Letters To S&C by Technical Analysis, Inc.
In the July 2011 issue of Stocks & Commodities, Donald Pendergast Jr. wrote about a fully mechanical intraday trading system for gold futures that he called GoldTASCMaster, but he also mentioned an article he wrote on a swing-trading system, and the July 2011 article’s Figure 1 (“The Eldorado Gold System”) seems to be from the other referenced article; is this the case?
Does he intend to do any follow-up articles in the near future on these systems? Has he traded either of these systems successfully?
Thanks for any clarification or additional information that you can provide.
Donald Pendergast’s July 2011 article, “Calling The Tune In The Gold Market,” was an enhancement of one of his earlier articles published in our online publication, Traders.com Advantage (“Gold Futures System Music To The Ears?”, February 4, 2011, www.traders.com). The chart in Figure 1 appears in both articles. Pendergast has not followed up on either system, as he has since developed better systems. These systems were presented as a work in progress to see what would work. He has not traded these systems for his personal account.