December Commentary

AlphOmega is releasing this months its version 5.0 of the product. This version features a simpler expert with commentary. The expert displays only entry and exit signals for ranges of 1% to 34% of price retracement. The usual colors are used to display the trend (through the use of CCI). Agreement between the explorer, the system tester and the expert has been achieved on the signals even if different modules are used. This expert is for traders who must have a quick screen response; the overhead of the expert is much lower than the others. The symbols used are more explicit, showing the addressed sensitivity, the type of entry or exit. The inner workings are the same as the normal volatility expert; the way of using it is a bit different as you have to set the sensitivity you want to trade. To know what sensitivity you should use, switch to the regular expert, check the sensitivity of the waves that are good trades and use it in the new expert. Now you can monitor your trades, watch for signals in intraday and place your exit. A commentary (the same you get with the Simple template) can be displayed if the situation gets too complicated.

 

 

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With the new expert, we have released an exploration and a system tester that monitor only impulses. The exploration has a new feature, it is using a global variable to filter securities that have not been updated in your last download. This way you avoid entering a trade on an old signal, even if only one bar older. The global variable needs to be updated daily by the user and the update is a bit cumbersome. Going through the Indicator Builder™, you edit the AO GDate entering the last date of data you downloaded. This global variable is then used by the Explorer™ to filter out all that do not have this latest bar. While it makes the exploration a bit slower, it provides accurate signals and prevents entering a trade one day too late. To alert the user that the variable must be updated, an asterisk has been added to the name of the exploration. The Enhanced System Tester™ now gives identical signals (providing the trade setup is the same) to the Explorer™. Because there is a difference in the space allowed for formulas, at times different formulas were used to achieve a similar result. Similar was not identical and it poorly reflected on the set's accuracy.