I have been trying to develop and Algo system to work alongside Elliot Wave to help remove macro bias from my EW counts. I am introducing a new system, called Morpheus. Although the details are confidential I can say that it is based on an adaptive CCI algorithm and it tries to indicate when it sees shifts in investment direction.
What is Morpheus
Morpheus is a black box Algo trading system that signals trend changes in the market. Currently it indicates when it believes that the market is showing bullish or bearish tendencies. We hope to enhance Morpheus to have 3 states: Long, Flat or Short. At this time it is only Long or short.
What is an Algo Trading system
In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on aspects of the order such as the timing, price, or quantity of the order, or in many cases initiating the order without human intervention.
Algorithmic trading may be used in any investment strategy, including market making, inter-market spreading, arbitrage, or pure speculation (including trend following). The investment decision and implementation may be augmented at any stage with algorithmic support or may operate completely automatically (“on auto-pilot”).
Now what?
Our site now has a new menu item called Morhpeus, use this to get upto date details, or click here.
