| harrynsc |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Saturday, November 6, 2004 |
| Wednesday, July 14, 2010 12:02:45 AM |
17
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P.
Thanks! I'm a hardware engineer, but did some software years ago, so I've been reading
the Perl book and both of DeMark's books. I'll probably retire in the next 2-3 years, so I
wanted to get a headstart on my avocation. There's so many good ideas; it looks
like I have thousands of hours of backtesting ahead of me.....
H.
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I download a DeMark Layout, I think it was DeMark-Beta-5-310-a from pthegreat,
and it has so many windows,that I get a warning about the number.
The second thing, is that some of the windows
that are closed at bottom are labeled hourly-Demark and 5min-DeMark.2, but
I am only a gold member, so I just get daily data.
I'm trying to go through the realcode and the Perl book and learn something, but
on the daily chart, when I look at the real code for "TD-sell-perfection" it has a line:
'# TDsell = indicator.unlinked.TDseqSell.2
I have been unable to find the keywords "indicator" or "unlinked" in the API or
help files??
Was TDsell based on one of the 5 min or hourly charts, and because they
don't exist in my system, does the compiler change what was there to unlinked??
pthegreat, if you would be so kind as to change all the charts to dailies and/or
weeklies and save as revision1, it would be great.
Thanks,
harrynsc
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Just so I'm clear, is this how you do the 30% and 70% lines on Wilder's RSI?
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I'm trying to create a real code indicator similar to RSI, with the plot and two additional
horizontal lines at 80% and 20%. I tried:
Plot = 20
Plot = 80
plot = formula for new indicator
All it plots is the last plot statement. I can always add two horizontal lines
manually, but it would be nice not do this everytime I add the indicator.
Any easy way to do this?
Harry
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tmtj,
Yes, you can make money in the markets, but it is hard. Most people think that if they get the right system or indicators, that's all they need. I found that for me, emotions and money management were 90% of the problem;
the system was only 10%.
The number one thing, strangely enough, is keeping good records. Go over your trades for the past year and see why you bought what you bought. Did you have an exit strategy? Did you change your strategy half way through the trade? etc. I don't mean just number of shares and price, but how you found the stock, what did the chart and financials look like, what was your strategy if it went up x% or down y% the first week, etc. How big was your trade as a percent of your equity, etc.
Buy the book "Trading for a Living" by Dr. Alexander Elder, WITH the workbook. Read the book and do all of the workbook. The book is very easy reading, but the workbook is VERY hard. Read the book again and do the
workbook again. Keep doing this until you only get one or two of the questions for each chapter wrong. This may take five to ten times!!
If you do this, I will be very surprized if you don't see a huge difference in your trading. Go back through two years of Worden Notes and read what
the Knights have written. These people have been there.
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