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Non-Tech : OmniTrader-Do you like it??? -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (274)	10/3/1998 8:47:00 PM
From: Dale Wingo	Read Replies (1) \| Respond to of 402

Yes, most of my trades start with an OT signal, although now I've added 'Befriend the Trend' as another source. I'm still looking for the ideal verification strategy. The questions you asked on that first set of picks really helped me review them and come up with the very best trades. So then, I'm your best verification strategy now?<g> It can. I like working with a five day trade period, but if I catch a good trend I'll stay in longer. Mostly I watch stochastic(5.3) and Will%R. Once both of those "turn up" I'll exit. If I'm indecisive, I'll go back to OT to see what it says. Thanks, I'll start playing with Stoch(5.3) and Will%R and see if I can see what they're telling me. Working through these questions is very helpful for me. As I answer, I see what the strong and weak points of my method really are. So, these aren't as dumb as I sometimes think they are? You don't have to answer this one! OT saves me from spending a lot of time writing, testing and running scans. Even though my background was in computers and I know how to program, I don't enjoy programming. I figure they've already done the work of developing scans and the tool to match the appropriate scans to the stock. It still takes good judgement on which signals to follow, to get really good results. I happen to still enjoy programming but would rather spend my time on good trades with a 70% chance of success and have great money management skills. I hated statistics in school and don't like them any more now.. I was hoping you'd leave judgement out of this.. Have you been keeping stats on the % of those stocks recommended by OT that you decided were trade worthy? How about the % of good trades that OT has recommended and you eventually traded? Thanks a lot! You've really been helpful to me in getting my mind wrapped around some of this. Dale