Achievements and Plans

The Company

Achievements & Plans

Achievements and Plans

Elliottician has now entered the sixth phase (Phase Theta) of its 15 year plan to Master Elliott Wave.

What if computers were so powerful they could predict the future?

Alpha Phase: Standard Elliott Wave Algorithms Coded: Completed 1995

For the first time in history, Elliott Wave was fully and comprehensively coded into a computer program.

Written by: Richard Swannell.
Lines of computer code: 250,000.
Time to complete: Six intensive months.
Released 1995.
Named: Elliott Wave Forecaster, then later renamed to the Elliott Wave Analyzer.

Beta Phase: Learning from the Best: Completed 1998

The world’s most renowned Elliott Wave practitioner, Bob Prechter, worked with Richard Swannell for 18 months updating the software’s Elliott Wave algorithms to accurately reflect Mr. Prechter’s unmatched personal knowledge of the Elliott Wave Principle. Released in 1998 by Elliott Wave International under the name of WinWaves.

Gamma Phase: Learning from the Market. Completed 2003

Gamma introduced the Elliott Research Project (ERP) using the power of distributed computing to compile the world’s first and largest database of Elliott Wave patterns. The software was then changed so that it used statistical analysis of real world patterns in the database (rather than static algorithms) to identify and forecast Elliott Waves. This enabled the software to adapt to real market conditions rather than being confined to human observation of Elliott Wave. The software was released under the name of the Refined Elliott Trader in 2003.

Delta Phase: Adapting to the Market. First released (and Ongoing) Jan 2007

The ERP2 project advanced the ERP concept by creating separate databases of Elliott Wave patterns in different markets – allowing RET to tune itself to patterns found in specific markets and adapt to Elliott Wave patterns as they change over time. A range of market specific PowerPacks for RET were introduced early 2007.

Zeta Phase: Elliott Confirmation Signals: First released (and Ongoing) July 2007

Using the ERP2 databases of real Elliott Wave patterns, Elliottician established a new research project to find specific technical indicators that help identify the end of Elliott Waves. This is another world-first that now gives Elliottician clients advanced knowledge of market turns.

Theta Phase: Fine Tuning Forecasts. Released August 2007

Theta research involves back-testing large numbers of Elliott Wave patterns while varying the relative weighting between price, time, structure, volume and other parameters – so as to find the best combination that consistently produce the most accurate Elliott Wave forecasts. The initial Elliott Engine weighing values were simply “educated guesses” because there was no technology available to carry out back-testing of large numbers of Elliott Wave forecasting. All the software for this study is encoded within the ERP2 Screen-Savers. Theta re-orders the list of Elliott Wave counts that RET finds during analysis, so that the most accurate forecasts are more often found at or near the top of the list – being the Preferred Count and First Alternates. This study is to be continued with each individual market specific Power Pack to constantly improve RET’s ability to forecast each specific market.

Sigma Phase: Full Integration. Completed: 2008

All Elliottician’s technology combined into one intelligent, self improving, market adapting, comprehensive Elliott Wave technical analysis recognition and forecasting system called RET Professional that truly answers the question: “What if computers were so powerful they could predict the future?”

Omega Phase: Automated Trading Integration. Expected release in 2010

RET-Omega will be a fully automated system that Elliottician uses to manage funds with minimal human input. Elliottician will develop, refine and update these new technologies indefinitely into the future so that Refined Elliott Wave, unlike most other forms of technical analysis, continually adapts to changing market conditions.

Note: Each phase is named in the order of the letters of the Greek Alphabet, starting with Alpha and ending with Omega (being the first and last letter in the Greek alphabet).

Design by Brand-ID

The Purpose of Elliottician is to continue refining the Elliott Wave Principle and to teach its successful application in forecasting the markets.

Risk Disclaimer: All trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. All forecasting is based on statistics derived from past performance and past performance of any trading methodology is no guarantee of future results. No "safe" trading system has ever been devised and no one can guarantee profits or freedom from loss. No representation is being made that any account will achieve profits or losses similar to those discussed. There is no guarantee that, even with the best advice available, you will become a successful trader because not everyone has what it takes to be a successful trader. The trading strategies discussed may be unsuitable for you depending upon your specific investment objectives and financial position. You must make your own investment decisions in light of your own investment objectives, risk profile, and circumstances. Use independent advisors as you believe necessary. Therefore, the information provided herein is not intended to be specific advice as to whether you should engage in a particular trading strategy or buy, sell, or hold any financial product. Margin requirements, tax considerations, commissions, and other transaction costs may significantly affect the economic consequences of the trading strategies or transactions discussed and you should review such requirements with your own legal, tax and financial advisors. Before engaging in such trading activities, you should understand the nature and extent of your rights and obligations and be aware of the risks involved. All testimonials are unsolicited and are potentially non-representative of all clients. Your trading results may vary from those case studies detailed on the Elliottician website. Elliottician is not a broker or licensed investment advisor and therefore is not licensed to tailor general investment advice for individual traders. Your actions and the results of your actions in regard to anything you receive from Elliottician are entirely your own responsibility. Elliottician cannot and will not assume liability for any losses that may be incurred by the use of any information received from Elliottician. Any such liability is hereby expressly disclaimed.

Hypothetical Disclaimer: All results are considered to be Hypothetical unless otherwise specified: Hypothetical performance results have many inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Furthermore, only risk capital should be used for leveraged trading due to the high risk of loss involved. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses (and incur account drawdowns) or to adhere to a particular trading program in spite of trading loses are important issues which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, method or system, which cannot be completely taken into consideration with hypothetical performance results and will affect trading results and your P/L.