Neowave Elliott Wave

Hi,

I'm embarking on an attempt to program most of the neowave rules into a piece of software to do most of the heavy lifting.

Before I do, I was wondering if any experienced Neowave analysts have found that neowave has been a better approach to elliott wave than say a more generalized approach of simply "eyeballing" waves and labeling them this way as opposed to applying a strict set of rules.

Thanks
Joe

Well the programming has been completed. So that address chapter 3 of MEW. Now it's a matter of seeing how it holds up realtime.

+Awesome undertaking.

NEoWave and Elliott wave are absolutely different. NEoWave based on logic, Elliott wave is based on humans representation of geometry patterns.

The questions is always - what you want to get?

If you're interested just in forecasting software then you probably don't understand all complexity of the
NEoWave forecasting. There were many persons who tried to create this software. And many of them were very good programmers. But we have no NEoWave forecasting software yet. Neely answered, that human brain can do more, than any software. In some often cases only way to create a wave pattern with software is a bruteforce. But bruteforce isn't logic method, isn't it? And finally - you really think that you will earn money with NEoWave forecasting software? Even Glenn in his trading service (based on human brain) often get loss

If you're interested in Mono Waves indicator - so they are yet implemented. Software creates mono waves for you, using all NEoWave rules (like neutrality etc...) But all other forecasting things also depends on your brain.

If you're interested in money, then it's another story...

Finally, if you're interested in EA which will trade using formal logic patterns based on Elliott and Fibo, you better look here

http://www.fx360.com/techAnalysis/ch...d-pattern.aspx

This patterns are easy to understand and to implement, because all logic is formalized.

Enjoy

Hi ph3onix, thanks for the feedback.


That was my first concern with embarking on neowave, but few people have really seemed to have any experience with it. I mean if the guy who created Neowave is often incurring losses, it may not be worthwhile in the first place.


Actually I was not trying to program a software to do all the analysis, I was simply programming chapter 3 to do all the logic work based on the rules - which about 90% of them were straight mathematical comparisons. And the remaining 10% needed human overview.

So by no means a fully automated approach, simply a tool to do the heavy lifting of the stuff in chap 3 to get the potential labels to work with.


How does that story go?

I mean ultimately I would think anyone looking to learn EW or go through Neowave would be for the purpose of making money. Forecasting for the fun of it - well isn't profitable.

So how does making $ fit into the whole neowave / EW equation?


Thanks for the link, I appreciate it. Do you find these are useable patterns that work in realtime? More workable than Neowave?

Thanks
Joe