I di use Wave59 when I first started trading futures, trying to know what the market as going to do using planetary cycles etc... Sometimes it worked ans sometimes it didn't...
Pete
The following 2 users say Thank You to superpete for this post:
had the wave for one month, which was enough, no good for intraday trading, what it teaches, is that the solar system has order, planet earth as run by humans is complete disorder, hence no good for the market
someone posted asking about wave59 today.... I have it, but no longer use it.... it can have benefits in abcd formations and others but I use Ninja/Sierra for those. Once you understand market structure, square of 9,fib vortex and others make sense so Wave 59 isnt need. i prefer pa over everything
hope this helps
The following 4 users say Thank You to Rad4633 for this post:
I've heard conflicting information about Wave59. Some say its the best platform to use for Gann analysis and forecasting, but other say that it has trouble handling data from some data feeds. Does anyone else have experience with it that you can share? $7,500 is a lot to invest in a trading platform, so I'd like to hear others experience with it.
I was a multi-year using of wave59. I used it for one item in particular. Chart scaling and the ability to apply geometric shapes to a properly scaled chart.
I'm trying to avoid multiple platforms this time around, focusing exclusively on Ninjatrader and FibonacciTrader (maybe Amibroker due to its speed).
Looks like it got cheaper, 99 a month might be worth a look but i still dont get it.... if they apply different weights to coefficients to find the best fit how is it able to adjust?
It has been a while since I remember the research on the product, but I believe they used a Genetic Algorithm. This type of algo does not have fixed coefficients but are update with each new incoming data point. So more of an online learning. This means it takes a while to stabilize and makes a few assumptions about future data. I think i.i.d. is one assumption, and the next data point is similar to the current point.
Generally, good assumptions, but not sure how well they hold with non-linear and non-stationary data. I am sure there are times when it will work well (well behaved trend or horizontal movement) but think it would not do as well with high volatility.
You can subscribe to Wave59 for $99; I plan to do that later in August or early September.
Right now I’m reading “Trading with Wave59 Volume 1: Technical’s”, I also bought “The Definitive Guide to Forecasting” and “Gann’s Scientific Methods Unveiled: Volume 1 and Volume 2” by Patrick Mikula Kindle Edition from Amazon.
