I know that many people around here donât really like OmniTrader (my guess is they didnât take the time to really learn it), but Nirvana Systems has a Darvas plug-in for OT2004 that works great. Itâs not optimized so the signals donât change, thatâs one thing I donât like about some of their other trading models. And some people mention that the Darvas method only works in a bull market, well Iâve found it to work very well with shorting also. But do whatever works for you.
Or u can go here . Its free ) http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=2814 Enjoy!
You've missed a few critical points in the book. Firstly, what he calls the "techno-fundamental" approach. Basically this means only use the Darvas box method on stocks which have a "hot" story or concept. These are much more likely to have continual ascending congestion ranges that the Darvas method is suited to. More normal stocks will usually chop you up if you try to use this method. Secondly, he mentions the importance of staying out of the market once the speculative leaders start to break down and penetrate the boxes to the downside. Third, only return to the market when new speculative leaders emerge and start making all-time highs (or at least 52 week highs).
There is an Darvas-Code for Metastock on http://www.guppytraders.com/gup206.htm and for Tradestation under http://www.terminmarktwelt.de/cgi-bin/tmw-forum.pl?ST=7607&CP=0&F=IJNLK