Stocks & Commodities V. 23:2 (82-85): Product Review: Trade Oracle by Dennis D. Peterson
Trade Oracle (TO) is a set of indicators, experts, explorations, and system tests for use with MetaStock 8.0 or higher. The package is composed of 90 systems selected by the Trading Systems Analysis Group (TSA Group) after testing 10,000 different systems across
4,000 different stocks. They only chose systems that performed better than buy-and-hold on more than 50% of the stocks.
It has a couple of unique features that you will likely find profitable, such as telling you where your stops should go and how long to stay in a trade. Use of the package is straightforward, and since all the code is written in
C and then incorporated as dynamic link libraries (DLL), it is also fast. However, this also means you can’t see the code directly on your screen. All references are to “ExtFml” — that is, external formula. However, a manual is provided that shows the MetaStock code.
Let me say again at the outset that this tool can make you money. It follows trader Gary B. Smith’s “platinum rule” of trading.