Hi Babak, you are right when it comes to his so called sophisticated approach concerning chaos and fractals and what have you. Their is nothing sophisticated about it. But on the other hand you have to admit that he is quite open with his trading approach, it is very easy to replicate his formulas. I know a lot of other people who want to sell you their product as a black box.
Hi Sunnyskies, what can i say, yes i do make money with it. It's a trendfollowing system like many others with the same pros and cons such systems have. I enjoyed reading Bill's books, implemented his stuff on my computer, made some explorations and backtests and found out: it works for me. regards Lennetkann
I am also reading Bills' book and find it is interesting. Nice to see there is a forum here. I am also trying to setup the alligator lines to match with Investor's Dream. But I can't do that. It should be some more parameter I am missing. I find that the line similar to Investor's Dream alligator lines Green 8-smoothed moving average Red 13-smoothed moving average Blue 21-smoothed moving average which different from his books.
The exact Alligator settings are: Blueline EMA 25-8 of h+l/2 Redline EMA 15-5 of h+l/2 Greenline EMA 9-3 of h+l/2 of course this is a indicator piece of a whole method which i believe is the best trend following i've seen so far...but you have to know when and where to apply it.
I find it hilarious that the guy baits with "trading chaos" and then he switches to the ol' Fibber McGee numerology.
I'm with Babak on this. I once sat in on a session he gave at a conference. I was embarrassed for him. Secondly, you have to doubt anyone who calls a specific set of moving averages "fractals", and generally misuses mathematical terms and concepts.
There is something about the crap some people put into their advertising. But nevertheless the trend following methods are rather reliable and they do work. I would not judge the book by its covers and its title no matter how misleading it might be. The core contents of his books, once you get rid off the crap, are pretty much on the money.