I probably should expand a little...
Certainly some of Ehler's stuff looks interesting (MESA and other dsp)
and they *might* be useful for the basis of a mechanical system.
Personally though Hurst's logic (and those of his peers) makes much more
sense to me from a trading perspective.
This is partly down to trading reality (you can make much more money
with *good* discretionary analysis than you can with any purely
mechanical system that I've come across), partly down to my own
analytical preferance and partly due to the fact that I am not an "ace"
programmer. Although the latter is the least relevant.
Other advice...stay away from stuff that focusses too much on the
*cause* of cycles rather than their observable *effects*, although from
your question it looks like you are wisely not considering anything
where you have to look to the heavens for clues :-)
Andy
Sirbrainfart wrote:
Yes,
Books by Hurst (Profit Majic of Stock Transaction Timing), followed by
Millard (Channels and Cycles) and Cleeton (The Art of Independent Investing)
My advice...stay away from all the fancy filters and transforms as
cycles are too ephemeral to mechanise fully. These books will help you
use cycles as *part* of a *discretionary* method of trading. Unless
you're a whizz programmer of course, in which case please pm me after
reading these.
Andy
jeffro861 wrote:
Has anybody had any success with implementing cycle identification in
there trading systems? If so which one (MESA, FFT, etc.)?
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