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Non-Tech : OmniTrader-Do you like it???

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To: DaveJ who wrote (361)6/26/1999 11:12:00 PM
From: Frederick A. Fyfe  Read Replies (1) of 402
 
Dave, I use the RT reversal and RT breakout with only a couple of changes. I use Bollinger bands as 20/2 and Stochastic crossover as 43/5/3. (This seems to give a straight up break, rather than gradual).

I'm a Nirvana club member and I use ARM2 profile and if the signals and the chart patterns are to my liking, I'll put it into RT.

I also set up a profile with only one system in it. It is a 3 day moving average crossing up through a 20 day moving average. For any move up - it has to start here.

I have my focus list set up with the results of all of the other profiles on it (breakout, diverge, Eds magic. master, trendline, 3X20) so that I can see what the signals are for all profiles.

The five minute charts are exactly the same as the end of day charts.
You have to move faster and not stay as long. I buy a 1000 shares at a time - sometime 2000. You can get a half point or a full point very quickly. When I get a RT signal, I look for a Stoc cross and if my gut feeling says that it is going up - I buy and I don't leave the computer until I have a pretty secure feel for the stock. If it doesn't move - I get out.

I look for good volume, at least 75,000 a day. Stocks that gap open, big volume coming in.

I hope that I have been a little help to all. If you aren't too sure, use the game mode. I used it for a long time and I still go back to it if I get into a slump.
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