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Wave59 Presentation Part 1

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Uploaded by on Dec 9, 2010

About the Seminar

Earik Bean discusses the pros and cons of using technical indicators for trading and demonstrates a number of ways they have found to improve upon some of the tools in the public domain. He demonstrates how a trader using improved indicators will get their signals literally days ahead of traders using standard versions of momentum, moving averages, and ADX, which can often be the difference between a winning trade and a losing one.

Earik covers 4-5 of the more useful technical indicators in Wave59 and shows how to combine them into a complete method to locate high probability turning points, and goes over a lot of examples in recent markets to make everything very clear. He also discusses Hive Technology, which is a breakthrough they've made in Artificial Intelligence that results in a nearly automatic way to create robust trading systems. This is the same technology that powers the mechanical systems he uses to manage a private fund, and he also presents a Hive to the attendees that trades the mini Dow, including the QScript code necessary to replicate it.

About Wave59

Designed For Traders, By Traders™, Wave59's range of innovative products, resources and educational materials are second-to-none in helping serious traders realize consistent success in the markets.

Wave59's mission is centered on three guiding principles:

1. Develop the most Advanced Trading Platform on the market, giving traders the tools & techniques to elevate their performance and profits to the next level.

2. Provide world-class education and support.

3. Create a community in which traders can interact, learn and support each other.

Founded in 1997 by Earik Beann, a former CTA, Wave59 Technologies Inc. is based in Boulder, Colorado USA and is the developer of the Wave59 EOD, PRO and PRIVATE Advanced Trading Platforms.

About Earik Bean

"I needed a robust platform that would allow me to implement geometric time & price patterns, predictive price forecasts and advanced technical analysis beyond conventional oscillators and rule based systems... I couldn't find it, so I built it."

Earik Beann got started trading options in high school, opening a joint account with a relative at age 16. With an early taste of success, he instantly discovered the excitement of trading on his own. For the next several years and throughout college, he learned everything he could about trading and started developing his own systems - all the while driving growth on that first account.

After college, Beann moved to Chicago where he worked at the Chicago Board of Trade. Managing three mechanical trading systems and conducting late-night strategy sessions with his fellow traders was the perfect environment for him to develop his first trading tools. Moving on to trading the S&P for himself, Beann continued to refine the early technology he had developed while at the Board of Trade. Finding nothing on the market that could do the high-level analyses and specialized charting he needed, Beann realized he had to create it and subsequently immersed himself in computer science and programming.

Initially not interested in the software business, Beann only released the tools, now collectively known as Wave59, to friends and trading buddies. As those first users mentioned the power and performance they were experiencing with Wave59 in forums and private conversations, their peers became increasingly curious and Beann was flooded with requests. As word spread to a larger circle of professional traders, Wave59 evolved into a full-blown Advanced Trading Platform available to serious traders at any level.

It's been 10 years since Wave59 was launched, and Beann is still the primary developer creating the tools today. Beann also manages several private funds, and has authored four books and numerous articles.

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  • good luck

    

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