Nicolas Darvas

[chan9]

Hai!

I just read a book title ' How I made $2,000,000 in the stock market' in chineses version, i feel this book very good for me, the experiences of the authur is very same to me, only one thing not same there is he's a millionaires and i still broke? what wrong with me?? SO i need to learns more about he's mindset, trading system and a lot more.... anyone who read he's book & can shares the ideas for me? you're most welcome!!!


Rgds

Chan

[yeemr112]

What's the book name and where to get it ?
Pls advise.

[bizfun]

I had read this book in Chinese last few years, but still not able to clearly define his Darvas box formula. It look very subjective. Below URL for reference and further study:-

http://darvas-investing.chambers-media.com/Darvas-Trading-System.html

http://www.nirv.com/omnitrader/Plugins/darvas.htm

If you can define the formula, kindly advise and maybe I can go through some backtesting to evaluate his trading result.

[chan9]

What's the book name and where to get it ?
Pls advise.

This book was out of stock in english version, it only can find in chineses version in KL 'yu yi' book store. This book according to it's said did help many peoples to becomes richs by using he's system, the beauthful thing is this book from 19 centory to recently also demanded by the readers, the latest published in chinese version also not changed to it content even though today's market is changes. Hope u can find in english version too.... here the name of Nicolas Darvas's book "HOW I MAKE $2,000,000 IN STOCK MARKET" and share some idea after read this book!!! Happy reading!

[chan9]

I had read this book in Chinese last few years, but still not able to clearly define his Darvas box formula. It look very subjective. Below URL for reference and further study:-

http://darvas-investing.chambers-media.com/Darvas-Trading-System.html

http://www.nirv.com/omnitrader/Plugins/darvas.htm

If you can define the formula, kindly advise and maybe I can go through some backtesting to evaluate his trading result.

Dear Bizfun,

Thanks for your reference! i may set my target to explore & filter out the potential stocks but use my own brains it's seem very difficults to achieve, so i need help from others whoes also have the same interest with me, whehter on exploration or indicator formula. Before go further i need to select some critirias from the Darvas's system principals....

GOLDEN RULES (from Bizfun given reference; and my very tiny ideas):-
1. At or near their all-time high  {using 52 week high/low to explore it}                                                                
2. Bounding up and down in their Darvas's Boxes. {using culmulative no of days candlestick formula to explore it}
3. Had price patterns of boxes stacked on-top of each other like a pyramid. {don't no what it's said}
4. Showing an increase in volumn with advancing prices. {using price & volumn breakout in metastock's exploration with  some alteration. eg. price up by 3% and volumn up by 50%}
5. Prices greater than $10/- {can i change it to RM5/=?, using filter in metastock's to filter out}

still got any rules??? if anybody got any solution is welcome to gives an advises or comments, more people joining in will make this 'try system' more successful and sparking..............

[chan9]

Dear  Bizfun,

I found one Darvas's Box formula in http://forum.equis.com/ezformulae.php
is that the one you mention for 'can not defined the formula' pls read this formula again and share some ideas...........
TQ!


Rdgs

Chan

[chan9]

Dear Lim,

I had completed the similar to Nicolas Darvas system, posted here for your evaluation and backtesting. Wait for your reply eventhought not as your standard Thank you!

ColA 52weeks High
Ref(hhv(h,250),-1)

ColB 52 weeks Low
Ref(llv(l,250),-1)

ColC RSI14
RSI(C,14)

ColD SMA20
mov(c,20,s)

ColE Close
close

ColF Volume
volume

Filter:

colC>=68 and ColF>(mov(C,10,S)*1.0) and ColE>=colA

[bizfun]

Ok, I will arrange time to test it. Thanks for the write up!

[Maxforce]

chan9,
Congrats on the writeup.
I ll check on it too, if you dont mind.

Note about Darvas.
His method works well if there is a bull run.
The Darvas Box is similar to the Rectangle pattern.
His stop loss and other trading style can be compared to Jesse Livermore's.
His trading capital was made during the bullrun using his Darvas Box.
His USD2m was made mainly due to fundamental investing of value buys.

[chan9]

Dear Mr Lim & Maxforce,

Thanks for your supports and valuable advises. Of course, I welcome any comments on backtesting and this will make this system more unique & sparking, if you don't mind my lauzi TA making u headache. Yes, Maxforce have highlighted so many important points and this must be noted as a golden rules to the system, especially when explored in 27/2/07, you sure on trap when 28/2/07 market had been a sharp droped.

i facing a few unsolved things during my writeup, i posted here for your kinds solutions & comments:

1. My intention is to explore the volume over its each counters share cap. but this   
   seem to be limitation of the metastock exploration. Any comments?
2. My writeup is only a preliminary of tracking the counters and you must filter out by own wisdom bcau still have many trap waiting you. So far my tiny experiences to filter out the trap is based on volumes, good fundamental counter, good adopted news, a bull run conditions (althought some will say if bear run markets all those criteria is match is better)
3. I still can't writeup the Darvas Box, stop loss to explore out the counters, anyone needs a try? expecially Mr Lim and Maxforce? i know u can bcau of ur good TA and experiences. 

Happy reading & success in trading!

Regards,

[Maxforce]

Metastock skills, erm... I am lousy with it.
I hereby invite and plead to Mr Csong to look at it.

IMO, at current market condition, we can do backtest, cannot do forward test

[csong]

What's the book name and where to get it ?
Pls advise.

This book was out of stock in english version, it only can find in chineses version in KL 'yu yi' book store. This book according to it's said did help many peoples to becomes richs by using he's system, the beauthful thing is this book from 19 centory to recently also demanded by the readers, the latest published in chinese version also not changed to it content even though today's market is changes. Hope u can find in english version too.... here the name of Nicolas Darvas's book "HOW I MAKE $2,000,000 IN STOCK MARKET" and share some idea after read this book!!! Happy reading!

I have the ebook (pdf) English version. Interested?

[csong]

Metastock skills, erm... I am lousy with it.
I hereby invite and plead to Mr Csong to look at it.

IMO, at current market condition, we can do backtest, cannot do forward test

Maxforce,

Hmmm, thought you should be in Genting & then to Bentong. How was your meeting with Ben Gan?

FYI I am no sifu in MetaStock though I did some coding with its programming language. Most of the time I tend to tweak with those canned indicators to see how they react with the market.

I am not familiar with Darvas Box system but I think it looked quite similar to "float analysis". Anyway I will try to convert chan9's exploration codes into an Expert Advisor for a visual interpretation - gimme some time, though 

[bizfun]

Dear Lim,

I had completed the similar to Nicolas Darvas system, posted here for your evaluation and backtesting. Wait for your reply eventhought not as your standard Thank you!

ColA 52weeks High
Ref(hhv(h,250),-1)

ColB 52 weeks Low
Ref(llv(l,250),-1)

ColC RSI14
RSI(C,14)

ColD SMA20
mov(c,20,s)

ColE Close
close

ColF Volume
volume

Filter:

colC>=68 and ColF>(mov(C,10,S)*1.0) and ColE>=colA

Some error with this formula coding, my finding as below:-

- RSI(C,14) must code as RSI(14).
- The 1.0 can be deleted from (mov(C,10,S)*1.0), just mov(C,10,S).
- ColF is volume and is meaningless to measure against Mov(C,10,S) which is closing price.

[csong]

Some error with this formula coding, my finding as below:-

- RSI(C,14) must code as RSI(14).
- The 1.0 can be deleted from (mov(C,10,S)*1.0), just mov(C,10,S).
- ColF is volume and is meaningless to measure against Mov(C,10,S) which is closing price.

Sharp eye, Mr. Lim. I think you should claim the "Sifu of MetaStock Coding" title