well, everything everyone's said about 'results' is certainly relevant
I picked on JH's system because as said it's appeared so many times, then there's
the load of indicators that have been written I believe specifically for the system and
I thought there must be loads of people trading the system
I've never tried it and don't plan to since I could never understand what Hershey wrote
about the system, or anything else he's written for that matter
but my question actually originated with me searching then asking here, there and
everywhere if anyone had a NinjaTrader 'MACD Cross' for the chart, that is
arrows or etc to appear on the chart - not indicator window - when the macd lines cross
I have one for MetaTrader 4 and I really wanted one for NT, although the macd isn't
really part of my system, and we know that indicators etc, etc, etc
but I seem to have some strange desire to see green and red arrows appearing
on my charts
in my search for a macd cross I'd looked in the NT forum Indicator forum - did you
know they've deleted the 6.5 indicators ? quite a loss as a source imo, particularly
since so few 6.5 versions have been converted to v 7
then at Big Mike's forum I came across the 'High Low Indicator' - need to
register to download, they have a lot more v 7 indicators than NT
http://www.bigmiketrading.com/local_links.php?catid=19&sort=d&filter=h&pp=1000
and funnily enough it was the Gann Swing Expert Advisor that was the first EA I'd played
with years ago in a MetaStock v 7.6 , but see in v 11 it's no longer on the list, tho
there is a macd cross and a Gann Swing Bands indicator, and the 'GANN Swing Expert'
can still be downloaded at:
http://trader-online.tk/MSZ/e-se-GANN_Swing_Expert.html
along with other Gann indicators etc
and there's loads of Gann swing/stop loss/hilo_activator etc type indicators for MT4
I tried the NT 'HiLoActivator' on the 1 and 5 min NT charts I use and quite liked
seeing them - the arrows that is, although I can't seem to change their color
the Up arrow's a pale blue though the Down is red, but the red stepped line gets
a bit lost against the red HeikenAshi bars, while the blue stepped line is very visible
so then I got curious about Gann swing trading and while surfing the subject came across
Robert Krausz, who you may know is the author of the Fibonacci Trader program
what I came across was an article he wrote 'The New Gann Swing Chartist' published in
Stocks & Commodities V 16:2 circa 1997 ?
what I found very interesting was his trading stats on page 8 of the attached pdf:
"Total trades 143 . . . Winning trades 66" . . . 66 ! ! which means he had more losing
trades than winners, to wit, 77 losing trades, wow
but
Krausz's "Return on account 399 %" amazing
all this over a period of five years - "1992 to Novemeber 1997" - 2.4 trades per month
so, to cut a long story short, Krausz's results prompted me to ask my question
