V13 (608): SB:PR: Automating Elliott wave - Technical Analysis, Inc.

V13 (608): SB:PR: Automating Elliott wave - Technical Analysis, Inc.
Item# \V13\C13\SIDEAUT.PDF
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Product Description

Is it possible to trade Elliott waves mechanically? This was the quest of Advanced GET developer Tom Joseph and what stimulated him to develop the program. Joseph trades his own funds with these techniques, so his motivation was proper: He had money at risk. Plus, he agreed that Elliott wave analysis was complex and subjective.

As he tells the story, he was able to follow Pareto's law (80% of the result comes from 20% of the effort) with different ratios: 35% of Elliott analysis generated 80% of the profits. In other words, he simplified things. He focused on wave 3 and particularly on waves 4 and 5.

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