webviper
34 posts
msg #34611
- Ignore webviper |
12/30/2004 7:33:46 PM
does anybody on this board use trend software
I use wizetrade and have been working on filters suited to trends
I would post my scan list if their is enuf ppl using trend software?
Let me know would like to see how it performs with other software
:)
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rsarno
103 posts
msg #34612
- Ignore rsarno |
12/30/2004 8:04:10 PM
how do you like wizetrade?
i was "THIS CLOSE" to getting it, but a quick google search returned VERY bad reviews.
thanks.
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durgin
60 posts
msg #34615
- Ignore durgin |
12/30/2004 8:12:24 PM
It looks like you pay $30/mo and get some black box results. It does not seem to be compatible with Stockfetcher where everything is in the open. My Google search came up with this critique (although I also think that this turtletrading site is a ripoff).
http://www.turtletrader.com/wizetrade.html
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yepher
359 posts
msg #34616
- Ignore yepher |
12/30/2004 9:39:53 PM
A year ago or so I did some analysis of Wizetrade algo. It is really a quite simple formula.
Here is the a simple way to get a Green short term and Mid Term light. Repeat same logic with monthly data if you want the long term green and achieve "The three wize me"
If you want the see the "exact" same graph as you would get for Wize trade here is the filter that will give those:
I also implement a System test with this formula in Metatstock and did analysis for the last 10 years of data. Sell signal was "Three Wize Men" and slope of line increasing between 2:00 and 3:00.
Sell signal was Mid term or Short term light turns red or 3% loss.
The system test did not really do all that well. The good thing is it got thinking about multi-time frame analysis which has significantly improve my real world trading performance.
My opinion is this. If the system is working for you than stick with it. For me I would not spend the money on it when I can get the same thing and more from a great site like Stockfetcher and Metastock which are significantly less $$$ and teach you to fish for yourself.
One more thing, here is an example of my first whack at charting the Wizetrade charts: http://yepher.com/chart.jsp?symbols=COMS These graphs are very close to the same charts you would get on Wizetrade. If you really like Wizetrade and you are a "WizeFinder" user I have an application I wrote for a friend that does the exact same thing except you don't have to pay $100.00 (or whatever it cost) a month to use it. I might be interested in licenseing it for you own personal use if you are interested.
If you search this forum I remember posting some more information about all this but I really don't remember exactly what it was.
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yepher
359 posts
msg #34618
- Ignore yepher |
12/30/2004 9:56:50 PM
slight error in the previous post. This filter should replace the first one above for Simple filter:
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webviper
34 posts
msg #34629
- Ignore webviper |
12/31/2004 11:59:44 AM
I dont use wizefinder wasnt doing the trick for me :)
I probably wouldnt trade without wizetrade
But I probably dont have to tell you the problem of matching up multi time frames
as if you look at your (coms) chart you will see what I mean.
So i started to try to make filters with underlying signals that
develope into trends short term or otherwise
This board has been a big help and some of the information ppl posted here
helped alot.
( I like to swing trade and try to base my filters on that.)
here is the scan for the 30th dec
sebl
emc
cd
imcl
ter
aw
isil
kong
appb
mama
powi
sigm
sgl
acsef
fve
sbtv
pcty
iig
Yakc was my big one for the 29th :)
these are not trade reccomendations for informational purposes
but comments welcome.
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yepher
359 posts
msg #34630
- Ignore yepher |
12/31/2004 1:23:23 PM
FYI, you can substitute COMS with any other symbol and get it's chart also...
So if this is coms
http://yepher.com/chart.jsp?symbols=COMS
then this is Atmel Corporation
http://yepher.com/chart.jsp?symbols=ATML
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webviper
34 posts
msg #34636
- Ignore webviper |
12/31/2004 4:43:16 PM
Interesting
mkir I pulled up while back seems to be the same as my charts (3 trends)
mosy I pulled up to but is different(in trend but diff colors)
will have to digest it abit
and i noticed this in several others
maybe what I see is a truer representation of price action to your charts
in refrence to short mid long
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yepher
359 posts
msg #34643
- Ignore yepher |
1/1/2005 12:19:50 AM
(MOSY) is a good example where I see a a difference between my chart and the Wizetrade chart. The error seems to happen when there are days where open and close are equal.
I compared my charts to Wizetrades (last year) and it seemed to me at the time that the way I am graphing is more accurate than the way Wizetrade does it.
I think that when the Open and Close are equal than wizetrade simply discards those values. I say this because Wizetrade just seem to continue whatever trend it had when that happened.
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