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Strategies & Market Trends : Dunnigan's Swing Formulas -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (29)	1/28/2002 6:19:32 PM
From: KymarFye	Respond to of 37

Found it! Right on top of my computer monitor... Got things mostly right...

To: KymarFye who wrote (29)	1/28/2002 6:45:47 PM
From: MechanicalMethod	Read Replies (2) \| Respond to of 37

Kymar, Thank you for the comprehensive report. They have EL system code for sale so that's a plus since it's not indicator's. People will sell indicators instead when the strategies don't backtest well. I expect it's heavily optimized, if not parameters then as you say the profit targets and stops are. But it's uncommon to see 1.5+++ profit factor systems for sale and that's right out of the box so even allowing for some optimization it's likely theres some substance behind the strategies. Although 70 trades over 10yrs isn't enough data points for a reliable sample. I expect it's a lengthy read so I'll skim it and settle on a few items that interest me. If I get 1 good idea from it I'll be happy. It's always interesting to see other's perspectives on how to do things and system rules are my main interest so this is obviously a good book for me. I'm always skeptical about people who write books and sell code rather than trade... or even if they do it in combination with trading, unless it's for what they learn themselves by forcing the process into a tangible format others can understand. Just rambling and I should be working. I've got too many directions I'm headed at once and need to regain some focus. Brain keeps working overtime thinking up new things instead of completing what's in front of me. There's a good chance this book gets added to the stack of stuff I get too until I'm ready and then I always find it's just what I need for the moment. Thanks again for recommending it and best regards, MM

To: KymarFye who wrote (29)	1/28/2002 9:30:02 PM
From: fut_trade	Read Replies (1) \| Respond to of 37

Thanks. Over the past few months I've looked at a type of pattern-based trading similar to what you described, and I think it's a good way to go. Larry Williams has also described trading systems based on different patterns, which also seem consistent with the approach you described. The trouble with Larry is that he tends describe too many different ideas or systems, some of which perform poorly. It's a chore to decide when Larry is saying something useful. One major advantage of pattern-based trading strategies is that they can eliminate ad hoc fitting parameters. I've wasted a lot of time computing "improved" parameters, only to throw them out shortly thereafter in favor of even "better" parameters.