CycleTrader, version 2.0 (Bressert Group) by Barbara Star, Ph.D.
Most traders dream of
catching price tops and
bottoms on a consistent
basis, and CycleTrader
helps traders do just that.
The brainchild of Walter Bressert, well
known for his work in the field of cycle
analysis, CycleTrader integrates the
concepts he developed and advocates in
his book, The Power of Oscillator/Cycle
Combinations. CycleTrader combines spectral analysis with oscillators,
timing/trading bands and trade entry
signals to locate potential buy and
sell turning points. The program
works in any time frame and can be
used with stocks, commodities, indi-ces
and mutual funds.
Rather than create a standalone
program, Bressert joined the growing ranks of software developers who
devise value-added programs that run
only within certain financial charting
packages. In this case, Omega Research’s
TradeStation and SuperCharts provide
the engines that power CycleTrader. This
approach holds some pluses, such as
reducing the learning curve for current Omega software users and enabling the
product developer to maintain control over
proprietary formulas by storing them in
locked files. The downside, of course, is
that the program remains unavailable to
non–Omega software owners.