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OmniTrader 2021 General Discussion
Rising Period System
Last Activity 3/29/2022 7:56 PM
8 replies, 716 viewings

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NormanH

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Subject : Rising Period System
Posted : 3/13/2022 12:22 PM
Post #48550

When I go under "Chart Options", Systems, there is a system listed called "RisingPeriodSystem(3)". I can't find any documentation on what it actually does. Does anyone know?
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Frank Birch

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Subject : RE: Rising Period System
Posted : 3/14/2022 1:32 PM
Post #48554 - In reply to #48550

Hi Norman & all,

The rising period system is a clever little tool, I do believe it to be one of the very first systems created inside omni language way back!

Its where the concept is that you must have 3 (Default Value) continuous up or down bars in the same direction for it to fire a signal.

As it says by the name of the system pointless setting the value to 1 say but 2,3,4,5??

W D Gann used a similar concept once a turning point has been made then enter on the count of 3 in said direction.

Hope this helps.

Regards

Frank Birch
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NormanH

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Subject : RE: Rising Period System
Posted : 3/15/2022 9:41 AM
Post #48558 - In reply to #48554

Thanks, it does sound interesting.
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LSJ

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Subject : RE: Rising Period System
Posted : 3/15/2022 9:55 AM
Post #48559 - In reply to #48550

Rising period:
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Will Rogers
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Frank Birch

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Subject : RE: Rising Period System
Posted : 3/16/2022 1:28 PM
Post #48569 - In reply to #48559

Hi to all,
(Falling Period)
When the shoe shine boy starts telling you what stocks to BUY?
Then its time to sell.

Joseph Kennedy (father of President John F.)

Respectively Frank.


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Frank Birch

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Subject : RE: Rising Period System
Posted : 3/26/2022 5:16 AM
Post #48594 - In reply to #48569

Hi Norman & all,

I don't play golf & its a beautiful Saturday morning over here in the UK!
I've got some time on my hands and thought I know what lets see if we can see if the rising period system can be made into a profitable strategy!!

My symbol vehicle is the AUDUSD, back test of 4 years.
Time frame is Daily (which I never trade)
I started 35 minutes ago and attached is the performance report for 2 strategies using the rising period system that I created.

So the Answer is yes you can trade the Rising period system mechanically and profitable.

Regards

Frank Birch
Attached file : 2022-03-26_10-08-36.png Rising Period system.png (117KB - 166 downloads)

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NormanH

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Subject : RE: Rising Period System
Posted : 3/28/2022 9:40 AM
Post #48595 - In reply to #48550

WOW. How about some rules for the systems for us to study. Thanks.
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Barry Cohen

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Subject : RE: Rising Period System
Posted : 3/29/2022 10:40 AM
Post #48598 - In reply to #48550

Open the OmniTrader Professional User Guide & the Rising Period system is on page 26.
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NormanH

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Subject : RE: Rising Period System
Posted : 3/29/2022 7:56 PM
Post #48599 - In reply to #48550

Thanks. I was able to find it.
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