Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

pandion

Robert Miner--Dynamic Trader

Recommended Posts

Hello all-

I'm new here... new to trading, but have worked in finance and the markets my whole career (fundamental analysis, value, long term investing). Has anyone here used Robert Miner's software, or just his approach to trading in general? It seems intuitive to me. His book I thought was well done, but trying to determine if I should shell out $2,000 for his software. It seems like TradeStation's market scanner could probably get me a lot of what Miner's scanning does with his software. Does Miner's software have anything else that is just not doable through TS? The one proprieatary thing only his software offers is his DTosc oscillator. Is that much better than regular stochastics... can anyone compare the two and if there is any practical differences?

 

Any other swing trading approaches I should look into? I dont' want to kill myself for looking for the elusive holy grail... but would like to be aware if there is anything blatant I am missing.

 

thank you

Drew

Share this post


Link to post
Share on other sites

You won't make it if you are always tailing. You need to implement your own ideas instead of buying and selling with everyone else. His system is complete garbage, put the 2k into a micro account and start learning on your own.

Share this post


Link to post
Share on other sites

Totally agree with sicktrader. When I was first starting out I bought his software and his book and his daily reports. This was back in late 2003. His reports were extremely bearish and stayed that way for at least a year which is as long as I stayed subscribed. His software is nothing fancy, you can get the same tools in virtually any much cheaper software. We all know what the market started in late 2003, a massive massive rally.

 

Stay away from him and his stuff. I'd be ultra surprised if that guy could trade his way out of a wet paper bag using the approach he recommends.

 

With kind regards,

MK

Share this post


Link to post
Share on other sites

I can't comment on Miners software (I did read some of his stuff when god was a boy, can't have been that memorable as I don't recall much about it). I have to respectfully disagree about forging your own way. There are plenty of systems, methods and approaches for sale and in the public domain that can be traded profitably. There are some right here on TL. Some gurus spread this idea ('you have to make it your own') to hide the fact that the stuff they are peddling is not particularly efficacious. The reason that people fail at trading is more likely to be that they can not consistently follow a system or method rather than it being 'faulty'.

Share this post


Link to post
Share on other sites
DTosc is StochasticRSI available here.

 

where would I find that? Is it written somewhere in Trade Station "Easy Language?" I am not a programmer, so would need a lot of hand holding to get it set up properly in TS.

 

thanks for your response

Drew

Share this post


Link to post
Share on other sites

I have read and enjoyed his book - and do feel that there is useful information that is tradeable. As far as the software - though it makes external retracements, internal retracements, and symmetry retracements alot easier to do in TS - do I really want to spend 2K on a program that is nicer to draw lines with? In the end - I dont see any other benefit to it. (I was never was interested in the screener - since I trade the same basket of stocks and futures - I can easily scan that basket for my set ups)

 

You can get pretty damn fast with TS in drawing the lines after a little practice.

 

Carolyn Boroden is another trader who learned Miner's methods - and trades it on a daily basis. (FibQueen is her moniker - and has also written a book somewhat similar to Miner's but with more emphasis towards day trading. I have joined her trading room in the past for a free trial and watched her trade these set ups in multiple futures market with success. She gives out some free videos daily on trading that style - so I would recommend her as a resource for free daily "examples". (fibonacciqueen.com)

 

As far as his ability to trade - I have no idea. MidKnight might be right about his lack of ability to find sunlight while stuck in a hole on a summer day. But is success in a field a prerequisite for passing on useful information? (A good question. I would argue yes if you want that person to be a mentor. I would argue no if they are merely a conduit of information that they are passing on to you in a useful way. Business/Law/Medical schools are prime examples of the latter.) I know he did win the Robbins Trading Contest in the 90's in the future market (mentioned in a Traders Audio interview Traders Interviews - View - TraderPlanet, but I have no idea who he was against/etc.) So who knows.

 

I think the best thing he has taught me is trading in two time frames - and obeying the direction of the higher time frame. In looking at my trading journal - those trades have a much higher win rate than the other trades. (as they say - the trend is your friend).

 

I agree with Blowfish - in the end it has more to do with the trader pulling the trigger than the system they are using. Good luck.

 

 

Peace

Share this post


Link to post
Share on other sites

An alternative to DTosc could be a double smoothed stoch, the dtosc isn't going to provide you anything different IMO. I have the software but am no longer using it... Wish i could sell it off but I can't... To be fair from my understanding Carolyn B is not a trader she offers a service that plots Fib S/R and Fib extension targets using Miner's methods minus EW. But she is an analyst not a trader. EW was tough for me so i dropped it... My suggestion would be go the Wyckoff way...

 

l8r

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.