sneo

I highly recommend du Plessis' "The Definitive Guide to Point and Figure". There is a chapter that discuss about backtesting on Point and Figure. It breaksdown P&F patterns to the basic building blocks.

I believe TradeStation 8.5 onwards has improved Point and Figure charting which added the option to choose typical High/Low or Close and One-Step Back for 1 box plot. Since using both TS8.7 and Bull'sEye, I still believe BE is better for analysis since we can switch products and box size much more easily than TS.

let me rephrase to check your requirements: 1. you want to obtain value of close for period where the condition Close > Average is met. 2. reset function occurs where condition RSI > 50 would the following solution suffice? inputs: PeriodReq(20), PeriodRSI(14); variables: RSI50C(0), MyVar(0); if Close > Average(C,1000) then begin RSI50C = IFF(RSI(C,PeriodRSI) > 50, Close, 0); end else RSI50C = 0; end; MyVar = Highest(RSI50C,PeriodReq); This will create a rolling fixed array that will: 1. return Close if conditions (a) C > Avg and (b) RSI > 50 are met 2. return highest Close over the past 20 periods ps: i did not test the code out on TradeStation. probably may have some syntax error. but probably you need just the basic structure.

sorry, my bad. did not notice it's a Sponsored thread.:crap:

so what is the purpose of this thread? +505 pips on 83 trades of which 60 are winners, your average gain per trade is 6+ pips; +819pips on 191 trades of which 132 are winners, your average gain per trade is less than 5pips. Based on your histogram, 40+ % of the time you made 10pips or more, 14% of the time you make between 1 to 9 pips and 10% of the time you scratch. Your largest loss is bigger than your largest gain. I fail to see how robust and reliable your trade plan is. For a high frequency trading plan, the win ratio of about 70% that makes 6pips on average per trade does not seem to make me want to adopt this trading plan. You might want to explain further.

i believe the term is just to differentiate either amateur or non-amateur (so-called professional) for discussion of experience, skills and the way one conducts the activity (as a business or as a hobby).

i disagree with picking tops/bottoms and trading against the trend as "do not work" strategies. why? because: 1. professionally, i trade profitably using both reversals and trend following strategies. 2. factually, Vegasoul (a highly successful hedge fund) has three major components to their strategy, of which one is trading reversals. their results and strategy summary proves that reversal trading is not a "do not work" strategy. for the summary of their strategy and results, its available in EurekaHedge (subscription based) and Cogent Hedge (free upon registeration).

i was wondering if anyone could recommend which book in Drummond Geometry's site should i be reading to understand more (besides getting the Complete Program).

i used the locals. which ones do you have a bad experience? care to elaborate?

the local stock brokeage houses have a futures desk as well. you might want to just check around first.

FINVIZ.com - Stock Screener shows a screenshot of market moves -edit: didnt see the top already has this link. my bad.

I gather you are referring to the non-resident retail accounts opening. Think its there to protect the integrity of the financial system and the main idea is just to take in the big boys. the govvie needs to ensure investor confidence. we already have Pan El crisis, Nick Leeson and now Lehman Minibonds.

I guess there are a couple of factors to consider as to whether the investors/financial institutions go to the respective places to set up business? The tussle is usually between Hong Kong and Singapore as the "next" Asian Financial centre, but I guess both could cater to different requirements - depending on asset classes, what kind of capital the people are looking for, what roles does the investors/FI want to fill in. Both are more or less quite good in govvie friendliness, infrastructure, accessibility to capital and more or less has some minor "defects" like Singapore is expensive, Hong Kong is highly polluted etc. From what I see, majority of the houses/hq for trading still resides in Tokyo and Hong Kong, while Singapore is mainly an ops, middle office dominant area. Its pretty tough to get trading jobs in major asset classes in Singapore (unless you talk about local equities, there still are roles in Singapore but I see its mainly in brokeages and not yet on bigger fund houses). of course, if you ask me to pick, I will pick my own home country - Singapore o.oV

i am curious, aint S&P500 Futures on CME Globex? or am i seeing and trading fake prices for the past few years during Asian timezone. http://www.cmegroup.com/trading/equity-index/us-index/sandp-500_contract_specifications.html it says here for trading hours (their time i presume): 1. Open Outcry - MON-FRI: 8:30 a.m.-3:15 p.m. 2. CME Globex (Electronic Platform) - MON-THURS: 3:30 p.m.-8:15 a.m. (daily maintenance shutdown from 4:30 p.m.-5:00 p.m.) SUN: 5:00 p.m.-8:15 a.m