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Hi Guys!
I wonder whether anybody got in touch with Jim Sloman’s Ocean Theory. You’ll find a pdf here.
In the pdf, there is no copyright notice, so I’m not sure about its status. Jim passed away a few years ago, and his original website etc. are gone. His latest trading software suite (5000 USD) is not available anymore.
There’s a youtube channel featuring some of his ideas, including some non-trading stuff.
What do you think about it?
s.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Thank you very much, I will study and post about Jim’s theories.
Hippie Samurai
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Never heard about it. But I’ve put it on my to do list …
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Thank you for creating this thread simplex. This is very interesting … still need time to understand the whole … not simple, but very good idea for the future work
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Meanwhile I think that the paper I mentioned in my 1st post only scratches the surface, being more or less a whitepaper to promote Jim’s more sophisticated tools he marketed later. Nevertheless I consider it useful because it describes a general look at the market, at volatility and timeframes as a whole.
His thoughts are not completely new, mathematical analogies to other phenomena like e.g. Brownian motion have also been described elsewhere. Only Jim built a system of basic indicators based on those observations, which he describes in detail in the paper.
His more sophisticated tools remain undisclosed, though. But that is not necessarily an issue.
Jim built his trading tools 10 to 20 years ago, and mainly for the stocks and commodities markets on higher timeframes. This is quite different to the Forex market as we can observe it today. That’s why I believe his later and more sophisticated tools are not particularly useful per se when ‘thrown’ on today’s Forex intraday charts. It appears to me that it makes more sense to incorporate his basic and rather simple mathematical thoughts, as outlined in the paper, in a new set of trading tools, applicable to the market as it is today.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Well, I read through the paper you linked to and I also watched some of the videos. I don’t really see something promising yet. I mean there are some interesting ideas like the prize-time relation but it’s hard to grasp it fully. Have you found some other papers on that topic (info seem to be rarely distributed among the net).
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Yep, my first impression was very similar, several weeks ago.
Let me cite from Chapter 8, ‘The Zen Moment’:
This is why, in my opinion, it is advantageous to develop at least partially your own approach to markets. The Advanced Ocean Software that is part of the Ocean Master program is designed to give you a set of tools with which to develop your own market innovations, should you wish to go in that direction.
I now see the simple math described in the paper as basic parts of a toolbox to develop something new. At the moment, I’m focusing on ‘Natural ADX’ (NDX), Natural MA, Natural Market Slope NMS, and Natural Stochastics NST. Work in progress …
In my opinion, NDX outperforms classic ADX by far!
For an overview of the trading approach behind Ocean, you’ll find some seminar videos dated 2005 over here:
https://ulozto.net/!dczHLNyn/ocean-theory-dvd1-avi
Often a bit boring and lengthy, fast forward is a helpful button. See ‘related files’ for the rest of this collection, and see top bar to switch to English GUI if necessary.
That so-called ‘Bonus DVD’ offers an interesting detail: about 10 minutes or so from the beginning Jim Sloman more or less predicts the 2008 worldwide financial crisis – in 2005. He missed the exact date, and he did not predict all the criminal details that triggered the crisis, but stated that in his opinion it had to happen.
By the way: if somebody finds a working download link for DVD #2 of the series, please share it!
s.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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You can find some of the Ocean Indicators reprogrammed in MT4 in that thread:
http://indo-investasi.com/showthread.php/17702-Ocean-Theory-indis-from-TSD-elite
Also, there’s a former forex-tsd thread which has now been moved to mql5.com. This one was coded my mladen. Very special coding style, as usual!
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Thanks for your efforts. Let’s see tomorrow how much info I’ll gain from the videos … Especially the mentioning of earth, moon and sun in one of the first chapters of the pdf to which you referred yesterday reminded me on some esoteric Gann stuff. However, the simple math got my attention.
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Yep, just skip the esoterics! Later on in Ch. 12 some analogies between physical and trading aspects, which I usually look at a bit skeptically, are becoming interesting from a very remote point of view.
What instantly intrigued me was Jim’s imperative attempt to remove as much arbitrariness as possible from any indicator calculation. Ever pondered which lookback length to choose for an ADX, an MA, a Stoch? No more with Ocean methodology! Let the indicators adapt to current market conditions, without injecting an arbitrarily chosen volatility measurement! This is the basic idea behind Ocean Theory.
I’m sure all of this has to be assembled to something new to become useful in current markets, yet I’m sure it’s possible.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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I assume you are going to incorporate it into your CIX indicator?!
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I’m thinking about it. Most obvious way to do so may be to take the most simplistic and pure form of CIX calculation, and as a final step apply Jim Sloman’s Natural MA or Fast Natural MA to the strength lines. But that’s not top priority.
At the moment I’m working on the idea of a single-pair entry (and maybe exit) timing tool based on Ocean. Seems feasible to me.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Regarding the Natural MA … Maybe I’ve missed that part, but I haven’t seen (from the 1st video which I just finished) how it is calculated. The fast MA is the NMA with a lookback period of argmax i (NMM), right?!
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Maybe the Natural MA was covered in Video #2 of the seminar series – the missing one.
There are functional MQL prototypes you can analyze in the links I provided above.
I do not understand the term ‘argmax i (NMM)’. Basically, the fast NMA is an NMA that dynamically truncates its own weighted lookback interval, thus acting faster than Standard NMA in volatile markets, while being nearly as stable as the original in quiet markets.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Excuse my mathematical gibberish. I meant that we determine the lookback number for the fast NMA by looking at the NMM (Ocean index). For the last 40 values of NMM we look for the one which absolute value is maximal and use the index of that NMM value as lookback period.
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@Anti: sorry for my delayed reply!
I had a quick look now at my code: Fast_NMA(n) is an NMA(n) with an actual lookback period truncated to the bar index of the maximum value of NMM (Natural Market Mirror) of the outer lookback period n.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Think we need a like button
I’ll continue to go through the videos on the weekend, when I’ll have some free time. But please feel free to inform us about your progress …This reply has been reported for inappropriate content.
Use the magnet link below or the attached torrent to access all the DVDs including DVD #2.
magnet:?xt=urn:btih:epfjwwm525py5tih3s3btigwvuw5igwb&tr=udp%3A%2F%2Ftracker.opentrackr.org%3A1337%2Fannounce
Trading articles: https://hive.blog/@cryptofx
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Hi,
I have the original DVDs that you are looking for because I am also a registered owner of the software. I will see if I can copy it.
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Hi,
I have the original DVDs that you are looking for because I am also a registered owner of the software. I will see if I can copy it.
Hi Fat Tony!That’s really interesting! Since you’re a registered Ocean Software owner, could you spread some of your experiences using it in practical trading?A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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In the process of moving, I was going through some of my trading materials and found a complete 11 disk set of Ocean Theory software with the manual and Tradestation codes disk included. I would be willing to part with it for $95 with free shipping included. And yes it did sell for $5000 when it came out.
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Here is a link to the NMA pdf file…
https://forex-station.com/app.php/attach/file/3233072
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