Introduction to the wave theory analysis software Advanced GET and instructions for use of the Chinese version GET 8.0

Introduction to the wave theory analysis software Advanced GET and instructions for use of the Chinese version GET 8.0

Wave theory analysis Introduction to the software Advanced GET

Advanced GET software is produced by TTI Corporation of the United States

Advanced GET provides a most advanced technical analysis tool. Before long, you will find that Advanced

GET has become the most valuable tool in your trading strategy. Whether you are interested in Elliott Waves, Gann techniques, Fibonacci theory or the various specialized indicators and theories developed by Tom

Joseph and his trading techniques, you should be able to find something for you Something consistent with your trading style. Advanced GET is used by professional traders and institutions in 50 states in the United States and more than 50 countries around the world. The software has won the "Global Stocks and Futures Professional Information Magazine" for several consecutive years. The best stock and commodity futures trading system awarded by "Stock and Commodity Futures Technical Analysis" is due to the fact that the software is designed by professional traders who want to gain risk market wealth every moment. designed for those who use it.

Let’s introduce the main functions of the software one by one:

Elliott Wave Analysis

The work of counting waves of Elliott Wave is quite complicated, and it can be done due to fear. The role of greed psychology makes your judgment of the market more misleading. After preliminary analysis of Elliott Wave and more than 20 years of practice of Tom

Joseph’s personal fund, Tom Joseph launched Advanced GET Trading model, which uses the 35% clear trading rules of Elliott Wave

Further tracking analysis shows that this clear 35% trading rule has created nearly 80%

Profits, if you think this software only uses Elliott wave analysis, then you can see it with your own eyes. In fact, the software is far from that, Tom

Joseph and his three Professional traders, senior programmers, best customers and technical support staff all work hard to show you everything. You'll find that not only does the Elliott Wave trading strategy lead to successful trades

but it also includes a variety of standard indicators that you are familiar with, and all of the standard indicators can be adjusted and optimized.

Advanced GET function

Advanced GET can automatically provide the price target area that the future market may reach.

For experienced users, the intersecting participation function provided by Advanced GET allows the wave counting results to be displayed from one time frame to another time frame, for example: the weekly wave counting results are simultaneously on the daily line displayed in the chart.

Failure prediction of the fifth wave

The extremely excellent Wave 4 Profitability Index (PTI) answers the question of thousands of Elliott Wave practitioners: "A five-wave sequence Will the 5th wave create a new high or form a failure or double top structure?"

The Wave 4 Profitability Index (PTI) generates a PTI value based on the area comparison between waves 3 and 4.

History shows that if in a wave 4, the PTI value is greater than 35, the market will hit a new high in a five-wave sequence.

On the contrary, if in a wave 4, the PTI value is less than 35, the indicator indicates that due to too much profit pressure, the market will form a failure or double top structure in a five-wave sequence.

Time Frame

Advanced GET can generate Elliott wave results on daily, weekly and monthly charts in all common after-hours data formats, with cross-participation capabilities It is easy to display the long-term wave counting results on the shorter time period chart, and use the company's data format to generate hourly wave counting results. The hourly chart provides valuable identification of entry and exit points.

Programmed trading

The calculation mode of Advanced GET can set up a set of programmed trading methods. According to the data, there are the following two techniques:

Type #1 transaction Use to buy at the end of a wave 4 pullback.

Rules:

1. Wait for the Elliott Oscillator to return to the zero axis. Wave 4 corrections occur 94% of the time in history.

2. The Profitability Index (PTI) is greater than 35. A PTI value greater than 35 indicates that wave 5 is very likely to reach a new high.

3. When the price breaks through the channel, buy and the market will run a wave 5 rise.

Type #2 trade uses selling at the end of a five-wave upswing.

Rules:

1. When wave 5 reaches a new high, be sure that the Elliott Oscillator shows a divergence between wave 5 and wave 3. 94% of the time, this oscillator returns to zero during a wave 4 correction.

2. When the five waves are completed and the market direction changes, wait for the price to break through the channel downwards to sell. Or use DMA and parabolic steering trigger indicators.

3. The initial target is the previous wave 4 area.

Reach or Breakout (M O B)

Study using momentum, acceleration and other ratio models to determine a price hypothesis area.

1. The price will rise to the MOB target level.

2. About 70% of the time, price trades to the MOB price target and reverses.

3. In the remaining cases, the price will reach the MOB price target and reach the MOB price target with strong momentum support. Hence, it is called a reach or breakout (MOB) study. Price will either reverse or will move past the price target on increasing momentum.

The price target area is determined based on the momentum of the current swing and the momentum of the previous two swings.

Where to draw (start) the MOB calculation: Starting the MOB calculation from the front pivot point (primary or main) is the simplest method. In the example of the IBM weekly chart above, the MOB levels were initiated from a major pivot point. By selecting a pivot study, the software will calculate and display pivot points.

MOB can be generated at several levels. For example, after a wave 5 is completed, you can start MOB research from the fulcrum of the previous wave 3. Basically, any time you have a major or primary pivot point, MOB price levels can be found. Sometimes, even smaller or secondary pivot points can be used to find the target.

The MOB target area usually provides the termination point for a five-wave Elliott sequence: in this case, the previous pivot low is the wave 3 low. The MMOB target calculated from here will provide support for the final wave 5 (MOB target area). Also pay attention to how early or late this projection is given.

Other tools such as the return trend channel can provide a clear entry point in the direction of the trade

In addition, once wave 3 begins to form, You can use XTL Trend Catcher Professional to increase your position (buy).

MOB (reach or breakout) studies are a valuable tool that, when applied correctly, can enhance your trading. Sometimes the target position will be lost (broken through). In this case, the market breaks through the MOB target level with the help of increasing power

. There are often wave 3 type fluctuations here. At this time, if you know the Elliott wave counting method, you can avoid some of these situations.

By adding new time stamps to the MOB research, we can see that MOB has two important time stamps. The software calculates two projected time periods where the price is likely to approach and reach the MOB level.

TJ's Ellipse

How far can the price move back before the initial trend can continue? This is a question that all traders have asked at one time or another. Fibonacci retracement studies provide some help in this regard. However, they only provide for example a 25% retracement level or a 50% retracement level. If a level is not held, traders look for the next Fibonacci level and so on. If time and price levels hold, the initial move will continue its initial trend. Time and price levels are represented by ovals on the chart. Therefore it is called TJ's ellipse.

How is TJ's ellipse calculated?

User identifies fluctuations (high or low). This can be used to determine how much room there is in price and how strong the market is now. Using these values, Advanced

GET will calculate a projected path for the ellipse to intercept the price. In practical terms, TJ's ellipse will continue to move toward price. When price touches (or coincides with) the ellipse, the ellipse stops moving and provides a fixed time and price level. At this time it is important that the ellipse holds the price. If maintained, the initial fluctuations can continue.

XTL Professional Trend Catcher

XTL is a trading technique used to confirm wave 3 fluctuations once the fluctuations mature. The XTL technique works by producing an exponentially matching curve during major wave 3 movements. However, in some cases, this confirmation comes too late for investors to reap the full benefits of the Wave 3 move, especially for early entry.

When using XTL with Profitable Index Research, Wave 4 Channel, Trend Channel and other research, an effective mechanical trading strategy can be provided to Advanced GET users. This effective mechanical trading strategy focuses on:

1. The portion of the trade from Wave 4 to Wave 5 in a Type 1 trade.

2. Trade at the end of wave 5 in a Type 2 trade.

When a downward diagonal or downward trend is found, the bar will be displayed in red. When an upward diagonal or upward trend is found, the bar will be displayed in blue. If the trend is neither up nor down, the bar will be displayed in black.

XTL Setup:

The Trend Catcher study requires only one user setup (input). This is the amount of data used to test for randomness. The default setting is (35) and is highly recommended. Using the (35) setting reduces false breakout signals, however, using the (21) setting allows XTL to identify major trends at a very early stage.

Other functions of the program

Search

Advanced

GET has a powerful retrieval function that can be used according to the special settings set by the trader. Parameters filter out stocks with trading opportunities. This dynamic search function is only applicable to the after-hours version. The search function can search from the set investment portfolio

for example, in wave 3, wave 4, and wave 5. And for stocks whose RSI is lower than 20 and whose price is above the 10-day moving average, the powerful search function can save you time and improve efficiency,

so that you can spend your energy on analysis and research. superior.

Stocks

Although most wave theory followers only use Elliott Wave analysis for periods and indices, Elliott Wave and other analysis methods in Advanced GET It is also quite effective in individual stocks.

Advanced GET's search function can easily find and list all stocks in the 3rd, 4th or 5th wave. It can search 5000 stocks and type out one in 5 minutes on a fast PC. This report makes it easy to review just a large number of stocks.

Advanced GET also allows you to create and graph the overall performance of a stock portfolio, where Elliott Wave analysis and other analytical tools are used.

Basics

Advanced GET can create complex basis patterns using two or three markets. You can add, subtract, or divide any number of contracts, and Advanced GET remembers the basis patterns you create so you only have to create them once.

Once you create a basis pattern, Advanced GET treats it like other market data. This means you can use Elliott Wave analysis on your charts or other tools, indicators and research methods provided by Advanced

GET. Through its vast database, Advanced GET can even display the historical shape of basis patterns you create going back to 1980.

Gann Box

The disadvantage of most programs is the lack of sufficient time for analysis, and software has used strategies such as time analysis and Gann box analysis to meet this need. The term Gann scares away many traders simply because of its complexity and lack of clear guidance on how to use it. Advanced GET allows you to trade in a variety of ways. Draw a Gann box under the composition. The main criterion for discovery is that the box rise/run ratio should be 1 or a multiple of 1, e.g., 10, 20, etc.; Gann boxes are drawn from the main pivot low and pivot high. The price amount drawn from the fulcrum is called "Rise", and the horizontal bar number drawn from the fulcrum is called "RUN". Research on all markets and all time frames shows that if you use the following ratios (in order of importance) 1, 2, 5, 10, 20, 40 and 2.5 (as a last resort ) and draw Gann boxes from major pivot highs and pivot lows, creating angles that will provide support and resistance levels for the market as it moves forward into the future. In addition to ratios, this technique also requires that you use a fixed time interval, i.e. 45, 90, 180, 360, etc.;

Pre-fixed Gann boxes can be used with Elliott Wave analysis. The perspective of the Gann Box provides the price and timing of market support and resistance areas, and much more.

Regression Channel

This is a simple but very effective study. The idea is to use the standard deviation of prices to draw an upward and downward channel. This is somewhat similar to the Bollinger Bands drawn using the standard deviation of the moving average. However, instead of

using a moving average, we simply use a linear regression line that you identified as a fluctuation. It also allows the user to set multiples of the standard deviation for the upper and lower channels.

In addition, Pearson's r is also included in the software to show how well the linear regression line fits its data.

The basic functions of the return trend channel are:

A) Seize the end of wave 2 and trade in the wave 3 stage.

B) Protect profits within wave 3.

C) Enter at the end of wave 4 for wave 5 of a five-wave sequence.

D) Protect profits inside wave 5 and enter a trade in the opposite direction at the end of wave 5.

Other Research and Indicators

Advanced GET includes all the indicators you want:

Automatic Trend Channels, Base Point Reversals, Optimized Parabolic Stop Reversals, High and Low Pivot Points, Andrew's Tuning Fork, Fibonacci Tools, Gann Analysis, Price Bundles and Time Bundles, TJ's Network

, Elliott Triggers, Elliott Oscillators, Optimized Trading Channels, Searcher, False black stick stochastic indicator, Elliott wave analysis, basis analysis, TJ network, trend line

, Elliott wave number selection method, professional trend catcher ADX-DMI, moving average, Bollinger Channel, CCI, MACD, OBV, open interest, RSI

, trading volume...

Analysis indicator description:

ADX - DMI (Average Directional indeX - Directional Movement Index)

ADX - DMI is actually three separate indicators:

ADX represents the trend of the market. It is typically used as an exit signal.

+DMI measures the strength of upward pressure

-DMI measures the strength of downward pressure

These indicators depend on a market moving outside of the previous day's price range How far.

Recommended trial method:

When the ADX line reaches or exceeds the value of 40, and then changes direction downward, this is a generally accepted profit closing signal . This signal does not mean that the market will trend in the opposite direction. This signal

suggests that the current strong trend is over and you should consider taking profits. ADX can be applied to all time periods, but this indicator is most effective on weekly and monthly charts, and in strongly trending markets.

If +DMI