John W Elite    Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia  User Profile | Hi Jim (Jimmer), I agree with your comments about Daryl Guppy and the Countback Line. Prior to joining the Nirvana Club I was heavily invested in a competitive product to OmniTrader, and I undertook a lot of research comparing the CBL with ATR for position sizing and setting stops. I finally concluded that the two approaches were similar, but the best results on most charts and back tests was to set position sizing and stops based on the tightest of the two alternatives. In this particular case OmniVest has already confirmed an approval to set an ATR global stop and we are still waiting to see if they will also use such a stop for position sizing and perhaps also take this down to strategy level, plus there is the generous offer by Jim Dean to share some of his advanced work in this area. I don’t know the copyright restrictions that may be in place for Nirvana after the work they did with Daryl Guppy, nor do I know the workload in front of OmniVest, but the CBL is another valid input for consideration for position sizing and stop placement. John | |
