Letters to S&C | SEP 2011
Letters to S&C
Editor, The color-based system presented by Edgar Kraut in his July 2011 article (“A Color-Based System For Short-Term Trading”) looked promising and simple. However, using the Excel spreadsheet example given in your Traders’ Tips section in that same issue, I recoded it into Mechanica Professional, but I did not get anything close to the performance shown in the article. I’m fairly sure I coded it correctly because I get the same color bars as those shown in Figure 6 in the article and the same number (98) of bars (45 green bars and 53 blue bars) in the first trading period (4/17/2002 to 4/17/2003) shown in the article’s Figure 8. So it seems that there must be something wrong with my trailing 1% exit.
by Technical Analysis, Inc.
Technical Analysis of STOCKS & COMMODITIES
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