Opening Orders Strategies

[Opening Orders Strategies]

Thanks for the thread. However, I think the latest details of this method is proprietary and Don Bright is not willing to share it according to this post:

12-31-01 11:40 AM

 

Originally posted by DATTrader

Don,

 

Have you actually explained the concept of this strategy on a different thread? I don't see it anywhere on this one and the spreadsheet you posted seemed to be stats only. I followed Edge's explanation just fine but am interested in reading it explained in your words as well. Thanks.

 

 

I have explained the basics, but for this particular strategy I really need a few hours in a classroom setting...since the exit strategy is much more complicated than the entry strategy. We have modified, updated, and streamilined somewhat the methods used (with better results).

 

I purposely try not to "hold back" or "bait" anyone into thinking I am trying to sell our school or firm when it comes to offering strategies....but in this case I simply cannot (in good conscience) share all the details involved (especially since we change the basics monthly, it seems).

 

I put in bids and offers on a given number of stocks as "opening only" trades, and trade out of them based on our advanced exit techniques (even though for the most part, we are "out" within 10 minutes or so).

 

 

__________________

Don Bright (not an alias)

[Tradestation Just Lost My Business... Looking for a New Platform/broker]

TS as a broker is pretty useless, but their charting and datafeed is still useful to me, so I am keeping a minimal TS account and doing 10 trades/month.

The most painless transition away from TS as a broker is probably to go Multicharts and IB. MC is >95% compatible with TS ESL and will support more brokers in the future : http://forum.tssupport.com/viewtopic.php?t=5419

We have finished working on FXCM as a supported broker. Our engineers have almost completed developing Zen Fire and are in the process of developing Pats. Trading Technologies is next in the line.

[Indicator with Data of Another Indicator]

John Bollinger's book 'Bollinger on Bollinger Bands'

Swisstrader has these indicator coded. You can find him on the TS as well as the MC (Tssupport) forums.

[Sad Day Today - I Put My Dog to Rest]

All is not lost, BF. Do you have $50K handy? You will also need some skin cells from your beloved pet.

 

http://news.bbc.co.uk/2/hi/asia-pacific/7542338.stm

 

Scientists in South Korea say they have successfully completed the world's first commercial cloning of a pet dog.

 

Bernann McKinney, from the US state of California, stumped up $50,000 (£25,000) for five identical copies of Booger, her beloved pit bull terrier.

 

The puppy clones were unveiled at a press conference in the South Korean capital, Seoul, on Tuesday.

 

"Booger was my partner and my friend," Ms McKinney said, as she appeared with the five identical copies of her pet.

 

Scientists at Seoul National University created a number of embryos from preserved skin cells taken from Booger's ear tissue before he died.

[Ease of Movement Signals]

MyEOM = EaseOfMovement( Price, Length );

 

but still no luck, cannot be compiled

Regards

ESL function EaseofMovement does not take any inputs. You may have copied this from some other platform. Try rewriting your own EaseOfMovement function (name it as _TEaseOfMovement for example) as follows:

inputs: Price (numericseries), SmoothingLength (numericsimple);

{ EOM = 100 * MFI * MidPointMove; note that this formula is a simpler mathematical 
 equivalent of Richard Arms' original formula }

if BarType >= 2 then { ie, not tick/minute data } 
_TEaseOfMovement = Average( 100 * MFI( Volume ) * ( ( Price ) - ( Price )[1] ) * .5 , SmoothingLength)
else { if tick/minute data; in the case of minute data, also set the "For volume, 
use:" field in the Format Symbol dialog to Trade Vol or Tick Count, as desired }
_TEaseOfMovement = Average( 100 * MFI( Ticks ) * ( ( Price ) - ( Price )[1] ) * .5  , SmoothingLength);

 

Be sure to change your original strategy signal file line number 9:

 

MyEOM = _TEaseOfMovement( Price, Length );

[Obama Wants Energy Speculator Crackdown]

Any attempt to manipulate a fair traded market will usually fail. If the price of oil is like the tech boom bubble and not ultimately caused by demand being greater than supply then it will go the same way and collapse again. If not then trying to stop it rising in price will quite simply fail in my view.

Paul

Oil is not a free and fairly traded market because 90% of world's crude oil is controlled by cartels or governments. In contrast, the supply and demand of the tech bubble wasn't controlled by such entities.

 

I don't think specs are driving the price of oil at all...just basic supply and demand. Unless there is someone hording barrels of oil in their homes and offices.

Some of the producers and hedgers have become speculators in the futures market as well and they have the ability to store crude in the ground, in storage tanks, in tankers, in pipelines, in salt caverns ... and that can be called hording.

 

Something important and not covered here about crude speculation is that one of the oil hedgers, Semgroup, (not a speculator by traditional definition, but an entity that does store and transport oil and supply liquidity to the crude oil market) was stopped out of their hedging shorts and finally had to cover at the highs in crude two weeks back:

 

The company had taken out short positions, or bets that crude prices would fall, as a hedging strategy for oil it intended to move through a subsidiary's pipelines and sell to refiners, according to an affidavit filed in Delaware bankruptcy court by Terrence Ronan, SemGroup's senior vice president, finance.

 

Then, when oil prices rose, SemGroup moved to "cover" its short positions by taking out equivalent long positions, or bets that oil prices would rise.

 

Eventually, SemGroup was unable to put up collateral for its swelling bets and sold its futures account to Barclays Capital on July 16, according to the affidavit.

 

....

 

One theory making the rounds in the market is that as SemGroup's long positions snowballed, so did the oil rally. SemGroup's rapid exit from the market removed a force for upward momentum when the market, under siege from negative U.S. economic indicators, needed it most.

 

"In the three days surrounding that transfer" to Barclays, crude futures "plunged $15.89...thus, with SemGroup removed from the market, crude oil has been free to fall," wrote Stephen Schork, editor of the Schork Report, a newsletter tracking the oil market.

[TTM/DDF Value Chart]

Sure, Forsearch. It is a very simple modification of the original. Just be sure to modify the style and weight of VOpen, VClose, VHigh, VLow, if one is starting from scratch from EL code :

 

[LegacyColorValue = true]; 
// modified for Candlestick
{*******************************************************************
Description	:	This Indicator plots Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}

Inputs:NumBars(5), TwentyNumBars(20);
Variables:Vopen(0),VHigh(0),VLow(0),VClose(0),Var1(0),Var2(0);
Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0);


{Calcualte Value Chart}
VOpen = VChart(NumBars,Open);
VHigh = VChart(NumBars,High);
VLow = VChart(NumBars,Low);
VClose = VChart(NumBars,Close);

{Plot Value Chart - Disregards the first 20 bars because Omega doesn't process them correctly}
If BarNumber > Numbars then Begin
if VClose >= VOpen then 
    begin 
    Plot1( VClose,"VClose", Green) ;  
    Plot2( VOpen, "VOpen", Green) ;
	 Plot3( VHigh, "VHigh", Green) ; 
    Plot4( VLow, "VLow", Green) ; 
    end 
else 
    begin 
    Plot1( VClose, "VClose", Red) ;  
    Plot2( VOpen, "VOpen", Red) ; 
	 Plot3( VHigh, "VHigh", Red) ; 
    Plot4( VLow, "VLow", Red) ; 
    end ; 



End;


If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5(VHigh, "21BarVHigh");

End;

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6(VLow, "21BarVLow");

End;

 

VChart function:

[LegacyColorValue = true]; 

{*******************************************************************
Description	:	This Function returns Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}
Inputs:NumBars(Numeric),Price(NumericSeries);

Variables:VarNumBars(0),Var0(0),LRange(0),YDiv(0),RanVar4(0),VOpen(0),VHigh(0),VLow(0),VClose(0),
VarA(0),VarB(0),VarC(0),VarD(0),VarE(0),VarP(0),VarR1(0),VarR2(0),VarR3(0),VarR4(0),VarR5(0);

{Insure NumBars is between 2 and 1000}
If NumBars < 2 then VarNumBars = 2;
If Numbars > 1000 then VarNumBars = 1000;
If Numbars >= 2 and NumBars <=1000 then VarNumBars = NumBars;

VarP=Round(VarNumBars/5,0);

If VarNumBars >7 then begin
VarA=Highest(H,VarP)-Lowest(L,VarP);
If VarA = 0 and VarP=1 then VarR1=absvalue(C-C[VarP]) Else VarR1 = VarA;
VarB=Highest(H,VarP)[VarP+1]-Lowest(L,VarP)[VarP];
If VarB = 0 and VarP=1 then VarR2=absvalue(C[VarP]-C[VarP*2]) Else VarR2 = VarB;
VarC=Highest(H,VarP)[VarP*2]-Lowest(L,VarP)[VarP*2];
If VarC = 0 and VarP=1 then VarR3=absvalue(C[VarP*2]-C[VarP*3]) Else VarR3 = VarC;
VarD=Highest(H,VarP)[VarP*3]-Lowest(L,VarP)[VarP*3];
If VarD = 0 and VarP=1 then VarR4=absvalue(C[VarP*3]-C[VarP*4]) Else VarR4 = VarD;
VarE=Highest(H,VarP)[VarP*4]-Lowest(L,VarP)[VarP*4];
If VarE = 0 and VarP=1 then VarR5=absvalue(C[VarP*4]-C[VarP*5]) Else VarR5 = VarE;
LRange=((VarR1+VarR2+VarR3+VarR4+VarR5)/5)*.2;
End;


If VarNumBars <=7 then Begin
If AbsValue(C-C[1]) > (H-L) then Var0=AbsValue(C-C[1]) else var0=(H-L);	
If H=L then Var0=absvalue(C-C[1]);
LRange=Average(Var0,5)*.2;
End;

If LRange > 0 then begin
If Price = Open then
VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = High then
VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Low then 
VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Close then
VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange);
End;

[TTM/DDF Value Chart]

Hi Guys. I have the code for the value chart indicator in TS but can not get it to plot as candlesticks, only bars, line, points etc. Is there any reason for this, that I a humble non-programmer doesn't realise?

many thanks

The original VC was implemented as OHLC (Open, high, low, close) by Helweg and Stendahl and there is nothing wrong with it, but...

 

 

you could easily program EL to display synthetic candlesticks

 

Attached please find VC candles. If you don't get what is shown, try re-formatting the 'style' and 'Weight' of VClose, VOpen, High and Low. You can further program the wick color and candle body properties to suit, beyond what is shown.

[Scalper Buys/Sell Replica]

Please just select all, copy the text in the code box and paste into any text editor and save the text file as something like 'scalper.efs'.

 

You can also do this (copy and paste) into the Esignal tools, EFS, editor. Please study the video here if you are not familiar with Esignal : http://www.esignalcentral.com/university/esignal/tutorial/javascript/master-2.html

 

Perhaps someone here or on the Esignal support forum more familiar with EFS can answer more detailed question on this subject.

[Scalper Buys/Sell Replica]

I downloaded this to my esignal indicators and it says error -line 1: syntaxerror: illegal charactor. any advice? thanks

It is unlikely that Esignal can run Tradestation EL code. The following Esignal code by rebkwez may help:

 

Here is the esignal code that I wrote. I'm not completely familiar with TS code, so I did my best in trying to do the conversion. Also used the TTM videos as guidance, but the explanation there is very unlcear.

 

Esignal doesn't have the PaintBar concept that TS does, so right now a box with a "B" or "S" appears above/below the candlestick that generates the signal. The distance above/below where this box appears is fixed in the code. It probably should be made into a parameter so it can be changed for stocks, fx or futures. For the next version...

 

If anyone makes any changes to improve on this code, please post it to the list. Thanks.

 

Elliot

debugClear(); 

var iColorBuy = new FunctionParameter("iColorBuy", FunctionParameter.COLOR); 
iColorBuy.setDefault( Color.green ); 

var iColorSell = new FunctionParameter("iColorSell", FunctionParameter.COLOR); 
iColorSell.setDefault( Color.red ); 

var iFontSize = new FunctionParameter("iFontSize", FunctionParameter.NUMBER); 
iFontSize.setDefault( 10 ); 

function preMain() 
{ 
setStudyTitle("ScalperBuySell"); 
setPriceStudy(true); 

setShowTitleParameters(false); 
setCursorLabelName(false); 
} 

function main(iColorBuy, iColorSell, iFontSize) { 
if(getBarState() == BARSTATE_NEWBAR) 
{ 
//***************** 
// SCALPER SELL 
if(Three_Higher_Highs() ) { 
if( LowerHigh() ) { 
if( CloseBelowTrigger() ) { 
drawTextRelative(-2, high(-2)+.5, "S", iColorSell ,null, Text.FRAME|Text.CENTER|Text.BOLD|Text.TOP, "Arial", iFontSize,"ScalpS"+ getCurrentBarCount()); 
} 
} 
} 

//***************** 
// SCALPER BUY 
if(Three_Lower_Lows() ) { 
if( HigherLow() ) { 
if( CloseAboveTrigger() ) { 
drawTextRelative(-2, low(-2)-.5, "B", iColorBuy ,null, Text.FRAME|Text.CENTER|Text.BOLD|Text.BOTTOM, "Arial", iFontSize ,"ScalpB"+ getCurrentBarIndex()); 
} 
} 
} 
} 

return; 
} 

function CloseBelowTrigger() { 
//return ( close(0) < low(-1) && high(0) < highest(4, high()) ); 
//return ( close(0) <= low(-1) ); 

// This one gives more signals. 
return ( close(0) <= low(-1) || close(0) <= close(-1) ); 
} 
function LowerHigh() { 
return (high(-1) <= high(-2)); 
} 
function Three_Higher_Highs() { 
return( (close(-2) >= close(-3) && close(-3) >= close(-4) && close(-4) >= close(-5)) || 
(low(-2) >= low(-3) && low(-3) >= low(-4) && low(-4) >= low(-5)) ); 
} 

function CloseAboveTrigger() { 
//return ( close(0) > high(-1) && low(0) > lowest(4, low()) ); 
//return ( close(0) >= high(-1) ); 

// This one gives more signals. 
return ( close(0) >= high(-1) || close(0) >= close(-1) ); 
} 
function HigherLow() { 
return low(-1) >= low(-2) 
} 
function Three_Lower_Lows() { 
return( (close(-2) <= close(-3) && close(-3) <= close(-4) && close(-4) <= close(-5)) || 
(high(-2) <= high(-3) && high(-3) <= high(-4) && high(-4) <= high(-5)) ); 
}

[Institutions Buying Vs Traders]

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=53982&PAGE=58

 

It is officially called "volume splitter" splitting traded size into:

 

1. Small 1-10

2. Medium 11-50

3. Large >50

[Free System]

I don't know anything about waveslider's system, but it sounds like it is a simple but profitable system based on US market internals ($ADV, $TRIN, $VIX etc).

 

There are some well known and established (read 'old') systems that work similarly. Recently on the TS forum, Mark Brown started writing about his 'Oddball' system again. So, here it is, one line of code:

 

I used a variation of Oddball back when it was hot, and stopped trading it using a stop mechanism on the equity curve so managed to avoid the DDs. I recently started to look at it again and have since built some day trading models based on the concept. I know a few guys on this forum that made fortune with Oddball variation on 30min bars and shorter and many institution that followed the trades on 60min.

 

Oddball is a gold mine period.

 

nworbkram - What value do you recommend for ADV? I ran a test and a lot of them seem stable or long data sets. Any numbers to share here?

 

This has to be a world record for the shortest profitable system ever!!

{Variation of Mark Brown's Oddball System in Active Trader Magazine, Dec 2000. by nworbkram} 
Input:test_level(optomize number here); 

If c data2>test_level then buy this bar else sell short this bar;

 

This is a wildly known system so it is no secret and hopefully Mr. Brown won't mind this post. More info on the TS forum and markbrown dot com. Here is more information:

 

What really separates this model from any other concept is that it uses the Advancing Issues of the NYSE.

 

This Data 2 source ALONE is the trigger for the buy and sell signals. Think about this a model which does not really care what the DATA 1 is. It is mindlessly calling out buy and sell signals across a very Broad Market of tradable market symbols from only DATA 2.

 

This systems uses the Day Session Only Data. It also uses a little know obscure feature in TS called Natural Hour. DATA 1 should be setup as the market you want to trade, DATA2 should be setup as the $ADV symbol. Both of these should be 60 minute Natural Hour bars.

I am not sure the statement of irrelevancy of DATA 1 is absolutely true. It would have to at least be something that is not inverse to the general market direction.

[Algorithmic Trading with MATLAB Webinar]

Hi Atto,

 

I know of one neoticker user who wrote their own datasource (you can do that with the neoticker) so that his datafeed will slot write into SQL server as well as his charts. Of course, he isn't releasing it....but I mention it just as a point of one tool where things like this are quite possible. His name is Michale Kreslik (spelling?).

 

All my best,

MK

http://kreslik.com/forums/viewtopic.php?start=0&t=357

My "SQL history engine" MS SQL Server 2005 database create script is attached below.

 

Currenty it features 255 million+ ticks for 16 FX pairs over the last 7 years and the database size is nearly 100GBs with all the indexes.

 

I'm feeding this carefully sifted and clean data to my NeoTicker and I'm also using it as a data source for running various statistics, written in C#.

 

Michal

[Crime and Delusion on Wall Street - Bear Sterns Execs Charged]

Part of the indictment is about insider trading:

 

The indictment alleges that Mr. Cioffi misled investors about fund withdrawals. On April 18, 2007, Mr. Cioffi spoke to a large investor in the fund, who said it was considering redeeming a roughly $57 million investment, the indictment says. In response, Mr. Cioffi allegedly told the investor that he and other portfolio managers had $8 million invested in the funds -- failing to say he had withdrawn $2 million of his $6 million investment in one of the funds. Mr. Cioffi later neglected to tell investors of the $57 million withdrawal, the indictment alleges.

 

Mr. Tannin -- who had invested about $560,000 of his money in one fund, people familiar with the matter say -- also misled investors by saying he had plans to add to that personal stake, prosecutors allege.

 

Only a few months before the funds declared bankruptcy on July 31, Mr. Tannin told a colleague via email that he had "been able to convince people to add more money" to the funds, "elieve it or not," according to the indictment

[TTM/DDF Value Chart]

In order to convert an indicator to a showme in TS you would usually copy and paste the original (eg. the VC above) code into a new showme code. Then replace the plot statements as followed

1. comment out the OHLC plots 1-4; you don't need them.

2. Replace plot5 and plot6 with the appropriate values.

 

Basically what you are doing is adjusting the plotting to the same scale as the underlying instrument.

 

{
If BarNumber > Numbars then Begin
Plot1(VOpen,"VOpen");
Plot2(VHigh,"VHigh");
Plot3(VLow,"VLow");
Plot4(VClose,"VClose");
End;
}

If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5( H + MinMove / PriceScale , {VHigh} "21BarVHigh");
Alert;
end	
else
NoPlot (5);

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6( L - MinMove / PriceScale,  {VLow} "21BarVLow");
Alert;
end
else
NoPlot (6);

[Understanding the Auction Process]

Most of the price discovery process occurs in the Emini market and futures do lead the cash price during most time periods. This does not mean the futures can pin the cash market. There will be arbitragers to keep the auction process in balance. Google for 'index futures arbitrage' if you are interested in this subject.

 

The literature on the price behavior of stock index futures in relation to the underlying cash index has concentrated on two related issues: (1) the lead-lag relationship between the futures and cash prices, which also relates to the ability of futures to"predict" subsequent cash index prices, and (2) the pricing and rbitrage of stock index futures markets. Section I of this paper includes a summary of the research concerning these two issues. The studies on the lead-lag/price discovery relationship which uses intraday data provides consistent conclusions that futures do lead cash prices during most time periods. This lead effect of futures implies that the use of matched futures-cash prices may provide biased results for arbitrage studies.

 

[What the Heck is Going on with Forex?]

Unfortunately I spent days and days, physically measuring each and every sodding week, one by one..........

Try using the Average True Range indicator. The following is a weekly chart of GBPUSD and 14 period ATR compared with SPX.X (S&P index) from '99 to '08 using TS.

 

[WOLFE WAVE Indicator Needed]

Hey Ropulos, we hardly knew you

 

But really, what does it matter? I am sure for every Ropulos, there are dozens of traders that got some real use out of this thread and other threads like this on TL.

[Timing Method]

BTW, this may be of interest to some. another member in the Wyckoff Forum recently posted this link which is a reprint of Richard Wyckoff's interview of Gann back in 1909: http://www.tradingfives.com/gann/wd-gann-interview-1909.htm

It is pretty incredible stuff considering there were no computers or even hand-held calculators back in those days. Just how do you calculate the square root of a number without a calculator ? I guess you have to use a table of some sort and then zoom in on the details. I would imaging a simple task of calculating a square root within the accuracy of 4 decimal places with a simple touch of a botton today would take a whole day back then. :o

Gann probably got his squareroot idea from playing with the newly introduced sliderule in the 1880s, although sliderule had been invented in Europe in 1622.

1622 WILLIAM OUGHTRED invented the »Slide Rule« as two linear or

two circular sliding scales.

In fact the Gann wheel is a square root calculator.

[Wolfe]

Every other fund seems to be doing the same thing, pile into commodities with the news and technicals, especially in oil, and short the equities.

 

The attached chart showed that every oil trader and their brother were probably looking to go long at the last major swing low in crude oil. This coincided with a Wolfe wave long and together with some 'news' resulted in the largest ever price jump of more than $10 gain in crude as shown here in the mini crude QM. Using Wolfewave_NEN indicator from MT4 in this chart. Note that this indicator is slow in drawing the next Ww formation - usually only after the next line in the zigzag is drawn.

[Wolfe]

Thanks for all the charts guys, keep up the good work.

 

EWZ, the ETF for Brazilian stocks may decline from here due to inflation concerns and frothy commodities prices

The Brazilian interest rate may go up to 12.25%.

 

If you believe commodities will be "much, much weaker" as Dennis Gartman does, this Ww may be worth taking a look. This coincides with a bearish Wolfe wave setup, target around 60s with initial supports near 85 and 70.

 

Hope this doesn't turn out as badly as this other short oil and EWZ idea in late January 08, but they didn't have the benefit of a Ww setup http://www.themoneyblogs.com/morpheustrading/my.blog/international-and-oil-etfs-ready-for-short-selling.html

[OzFx System :) 100-800 Pips Per Trade]

In case any one is following, Ozfx has been banned in the forexfactory forum:

 

Just be aware that many of the signals he has been calling is quite discretionary and not related to the original theme of Ozfx as outlined in the first post and studied with TS in this post.

Twee

Site Manager Member Since Jan 2008

Posts: 1,387

--------------------------------------------------------------------------------

 

Hi Folks! Before anyone asks why this thread is in the Bin, let me tell you a story. A few months ago I had extensive conversations with Oz because it looked as though he was setting up to sell his signals. I told him we had seen this trick a hundred times and that he fit the profile perfectly. I asked him nicely to leave the site before it happened because we don't allow signal sellers to use the Factory forums to promote their products. Oz told me in several emails that he was not planning on selling anything now or in the future. He even got banned once, but after swearing that he was not selling anything I reinstated his membership. It's now obvious that Oz lied to me a number of times and that he has been planning this all along. For anyone considering paying money to Oz you are advised to not get involved this! We have seen this type of scam numerous times at FF and it always ends in tears. This is no different!

 

I know there will be new traders who believe in Oz and will stick up for him, and say that I am in the wrong. As my mentor Merlin once told me I will take heat about this from the naive traders, but once they learn more about trading they will appreciate what is being done at ForexFactory to protect the membership from signal sellers.

[OzFx System :) 100-800 Pips Per Trade]

Thanks for the update. It is probably illegal for OzFx or Evelyn to manage accounts for US clients unless he or she is licensed to do so.

 

It is also a little unethical to post all the high positive pip counts and profitable trades without some independent tracking service such as Collective2, which is free and easy to use. Perhaps OzFx has tried and failed on Collective2 :

http://www.collective2.com/cgi-perl/systems.mpl?want=publicdetails&systemid=19539489

 

Some views from another forum

Did I say it wont produce profits?I said its not worth paying money for the signals.

Flipping a coin can produce profits.But would you pay someone $250 a month to flip the coin for you?

Have a look on here he/she was trying to start a system only in November last year on collective2.That failed.

http://www.trade2win.com/boards/trad...check-out.html

No one with any logical thought process is saying a stochastic and AO wont make profits.

Because it can and you are showing over this period it has after losses made a profit.However a stoch and ao is not a proprietary system it is age old FREE technical analysis.

What people are saying is the sudden large subscription fee only after a few months coupled with inflated pip results shows this persons intentions from the start.

They had the intention of trying to sell free technical analysis to people at 100% profit for themselves with no risk from the beginning.

If you cant grasp this then perhaps you need to open your mind.

 

http://www.forexfactory.com/showpost.php?p=2033382&postcount=9687

http://www.trade2win.com/boards/trading-journals/27369-ozfx-journal-check-out.html

[Introduction to Inter-Currency Analysis]

....

Hope this all makes sense - trust me on this one - tick volume in FX is a marketing ploy by the chart providers only - it has zero and even potentially negative corellation to actual volume in the market.

GJ

With all due respect, I don't think we can really trust you or even Walter on this without more statistical analyses.

Tick volume in Forex is like exit poll samplings in an election. Sometimes they can be very accurate if done properly, but sometimes they can be very wrong. Some of the anecdotes you described can be true in specific cases, but over the long run, tick volume analyses of Forex could proved to be useful and statistically significant.

["Force Index Indicator" for Tradestation]

If you wish to use 'tick volume' with this indicator (or any other involving volume where the exchange traded volume is not available) with Forex under TS, just set the Format Symbol, Volume setting to 'Tick count' instead of 'Trade Vol', which is probably what MT4 is doing by default.