Package: The Darvas Method (Classic)
This
is the technique described by Nicolas Darvas in his
famous book 'How I Made $2,000,000 in the Stock
Market' - and what a technique it is!
In
his book, Darvas tells the exciting and enlightening
story of how he confronted and conquered the key
problems of trading: when to buy, how to hold a
position through a long money-making trend, when to
get out.
Darvas' methodology is both powerful and enduring -
and this package will let you prove it to yourself.
What It Is
As
complete and accurate implementation of the original Darvas
method as I (Progster) am able to produce. I wrote this
code from scratch, after reading Darvas' book in its
entirety. I referred to the book continuously
to create the indicators and strategy to correspond
with Darvas' original descriptions of his method and
his clarifying answers to public questions.
After I had done my utmost to duplicate
his method, and set up all defaults to match it,
then I thought through a bit more about how the
method could possibly be augmented and added some
(entirely optional) "extra sauce" of my own.
What You Get
 | A
flexible and accurate Darvas Box indicator, for
charting the Darvas boxes. |
| A
Darvas Channel indicator, specially designed for
RadarScreen use. |
| A
complete Darvas strategy that will backtest,
report, and trade upon any symbol or any timeframe
according to the Darvas principles. * |
| A
set of TradeStation workspaces to help you "load
and go" |
| A
RadarScreen template file |
The
Darvas Package is delivered as
full
source code, so you can see exactly how
it is done and customize it for yourself in the
future if you should ever feel the desire to do so.
The
Darvas Package works with both stocks and
futures, on weekly, daily and intraday
charts, with TradeStation® 8.
* The Darvas Strategy produces comprehensive
report output (ready to load in Excel), including
performance data and strategy input settings for
each symbol upon which you run the strategy.
The Darvas Strategy is also designed for and ready
to interact with the Macro Express symbol list driver
macro, allowing
you to run the strategy across any list of symbols
to generate comprehensive multi-market test results.
And, of
course, you get
Customer Support as needed to get it all
running.
What It Looks Like
Here's a picture showing weekly Darvas Boxes charted
for BSC:
Here's a picture showing the Darvas RadarScreen.
The RadarScreen shows the top and bottom prices of
the last box, the latest close, and where that close
lies as a percentage distance from the bottom to the
top of the last box. The color coding
makes it a snap to sort and isolate stocks in full
breakout mode (green LBPct) , stocks poised in their
highest box (white LBPct), and stocks of no current
interest (gray LBPct). The RadarScreen
also shows the current bar's volume as a percentage
of the recent average, and the strategy will allow
you to consider volume or not at a required
percentage of your choosing.
Innovations
In
addition to a faithful implementation of the Darvas
method, this strategy offers flexibility and
innovation:
|
Choose to enter above or below the box-top
breakout level by a variable percentage of the box
height |
|
Add-on size (or not) to an open trade as unbroken
boxes progress upwards |
|
Variable lot size, and max lots allowed |
|
Time of Day filters and Daily profit/loss targets
for intraday use (for those who insist on doing
Darvas intraday!) |
|
Variable base pivot strength (default of 3,
per Darvas) |
|
An optional custom internal stop-loss based upon a
percentage of the strategy's winnings to date,
along with a kick-in floor (great for preserving
the gains of pyramiding) |
|
Test serial number stamping of report output |
What It Costs
$250
for a painstaking implementation of the technicals
that helped Darvas make millions.
How You Get It
This package will be emailed
to you after your PayPal payment is processed.
Please be aware of the
caveats
before you order.
| 
