babak,

you are right when it comes to his so called sophisticated approach concerning chaos and fractals and what have you. Their is nothing sophisticated about it. But on the other hand you have to admit that he is quite open with his trading approach, it is very easy to replicate his formulas. I know a lot of other people who want to sell you their product as a black box.

 

[sunnyskies]

lennet you actually been making money with this stuff??????????????

 

[Lennetkann]

Hi Sunnyskies,

what can i say, yes i do make money with it. It's a trendfollowing system like many others with the same pros and cons such systems have.
I enjoyed reading Bill's books, implemented his stuff on my computer, made some explorations and backtests and found out: it works for me.


regards Lennetkann

 

[sayz]

I am also reading Bills' book and find it is interesting.

Nice to see there is a forum here.

I am also trying to setup the alligator lines to match with Investor's Dream. But I can't do that. It should be some more parameter I am missing.


I find that the line similar to Investor's Dream alligator lines

Green 8-smoothed moving average
Red 13-smoothed moving average
Blue 21-smoothed moving average

which different from his books.

 

[Aegean]

The exact Alligator settings are:
Blueline EMA 25-8 of h+l/2
Redline EMA 15-5 of h+l/2
Greenline EMA 9-3 of h+l/2

of course this is a indicator piece of a whole method
which i believe is the best trend following i've seen
so far...but you have to know when and where to apply it.

 

[kut2k2]

Quote from Babak:

If you can profit from the jibber jabber of Bill, then all the more power to you. From my point of view, the guy is a smarmy snakeoil vendor who tries to hyponotize simple minds with complex words and concepts (chaos theory, fractals, etc.) while actually delivering rather stale and cliched content (moving average and counter-trend strategies).

The fact that he puts fractals and chaos on his book's cover and has nothing whatsoever to say (in a meaningful way) about them between the covers, tells you all you need to know.

I find it hilarious that the guy baits with "trading chaos" and then he switches to the ol' Fibber McGee numerology.

 

[vikana]

Quote from Babak:

If you can profit from the jibber jabber of Bill, then all the more power to you. From my point of view, the guy is a smarmy snakeoil vendor who tries to hyponotize simple minds with complex words and concepts (chaos theory, fractals, etc.) while actually delivering rather stale and cliched content (moving average and counter-trend strategies).

The fact that he puts fractals and chaos on his book's cover and has nothing whatsoever to say (in a meaningful way) about them between the covers, tells you all you need to know.

I'm with Babak on this. I once sat in on a session he gave at a conference. I was embarrassed for him.

Secondly, you have to doubt anyone who calls a specific set of moving averages "fractals", and generally misuses mathematical terms and concepts.

 

[electron]

Quote from vikana:

I'm with Babak on this. I once sat in on a session he gave at a conference. I was embarrassed for him.

Secondly, you have to doubt anyone who calls a specific set of moving averages "fractals", and generally misuses mathematical terms and concepts.

There is something about the crap some people put into their advertising. But nevertheless the trend following methods are rather reliable and they do work. I would not judge the book by its covers and its title no matter how misleading it might be. The core contents of his books, once you get rid off the crap, are pretty much on the money.

 

[Babak]

lol ... sounds like someone else we know

Quote from vikana:

Secondly, you have to doubt anyone who ... generally misuses mathematical terms and concepts.