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hayseed  
#1 Posted : Sunday, May 15, 2005 11:41:22 PM(UTC)
hayseed

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Joined: 3/7/2005(UTC)
Posts: 1,346

it did not escape me that the system 'pp :: CCI (Modified) ' , included with meta 9, will nearly always be the most productive when comparing system tests, nor did the trade exit efficiency which is excellent approaching suspicious nor did the provided system notes touting """DESCRIPTION: This system is a modification of the standard Equis Commodity Channel Index (CCI) System, and is only provided to demonstrate how PowerPivots can be used to improve & enhance other trading models.""""..... my first thought was, 'that’s a mighty bold statement there mr marketangel.com'.... but keeping in mind the tree bearing fruit receives the most sticks and stones, i held back my mud slinging till looking deeper..... glad I did, both.... the 70 page manual itself suggests the difficulty in explaining power pivots citing, ' it is beyond the scope of this manual'...... its deep.... i spent several weeks slowly going through it, that included creating dozens of layouts and templates along with comparing countless system tests..... likely i'll spend that much more, however an experienced person could be trading within minutes..... powerpivots plus comes with 13 password protected systems, 10 formula provided systems, 5 templates along with a hand full of indicators and functions..... each system has a companion expert and explorer..... the password systems can be modified to a degree, such as in the highlights, symbols and alerts which is helpful..... the wide open systems are just that, formulas provided, which is nice...... the basis of power pivots is turning points, finding, labeling and referencing those turns on different time frames in order to trade in or out.... it uses extensive math along with every conceivable parameter to label the charts in a elliot wave like manner, not ewave just similar.... the needs of power pivots are a minimum 1000 periods of data, volatile securities with at least 1 point range between pivots and reasonable volume..... the manual suggested using 25$ securities at first but i quickly went though all prices levels including atml ...... the pp systems use differing techniques but all use pivots to identify key points and compare different time frames..... this my take on them which may or may not be correct..... 1. binary pivots..... builds a binary wave by referencing minor, intermediate, major and primary trend..... 2.contrarian..... the overview is somewhat misleading..... trades against the trend but at key points only..... 3.cycle rotation..... trades with the trend key points..... 4. cycle rotation retracement..... uses fibonacci..... i'll say this only 1 time , if you believe in fibonacci or more to the point if you'll wager your money on it, this might be for you..... 5. five bar swing..... trend following with roughly speaking a 5 day ma.... 6. 5 bar swing retracement..... uses fibonacci.... 7. pivot clusters.... trend following at matching different time frames.... 8. pivot takeout..... trend following at key breakout points.... 9. pivot validation ..... looks for 2 higher time frames to confirm.... needs long trends to be worthwhile.... 10. stochastic trend..... the name implies it all.... '''excellent method for trading with the trend''''..... 11. trend retracement.... not clear, possibly fibonccia..... 12. t-fade.... trend following at support/resistance key points.... 13. volatility pullback..... uses fibonccia..... this forum must have a length limit, so now page 2.....
hayseed  
#2 Posted : Monday, May 16, 2005 12:25:10 AM(UTC)
hayseed

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Joined: 3/7/2005(UTC)
Posts: 1,346

13. volatility pullback..... uses fibonccia..... and the 10 wide open systems are similar..... pp plus include some indicators and external functions that are beyond my abilities at the moment, but should have much appeal to the patrick, jose, and roy larson types..... some common suggestions would include.... create some layouts containing multiple time frames with the expert attached..... large monitors are a plus..... save those layouts and templates in each monitor size.... create layouts containing 1 security but different experts.... run system tests in 15, 30 and 60 minute along with daily time frames to compare.... the daily appears to have the best returns so using only eod data is not a liability ..... export and combine the test results to excel or print each to compare all categories...... there is far too much to say in one post, that was learned the hard way, so in summation..... my time spent with powerpivots plus was time well spent, though it would have been nice if the many web links provided had worked..... perhaps after writing all that mind burning meta code they figured <img src="under construction">, thats a webmaster joke..... thanks to the marketangel's if their still in business on this great earth and of course equis among others......h
some of that might have been lost in the 'length' confusion but you should get the overall point.......h ................................................ adding something here to advert confusion..... how long i take looking at something should be no reflection on how long you would take.... going off in tangents can eat up time... a hayseed can read 1 sentence and end up with 3 questions..... consider the manuals reference to , 1 point move between pivots, 25$ securites and such.... is that a 1 point range between minor pivots or major pivots.....does this mean it will not work with 'atml'... can we just multiply 'adct' by 10 to get it in that range.... now theres a thought, if we multiply the security by 100 will that increase our accuracy..... so you see its tangents, 6 hours later i read sentence 2..... and here we go again......h
henry1224  
#3 Posted : Monday, May 16, 2005 12:59:56 AM(UTC)
henry1224

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hayseed, The true strenght of this Add-on is the external functions,which allow you to really create a custom system
hayseed  
#4 Posted : Monday, May 16, 2005 4:40:28 PM(UTC)
hayseed

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346

hey henry.... thanks..... surely those external functions would appeal to many.... and i see you have put them to good use.... for those that look at that say what math and feel like there might not be anything for you, keep in mind you don't have to understand it to profit from it.... meta does the math anyway..... getting in or out 1 day earlier helps sometimes......h
henry1224  
#5 Posted : Sunday, May 22, 2005 11:35:33 PM(UTC)
henry1224

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT

Was thanked: 2 time(s) in 2 post(s)
If you have questions about any of the systems that come with this ADD-ON I will try to answer them. I have no affiliation with the developers of this ADD-ON nor with Equis. for further info try the yahoo user group PowerPivots Plus.
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