Hello! First of all - thank you Jose Silva for constructing them for MS! :) I would apprechiate if few things could be explained to me. Impulse System: 1) What does the "No entry x periods from the last exit" mean? I can´t figure that out. 2) When examining the daily charts, should I leave both, Daily and Weekly EMA periods on 13? Or should I change the Weekly value to 26, as Elder suggests (if I understood him correctly). And what values should I use when examining the Weekly charts only? AutoEnvelopes: I learned about this indicator on MetaStockTools.com, but it´s not described in any of Elder´s books. But it seems useful, tho. 1) "Lookback periods" - should this value be generaly twice as big as "EMA periods", or is it OK to use the same values for both? 2) Long signals and All signals: The up and down arrows should point out, when to go long and when to go short? 3) Enty/Exit signal delay: if I figure, for example, that entry signals would be better if they would be 5 days delayed, than I should type in 5? Trailing Stop - ATR Chandelier Exit Elder´s recommendations are: ATR multiplier: 2.5 or 3 ATR periods: He doesn´t specify that, but Wilder suggest 10 days ATR lookback periods: 22 When the Chandelier Trailing Stop rises and the prices are above the line, then everything is fine. But when the prices collapse and the T.S. starts to fall, when would be the best time to enter the position once again? When the prices go above T.S., so the T.S. line once again becomes valid? Just wondering. Any possible explanations are very much welcomed :) Thanks!

Exclude any new entry signals if they come along within x periods from the last exit signal. All up to you. Plot it on your chart, and use what looks best for you. The same advice would apply to all remaining questions. jose '-

Let me find the reference for you once I get back home. It might be on the disk. It's in the same vein as the trendline channels. I based my master template on Elder's channel work; though I paid Jose for some customized feaures and later modified it further. You won't get an ounce of difference from Jose's basic AutoEnvelopes and Elder's though the formula construction of each is completely different. In general, I find all of Jose's solutions to be highly customizable and tailored to the end user.

I have a used copy of CIMTR as well, and there was no CD, no reference to one and no indication that there ever was one (like an empty CD sleeve etc.) Perhaps someone is remembering a different book?

Thanks for the explanation, StorkBite. Do you remember if Elder talks about the lookback periods? He usually gives some numbers to operate with.

Elder's SafeZone indicators are the only ones that I have using an explicit 'lookback' variable. The parameters are min=10, max=300, default=99. IMO, the word 'plugin' is misleading, as the plugin consists of a collection of self-installing, stand-alone formulas. While it is not my intent to write a review, I can tell you that I am glad to have had the opportunity to read Elder's books. IMO, CIMTR is the best of his works. I walked away with the knowledge of what types of indicators he finds useful. Don't get hung up in the exact formulas, because the methodology is more important. In hindsight, after purchasing his formula collection, I don't think any of the indicators are unique (except in name: market thermometer, safe zones, bear/bull, etc... respectfully, I say that these names are all sales gimmicks.) There are many free variations available all over the internet. e.g., sentiment indicators, channel indicators, stops, etc. Jose has at least a few posted on his web site. If you really want to develop a custom indicator that will suit your style of trading, I suggest that you spend the same money you would on these formulas and hire a proficient MS programmer to develop your concept. Chances are that you will come out a lot cheaper and be much happier in the long run.