To: Julius Wong who wrote (137 ) 4/18/1998 4:38:00 PM From: Ken Adams Read Replies (1) | Respond to of 402
Julius... Thanks for getting back to me. I'm using the same settings you are, but I let it test for shorts, as well. Not that I'll use those signals, but that's part of the default settings, and I just left it alone. I guess one of the things I was curious about was exactly "when" you got the buy from OT on DSTM. As I said, on my system, the signal came on 3/27 and I got what I would consider a confirmation from WOW the next day. Interestingly, OT also gave a buy signal on March 9 and I have a WOW confirm exactly 2 days later, right at the reversal on the bottom. So far, I'm pretty impressed with using OT to do the prospecting, then make my buy decisions based on what I've determined works pretty well in WOW. These two signals mentioned here would have made a very nice couple of trades. To that end, I got an OT signal to go long EGGS on Wednesday, the 14th with WOW just stopping short of confirming the next day. I was able to watch real time trading around mid day Friday when EGGS began to move. I picked it up at 10.1875 and it went on to close at 10.50 for a nice single day move. I'm basically a 10% trader, and that's what I'm wanting OT to find for me. If EGGS will pop to about 11.25 next week, I'll probably dump it and run. From what I'm seeing in just the short time I've been back with OT, it will produce far more signals than I can possibly trade. As I mentioned, I like the short term, quick trades. I am interested in seeing if I can get just that with "Ed's Magic" profile. Have you, or anyone who might be lurking here, ever had any luck with that profile? It's especially designed for 5 day trades. I just haven't had a chance to take it for a spin. Bill, you still out there? Ken