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----- Original Message -----
<DIV
>From:
acesheet
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, February 21, 2004 5:47
PM
Subject: [amibroker] Re: Sigma
Bands
snip
In evaluating Maggio's service ask yourself a few questions. Why
create a for pay website to sell the idea to others if it works so
well? Why not just trade your way to financial freedom and retire?
Beware of snake oil. Maybe he's got something good there - I have to
admit it looks good - but I sure don't blindly trust a web
site.
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FWIW, on the basis of a
discussion with one letter writer, the answer as to why these guys write
letters is very simple. The writer is doing this for himself and selling
it brings in some extra cash and provides a "forced" discipline to keep
things timely. There is little concern about adversely affecting
the method since it is generally true that relatively few actually
follow the letter and hence will not impact the market. I suspect that
many writers are in this mode.I'm sure a discretionary
trading system could be built using envelopes and oscillators that would
perform fairly well, however there would really be no way to backtest it.
Forward testing or trading would be the only way to do it.
Most likely such a system
(and the ones that I am aware of that are working now) involve the use of
other indicators. Nothing in a
"vacuum."-ace
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
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