OddBall Systems

 Free Introductory Chat

Mark Brown acknowledges and appreciates the following contributions.   Provided below are noteworthy variations of the OddBall System as published December 2000 issue of Active Trader magazine.

System Contributions

Provided By: Mark Brown Description: One of the best ways to keep track of the market’s true dynamics is to monitor its advancing and declining issues. Here’s a strategy that uses the momentum of advancing issues to time short-term trades.

Provided By: Bob Fulks Description: This is a more robust version of Mark Brown's OddBall system. It is more tolerant of data errors and the differences between how the various TradeStation versions handle missing bars. With the default settings, it should give the same trades as the original on "perfect" data of various compressions. On data with missing bars, there will be small differences.  Download the complete word doc here and the complete code file here

Provided By: David Folster Description: Oddball Followers, Here are some results on Oddball using a simple directional bias (i.e. only taking trades in the direction of the trend). The directional bias used was just a 25 period MA of the hourly close (see code variation at the bottom). I invite comments on the results, as I have trouble figuring out what good tradeoffs are in tweaking systems.

Provided By: Charles Johnson Description: This variation gives the same results as Mark's program when settings are similar, but allows more flexibility, allowing experimentation with different bar lengths, intervals, start and end times. It can serve as a base for tinkering and expansion.

Provided By: Bob Roeske Here is a slight modification to the OddBall code that waits until price is moving in the direction of the signal.

Provided By: Cristian Stremiz Description: Since I don't speak english very well, I will try to explain my point of view, regarding OddBall, in a brief and concise manner. First of all, if you look at the first 30 minutes of trading activity, you'll see that there is an inertia in the Advancing Issues (or Declining Issues) data. A phenomenon that resemble the transitory phase in a RC circuit (when you close the switch). There are two reason for this, IMHO:

Miscellaneous System Contributions

Provided By: Alexis C. Montenegro Description: Here is the OddBall strategy - as originally created by Mark Brown - ported to eSignal trading strategies language efs.

Provided By: KALOSZ Research® Description: Oddball S&P System by Mark Brown Trading the momentum of market breadth One of the best ways to keep track of the market's true dynamics is to monitor its advancing and declining issues. Here's a strategy that uses the momentum of advancing issues to time short-term trades.  MetaStock code.

Provided By: Dion Kurczek Description: There's been quite a bit of buzz around lately about a trading system developed by Mark Brown called the "Oddball System".  Oddball is based on hourly data, and the signals are generated from the NYSE Advancing Issues ($ADV or .ADV depending on your data provider).  WealthLab code.

Provided By: F Robert Simms Description: Futures Trading - e-mini's If you are looking for systems, this is the one that I am looking into. It is the OddBall system by Mark Brown. It is free.  WealthLab.

The OddBall System is a FREE and fully disclosed, mechanical trading model.

Miscellaneous System Information

Active Trader Article  read about the OddBall System logic via excerpt, from Active Trader magazine. Miscellaneous notes The system trade frequency;  a trade approximately every 1.33 days.  It is an hourly system that will only look to take a trade on the hour every hour.  It is always in the market long or short.    It does not use any fixed money management stops.  Rather the system itself will change trade direction as the broad market advancing issues momentum, dictates.  Question and answer  Mark Brown See something missing in our F.A.Q. which needs to be explained?  Please email us and we will try and add that information to the growing body of information available freely here on this web site. Thank You,  Mark Brown The OddBall System is a FREE and fully disclosed, mechanical trading model.