Quote:
Originally Posted by Tallstock
The software certainly exists.
Some formula are better than others. They have been around for years and are tried and tested. Investors don't need to spend thousands of $'s on "black box" systems that might not suit them. Most software vendors offer a free trial period.
Better yet find a local mentor through an Investor Group. A mentor will probably get you to chart some historical prices on a piece of cheap Graph paper. Trends and their reversals soon start to become apparent. For something more fancy you might progress to an Excel Spreadsheet/Chart. Most On-line Brokers have free charting with multiple indicators (formula). Later, move up to a software program.
I enjoy writing my own code for the adaptable software I use. Very satisfying. Like Edison I had to wade through 1,000's of lines of code to find the system that works for me to produce consistent profits. That's the fun part.
Sorry, I am not familar with the Law of Unintended Consequences.
Peter
|
Peter we are not trading the same animals , your doing what I used to do ~ trading individual stocks .
Index CFDs like the Aussie 200 Cash are based on the XJO & the SPI , also the providers spread plus there spike play crap .
No software will ever cover those parameters .
Congratulations on being able to work out the interpretation of those codes that suit , hat off to you Sir
An example of Unintended Consequences : Alcohol was banned at football matches to stop fights , result was inebriated fans arriving , creating more fights then before .
Regards Bobby.