Osprey Indicators in GPS

[James Oliver]

Hi guys,

This is just an interesting question regarding Osprey and GPS.  As an Osprey user who has now moved on from Market Master, I am very interested in finding out whether there is a way of duplicating the Osprey Breakout indicators & Trends in GPS.  With the new share analysis system, I would be very interested in starting some background research again on short term trading opportunities, but now have no access to the original Osprey indicators.

I realise that this would be a very intensive process (given that the trade database has also not been updated for a number of years), however, I would love to know whether there is any opportunity to review this trading tool for future use.

Regards
James.

[David Sayer]

Hi James,
We have the Osprey Indicators included on the development list, so yes they will eventually be put into GPS.

There are no plans to update the Osprey Trade database at this time. SPACFD has taken over most of this products realm and can provide similar returns with less risk.

Regards,
David

[John Kennedy]

Hi David

I don't think that SPACFD can be regarded as similar to Osprey.

Osprey was a short term trading sysystem that needed to be actively managed to make returns.

As you know from the research I did the failing of Osprey in my view was when the change was made to the original system.

As my research I believe showed Osprey 2nd incarnation became too random to be able to predict ahead.  It's failing, in my view and as I believe I showed, was that it got you in to too many trades after the short term explosion in value had occured and then left no opportunity to get out before the growth had been removed.  This meant that the few positive returns were overshadowed by the many negative returns.

Unfortunatley I had lost my 1st incarnation database and could not do the predictive research I was able to do on the 2nd approach, but from earlier research I had done I don't believe that was the case with thee 1st incarnation of Osprey.  It was I believe less random in its outcomes, it got you in earlier while there was still growth left, and it was with careful research of the appropriate trades and some active management able to use past performance to predict ahead.  I was able to make consistent short term profits from the first version and while I made them from the second version it was much more difficult and almost became a full time job and in the end I just had to gave it away as a profitable trading tool.

I just don't see how you can say SPACFD is the same or in any way similar to what Osprey was trying to achieve.

Osprey was not for those of faint heart or for those who had another full time job as you often had to take your profits early to remain ahead. which only came from experience and not from just following the SF exit rules they beacme the backstop but often not the primary exit.  In the good times led to reduced profits but saved the significant losses by hanging in for too long.

What I believe  we need is access to the charting of Osprey version one in GPS with the scope to do the research to find the appropriate stocks to follow.

John Kennedy

[Mike Emery]

Hi John,

Your posting was very well articulated and I fully agree with your results and opinion of V1 and V2 as well as GPS functionality.
I do hope that SWS revisit Osprey some time in the near future as SPACFD is in no way comparable to Osprey.
The lack of a short term system currently leaves a big hole in the great products offerred by SWS.

Mike Emery

[David Sayer]

Hi John and Mike,
I wasn't comparing the two products in regards to what price movement they were trying to capture or how they technically worked. Having traded and done extensive research similar to Johns, I would generally agree with the findings based on those premises.

Osprey was a full time job and could be related to an untamed beast; as I've posted about before. Eg, You could have a hundred trades in a month. The changing brokerage environment and intra-day fill price also played a huge part in determining the profitable of your portfolio over any extended period. A small amount of slippage between traders could skew their final results dramatically. This could mean that you needed to handle large drawdowns(risk) in order to achieve large returns.

Through all my research and development of SPA3CFD I found that the rewards were similar to Osprey with much less risk and much less work. A large part of this was the improved money management. Of course the SPA3CFD type trading is very different to Osprey and may not be attractive to everyone, nor is the Osprey style suitable for most retail traders.

Regards,
David

[Ralph]

Hi David,
I could never get Osprey to work that does not mean it does not obviously some people have had great success with it Spa cfd does have similar returns as those stated for osprey but as Spa is medium term and we don't have medium rerm trends at the moment its not working however Osprey being a short term system would that have been better through the current market?
Regards Ralph