Quote from: ediface on May 13, 2019, 03:21:43 PM

Quote from: bikefront on May 13, 2019, 02:09:27 PM

ediface, would an election of the opposite Reversal really be practical? I can see some huge drawdowns in that kind of strategy. I was thinking of adding max profit and max drawdown on those things so we can consistently assess profit as well as loss.

It doesn't seem practical to me but that is where the stop losses are set by Socrates.

Quote from: bikefront on May 13, 2019, 02:09:27 PM

I was thinking of adding max profit and max drawdown on those things so we can consistently assess profit as well as loss.

If according to MA the best way to use Socrates is using the reversals, arrays, and GMW on each of the time levels then it certainly makes sense to put more data points in here to generate better buy/sell signals beyond the basic trading of reversals on a single time level. If there are formulas or examples for Google Sheets available anywhere that would be helpful.

Quote from: bikefront on May 13, 2019, 02:09:27 PM

Also, wondering why you chose to have subscriptions in those particular products? Also, if you could post some of your live trading entries and exits, that'd be great, if you are using real money to trade. If not, that's okay too, just that I'd like to know the actual trades made by the Socrates system.

The assets I picked are because I own those particular stocks long-term. Being familiar with those assets I figured it would allow me to more quickly figure out how to best use Socrates for any of my trading strategies. At this point I've only made a few live trades based on Socrates. I bought a few options for V and WMT based on the election of some daily and weekly reversals (I think overall break even on this) and I'm currently holding SDOW based on the turning point last week. I am waiting for the pull-back on DIS since the election of the monthly bullish reversals were more than 1% above them ($120.66). I will certainly post if I trade anything based on Socrates.

My main focus right now (outside of my full time job) is building out a semi-automated, if not fully-automated, trading system. I've got a majority of the core architecture built so now I am working on the trading algorithms. I was hopeful that Socarates would make this a simple task but that's not the case as of yet. I do scrape all the GMW statuses every day from the Global Stocks and can generate performance of those (there is some promise at least with a couple of the statuses on the daily levels). There are some gaps in the data, but I've got a good chunk of it since the middle of February. I want to start scraping all of the assets but I need to add the assets to my database first which I just haven't gotten around to doing.

I'm not a frequent trader and have limited knowledge of TA so I've been trying to build my knowledge base as I build out the system and try to crunch some data to see what gets spit out. Any ideas on how to process Socrates data (or any data for that matter) I'll gladly put the time in to do that since it would certainly be mutually beneficial.

I was under the impression that the stop was meant to be set a little under the elected Reversal. Once a Reversal is elected, it can test the Reversal as support or test the next Reversal, according to how it is supposed to work. Otherwise, it would net too high of a drawdown.

Armstrong has said that the GMW is not a trading tool and should not be used to trade. However, he has said some conflicting things in regards to the arrays and Reversals. He said we never trade in anticipation. Let the market show you the way. On the flip side, he also said the arrays can be traded if the market makes a high or low against a Reversal when it coincides with an array turning point.

The problem with options is that even if Socrates is right, theta can eat into value. Other things such as earning reports and other Greeks can really skew the value. I don't know if Socrates is better or worse on individual stocks, as they are not as liquid as generalized asset classes. I would guess it is not as good. I also have not tried the GMW on the daily level, but be careful of using data on specific things that works well when backtesting- it could be just a coincidence.

Afraid I'm not much of a data processor at all, but I do intend to get together the Reversals performance in a spreadsheet posted in the Private Blog at some point, hopefully beginning next month or so. I wonder if Armstrong would to go back and manually change everything though- but if he does...no bueno. I don't have a sub anymore on it because it didn't end up working for me so I will have to wait until I have the time.