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< I've discovered Money Management will make or break you and quite
quickly>
Yeah... I'd speculate that money management is the biggest key to
success in trading.
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, Kevin243@xxxx wrote:
> Jayson,
>
> Haven't use Miner's software. A person can usually eyeball the time
> relationships. Say the up move was about a month, so starting
looking for a
> bottom at 1/2 a month, a month, a month and a half, etc. Tedious,
but can be
> done. Many of his price patterns can easily programmed in Metastock or
> Amibroker. I'm glad that Amibroker has the versatility to program
the code
> for the average swings, not to mention the other possibilites. I'll
have to
> get out his manual out and go through it again. I'm currently
using a my
> own version of Bill Williams software, both Intraday and Daily. I
need to
> explore weekly also. I really like the flexibility of switching
time frames.
> I keep two Ami databases up at the same time - Intraday and
> Daily/Weekly/Monthly. I always end up second guessing the signals.
Not
> Good.
>
> Anyway, there is probably too much emphasis put on trading systems
anyway.
> I've discovered Money Management will make or break you and quite
quickly.
> It seems that all the really big or notorious traders made and lost
fortunes
> with very aggressive money management. Have studied Vince's work
and such
> and put into practice. I have started to incorporate simple money
> management schemes into AFL, such as 2% of capital. It is an eye
opener,
> when your about to enter a trade and the money management math shows
a trade
> twice the size you expected or half the size......
>
>
> Kevin
>
> In a message dated 4/24/03 6:45:47 PM Central Daylight Time,
> jcasavant@xxxx writes:
>
> >
> > Kevin,
> > You will find this place to be far different than Equis. Tomasz
has almost
> > magical powers in anticipating what users want/need. Fib time
would indeed
> > be a very nice addition. Have you used miners dynamic trading
software?
> >
> > Jayson -----Original Message-----
> > From: Kevin243@xxxx [mailto:Kevin243@x...]
> > Sent: Thursday, April 24, 2003 7:09 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: Re: [amibroker] Re: trends
> >
> >
> > I'm new to Amibroker. Converting over from Metastock. I've
always been
> > interested in Robert Miner's work. I was going to try to write
some AFL
> > for the swings, that Jayson did. I have it and am using it
already.
> >
> > Now, if we can just get the over-worked Tomasz to create Fib Time
tool like
> > the Fib Price tool (only sideways). I tried to talk Equis into
making a
> > tool like that and got nowhere. Same with Elwave.....
> >
> > I've studied enough Elliot wave theory and applied it, that I'm
now cursed
> > with it. All I see are Elliot waves. There is a real art to trading
> > Elliot waves successfully. I think Miner's approach is as good as
it gets.
> >
> >
> > I spend so much time trading, it's tough to find time to develop
> > systems....
> >
> > Kevin
> >
> >
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