Advanced GET

A Brief description of some of the trading systems

incorporated into Advanced GET.

We estimate there are over 150 different technical analysis

and trading system software packages available. We were
selected #1 over all these packages in the world by the
Stocks and Commodities Readers Choice Awards for the
BEST TRADING SYSTEM for both stocks and futures.

Not just for one year.

But for five years in a row.
689 W. Turkeyfoot Lake Road, Akron, Ohio 44319
Tel (330) 645-0077 Fax (330) 645-1230

Table Of Contents
Entry Method ....................................................................... Page 5
MOB Support/Resistance Levels......................................... Page 6
Elliott Wave Counts ............................................................ Page 10
Elliott Mechanical Type One Trade .................................... Page 12
Elliott Mechanical Type Two Trade ................................... Page 13
Example Of Mechanical Trades On Hourly Data ............... Page 14
Example Of Mechanical Trades On 5 Minute Data ............ Page 15
Short Selling ........................................................................ Page 16
False Bar Stochastics Trade................................................. Page 17
False Bar Stochastics Trade Intraday .................................. Page 18

Disclosure
The hypothetical computer simulated performance results provided are believed to be
accurately presented. However, it is not guaranteed as to accuracy or completeness and
is subject to change without any notice.
Hypothetical or simulated performance results have certain inherent limitations. Unlike
an actual performance record, simulated results do not represent actual trading. Since,
also, the trades have not actually been executed, the results may have been under or
over compensated for the impact, if any, of certain market factors such as liquidity.
Simulated trading programs and systems in general are also subject to the fact that they
are designed with the benefit of hindsight. No representation is being made that any
account will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.
Only risk capital should be used to trade futures, stocks, or options on futures or stocks,
or mutual funds, or any other financial instruments, whether in conjunction with this
product or otherwise. All investments and trade carry great and dangerous risks, and all
trading decisions are ultimately made by you, and you are solely and individually responsible for the decisions and the results of those decisions.
2

Entry Method
Advanced GET offers several entry methods. The most popular method uses Regression Trend Channels. The software calculates and displays a two standard deviation
Trend Channel. The entry is taken on the break above the Trend Channel. An example
is shown below:

Schlumberger
Daily Stock

The cross of the Trend Channels

provide the final signal to enter.

Regression
Trend Channels

BUY
MOB SUPPORT

Elliott Oscillator Divergence

The change in Trend is confirmed when the price crosses through the Trend Channels.
This provides a mechanical entry technique without second guessing. In addition, it
also provides a low, where stops can be placed.
As a trader, you will combine the Trend Channel entry with other techniques such
as the MOB levels or Elliott Wave reversals. This type of set up will provide better
opportunities for a sustained change in Trend. We will now further discuss the
various techniques offered in the Advanced GET software.

MOB Support/Resistance Levels

The MOB (Make Or Break) study is a proprietary technique we introduced in 1997. It
still continues to be one of the most popular studies used by our customers all over the
world. The software takes into account the momentum in swings X, Y and Z (as shown
below) and calculates a MOB level where the prices should test and reverse.

July Crude Oil

Daily

The cross of the Trend Channels

provide the final signal to enter.

Swing
X
Swing
Y

Swing
Z

MOB SUPPORT

BUY
Regression Trend
Channels

The change in Trend is confirmed when the price crosses through the Trend Channels
after testing the MOB. A stop is placed under the MOB level.
The MOB level is generated at the beginning of Swing Z. This gives you advanced
notice of price support at that level. When MOB lows coincide with the completion
of an Elliott Wave sequence (5 waves as in the above example), the following rally
will be very strong.

MOB Support/Resistance Levels

work on any time frame or issue
The MOB model works across the board on any time frame (one minute to weekly
data). The model also works on Stocks, Futures or cash indexes. It uses the same parameters for all time frames and issues. This is the main reason why the MOB has
become a very effective tool used by traders all over the world.

MOB RESISTANCE

SELL

The cross of the Trend Channels

provide the final signal to enter.

Chase Manhattan
Bank 60 min
(HOURLY)

BUY

MOB SUPPORT

This chart shows the Hourly (60 min) chart of Chase Manhattan Bank (CMB). The
MOB levels are generated at highs and lows. Again, once the MOB is tested, wait for
the cross of the Trend Channels to confirm entry. The Trend Channels play a major part
in trading the MOB levels. First it provides confirmation that the MOB level is holding.
Once the entry is confirmed by the cross of the Trend Channels, it further provides a
(high or low pivot) where stops can be placed. The Trend Channel filter increases the
accuracy and efficiency of the overall system.

ELLIPSE STUDY
The Ellipse study provides key levels from where a previous trend is likely to continue.
Once a Trend is in force, how much will the issue pull back before the Trend resumes?
This is a question asked by every trader in the world. Our Ellipse model is designed to
provide an answer to this often asked question. The Ellipse study provides a Price Level
and a Time when the Trend could resume.

DELL COMPUTERS
Daily Stock
Trend
Y
The cross of the Trend Channels
provide the final signal to enter.

Ellipse Support
where Trend Y could
resume (Time & Price).

Trend
X

Ellipse Support
where Trend X could
resume (Time & Price).

The change in Trend is confirmed when the price crosses through the Trend Channels
after testing the Ellipse. The stop is placed under the Ellipse level.
As soon as Trend X is over, you can have Advanced GET generate the Ellipse
Support. This allows you to anticipate where the correction could be over. Once
the prices test the Ellipse Support, the trade is taken on the cross of the Regression
Trend Channels.

ELLIPSE STUDY
It works on any time frame or issue
The Ellipse model works on any time frame (one minute to weekly data). The model
also works on Stocks, Futures or cash indexes. It uses the same parameters for all time
frames and issues. There is no curve fitting, or changing settings for different time
frames. This truly is one case where One size fits all.

The cross of the Trend Channels

provide the final signal to enter.

June SP 500
5 min chart

BUY At
Ellipse Support

BUY At
Ellipse Support

This chart shows a 5 minute chart of the June SP 500. As the market creates a new
trend, you can have a corresponding Ellipse level generated. Once the prices test the
Ellipse level, you wait for the cross of the Trend Channels to confirm entry.
When the Ellipse study is used in conjunction with Elliott wave analysis, you are provided with time and price entry levels, Elliott price projections and a forecast for the
strength of the next move. This type of power is not found in any other software

package out there.

7

Automatic Elliott Wave Counts

In 1987, we created Advanced GET and designed it to count Elliott Waves. Since then,
we have constantly improved the model and developed a totally mechanical approach
to trading the Elliott Wave sequences. An Elliott Wave sequence is a five wave structure with the third wave being the strongest rally. This is followed by a profit taking
wave called Wave 4. Once the profit taking is over, a new rally phase sets in. This last
phase labelled Wave 5 does not have the strength of Wave 3, even though it makes new
highs. This lack of strength eventually creates a high and the market changes trend.
This pattern frequently repeats itself in all stocks and futures and on all time frames.

Quantum Corp.
Daily Chart

Wave 5
Weak Rally

Market
changes
Trend

The cross of the Trend Channels

provide the final signal to enter.

Wave 3
Strongest Rally

Wave 4
Profit Taking Decline

Elliott Oscillator
Oscillator break out
confirms Wave 3 Rally

Oscillator divergence
confirms end of Wave 5

Oscillator pulls back to

zero to confirm Wave 4

The counting of Elliott Waves is a well accepted, but sometimes complicated, technical
analysis approach used all over the world. Advanced GET makes it simple by calculating all the various possibilities and automatically selecting the appropriate Wave count.
Many large institutions, fund managers, position traders and day traders have been
using our wave counts and mechanical trading approach for over 10 years. We will now
discuss the different types of mechanical trading approaches using Elliott Wave analysis.
8

Combining Elliott Waves-MOB-ELLIPSE

XTL: The Expert Trend Locator automatically paints the bars blue to show an up
trend or red to show a down trend. The XTL identifies the beginning stages of a potential Wave 3 rally. The XTL also identifies Wave 3 declines at its early stages.

XTL Continuation: Once a Wave 3 is in progress, the XTL further identifies continuation type trades in the direction of the trend. Usually, the Ellipse also provides
price and time levels for continuation trades.

PTI: The Profit Taking Index measures how much profit is being taken in terms of
momentum. Statistically, if the PTI is greater than 35, the market should make new
highs in Wave 5.

Quantum Corp.
Daily Chart

Weekly MOB
PTI greater than 35
indicates new highs.

MOB identifies
top of Wave 3

XTL identifies
Wave 3 Rally

XTL continuation
trade with
Ellipse support

Market
changes
Trend

Ellipse provides
Price support and Time
for Wave 4 low.

A picture paints a thousand words. The above chart demonstrates the massive
technical edge that Advanced GET delivers. This is why we were voted the Best
Trading System for 5 years in a row in the Stocks & Commodities Readers Choice
Awards.
9

Elliott Mechanical Type One Trade

a) The Elliott Oscillator should confirm a Wave 3 rally.
b) During the Wave 4 profit taking, the Elliott Oscillator should pull back to zero.
c) On the pull back, the PTI should be greater than 35.
d) Look for an Ellipse support.
e) BUY ON THE CROSS OF THE TREND CHANNELS.

Airborne Freight (ABF)

Daily Chart
Type One BUY

PTI > 35

Type 1

BUY

The cross of the Trend Channels

provide the final signal to enter.

Ellipse
Support

Wave 4 Time channels

provide % probability for
new highs.

Elliott Oscillator
Oscillator confirms
Wave 3

Oscillator pulls back to

zero to confirm Wave 4

Wave 4 Time Channels: This is a study that indicates the percentage probabilities for
new highs in Wave Five. If the retracement in Wave 4 stays above the first channel, the
probability is greater than 80% for a new high. Staying above the second channel provides a probability of 60%.

10

Elliott Mechanical Type Two Trade

a) The Elliott Oscillator should not make lower lows in Wave 5 creating a divergence.
b) In-between the divergence, the Elliott Oscillator should pull back to zero.
c) Look for a MOB support at the end of Wave 5. This sets up a reversal.
e) BUY ON THE CROSS OF THE TREND CHANNELS.

Ford Motors (F)

Daily Chart
Type Two BUY
Ellipse
Support

Type 2
BUY

The cross of the Trend Channels

provide the final signal to enter.

Elliott Oscillator

Oscillator pulls back to

zero to confirm Wave 4

MOB Support

Elliott Oscillator makes lower lows

in Wave 5 showing divergence.

When 5 waves are complete, and there is Elliott Oscillator divergence, the market is
ready to change the trend. Most of the time, Advanced GET would provide a MOB
support at the end of a Wave Five. Once the price crosses the Regression Trend Channels, a trade can be taken with stops placed under the MOB low. Type Two trades
usually provide a strong reversal in the market and generates the most profit potential.

11

Elliott Mechanical Trades on Hourly data

The same rules apply regardless if you are trading a daily chart or an hourly chart. This
is the beauty and the simplicity of our system. You, the trader decides which market
and what time frame to trade. Our models use the same parameters for all issues and
all time frames.

MOB Resistance

Type 2
Sell

MOB for Wave 3 top

XTL
Wave 3
BUY

Ellipse support on
Elliott Type 1 BUY

Ellipse support on
XTL continuation
BUY

SP 500 June
60 min (hourly)
MOB Support
Oscillator divergence
on Wave 5

Oscillator pulls back to

zero to confirm Wave 4

a) XTL (Expert Trend Locator) identifies the Wave 3 rally Buy.

b) XTL and the Ellipse identifies the XTL continuation Buy. When Wave 3 is over,
the software identifies a MOB resistance level.
c) At the end of Wave 4, the Ellipse identifies the Type One Buy.
d) When 5 waves are complete, the Elliott Oscillator shows clean divergence with the
Oscillator pulling back to zero in between.
e) At the new highs, the MOB resistance holds the market and provides a Type 2 Sell.
12

Elliott Mechanical Trades on 5 min. data

Here the 5 minute chart of the June Dow Futures contract is shown.
a) XTL (Expert Trend Locator) identifies the Wave 3 rally Buy.
b) XTL and the Ellipse identifies the XTL continuation Buy.
c) At the end of Wave 4, the Ellipse identifies the Type One Buy.
d) When 5 waves are complete, the Elliott Oscillator shows clean divergence with the
Oscillator pulling back to zero in between.
e) At the new highs, the MOB resistance holds the market and provides a Type 2 Sell.
f) On the ensuing decline, the MOB support ended the decline and the entire Elliott
Wave pattern starts over.

MOB Resistance

XTL
Wave 3
BUY

Type 2
Sell

Ellipse support on
Elliott Type 1 BUY

Ellipse support on
XTL continuation
BUY

MOB Support

Dow Futures June

5 min chart
MOB Support
Oscillator divergence
on Wave 5

Oscillator pulls back to

zero to confirm Wave 4

13

SHORT SELLING
A versatile trader is one who can establish long or short positions based on the current analysis. Our models provide equal weighting for both long and short positions.
The rules are the same. Only the direction is different as seen in this example:
a) The stock makes a new high with lower highs in the Elliott Oscillator.
b) The Oscillator pulled back to zero for the Wave 4 retracement. This is a must.
c) The software generated a MOB resistance level which the stock tested.
d) When the price crosses the Regression Trend Channels, it sets up a (short position) Elliott Type Two Sell.
e) Place protective stops above the MOB resistance.

TRW
Daily Chart
Type Two SELL

MOB Resistance

Type 2

SELL

4
The cross of the Trend Channels
provide the final signal to enter.

When a 5 wave Elliott Pattern

is complete, the market
changes direction.
Elliott Oscillator makes lower lows
in Wave 5 showing divergence.

Elliott Oscillator
Oscillator pulls back to
zero to confirm Wave 4

14

False Bar Stochastics Trade

This study was created in 1986 and is still very popular among our users. During certain
market conditions, the Elliott Waves, MOB or Ellipse trades may not be well defined.
In such cases, we use the False Stochastics trade.
The Stochastics study has been around for over 40 years. When the Stochastics is above
80, it indicates overbought conditions and the general consensus is to start a Sell strategy. However, if the market is rallying in a trend, the Stochastics continues to stay in
overbought conditions for a long time and you end up loosing on the Sell side.
We have created a model that alerts the user to such false signals. If Advanced GET
detects a trend, it draws a False Bar indicating a false Stochastics signal.
In the example below, the overbought conditions (Stochastics above 80) had False Bars
indicating False Stochastics signals to sell. The three Buy signals (oversold conditions
- Stochastics below 20) had no False bar and the Buy strategy worked.

The cross of the Trend Channels

provide the final signal to enter.

Motorola
Daily Chart

During this rally, the Stochastics

has a False Bar which indicates a
Trend has been detected. Ignore any
sell (overbought) signals.

No false bar means no trend

detected. It is okay to Buy.

No false bar means no trend

detected. It is okay to Buy.

FALSE BAR

BUY

NO FALSE BAR

BUY
NO FALSE BAR

BUY

NO FALSE BAR

15

False Bar Stochastics (15 min charts)

No false bar means no trend
detected. It is okay to sell

SELL
No false bar means no trend
detected. It is okay to sell
During this decline, the Stochastics
has a False Bar which indicates a
Trend has been detected. Ignore any
buy (oversold) signals.

SELL

Gateway Computer
15 min chart

SELL

SELL

NO FALSE BAR

FALSE
BAR

America On Line
(AOL) - 15 min chart

NO FALSE BAR

16

No false bar means no trend

detected. It is okay to BUY

NO FALSE BAR

FALSE BAR

The Stochastics False

Bar trade can be used
effectively on all time
frames. The main
theory is to take overbought sell signals or
oversold buy signals
only when there is no
trend detected. As soon
as a trend is detected,
the software indicates a
False bar and the signal is ignored.