| jeba9999 |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Thursday, January 1, 2009 |
| Monday, July 13, 2009 11:23:11 PM |
4 [0.00% of all post / 0.00 posts per day] |
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Hi.
I have TC2007 ....and may want to get StockFinder also
I would like to trade Thomas Bulkowski's stock patterns, particularly the "Pipe bottoms" and "High Tight Flags" (and possibly a few others)...
http://thepatternsite.com/pipeb.html
http://thepatternsite.com/htf.html
I'm fairly new to scanning capabilities....Will StockFinder work to find these patterns?
Thanks...Greg
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QUOTE (davidjohnhall) hi Jeba,
you mention that you don't have time to make your own system -- will you have the time to trade one that you buy? Unless you hand your money over to a manager, everything in the market takes time and energy to execute. Much more time.
When looking for prepackaged systems ask for a 3 year live history of real time trades. As for a real time equity curve. That will narrow your selection down to nearly nil. A few questions to ask yourself:
1. How long of a holding period am i looking for. I'm guessing you're not looking for a daytrading system. If you don't have the time to create your own system you definitely don't have the time to day trade.
2. How much capital will the system be trading
3. How many simultaneous trades will you be managing?
4. What type of a drawdown can you comfortably withstand?
5. Will you be looking for a trend trading system or a counter trend trading system?
6. Do you want to know how the system works or are you okay with a 100% black box system.
Those questions were just off the top of my head. Others may be able to provide more insight.
Good luck in your search.
David John Hall
Thanks for the questions..
Does anyone have a name or a few names of reputable mechanical trading systems that you've had good experiences with?
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Hey,
I'm looking for a pre-packed mechanical trading system to purchase...I don't have the time to make my own and I'm finding it very difficult to find objective reviews and/or back-tested systems to buy.
Do you have a system that you recommend?
I would appreciate getting your opinion.
Greg
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Just getting the basics down of drawing trend lines and all the rest....
Is there a concensus of whether it is best to use a Logarithmic chart vs. Arithmetic?
Are reversals easier to spot in one or the other?
Thanks in advance.....Greg
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