Computer Analysis of the Futures Market - Technical Traders Guide

Jul 30, 2026

Uploaded by Aurelia

Technical Traders Guide to Computer Analysis of the Futures Market focuses on applying computer-based methods to futures technical analysis. It explains how modern software updates charts and computes widely used indicators such as stochastics, moving average convergence and divergence, parabolic stop and reverse points, and directional movement indicators. The book emphasizes building sound foundations, providing rationale for each concept, and showing how to use techniques while avoiding costly pitfalls and false signals.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages251

Reading Time10 h 33 min

AccessFree to download

Warning and Disclaimer

Foreword

Preface

COIUTERANSISOF THEFlTURESARKET CHARLES LE BEAU&DAVIDW.LUCAS Technical Traders Guide to # COMPUTER ANALYSISOF THEFUTURES MARKET # Technical Traders Guide to COMPUTER ANALYSISOF THEFUTURESMARKET Charles LeBeau andDavid W.Lucas Editors ofTechnical Traders Bulletin ◎ CHARLES LeBEAU &DAVID W.LUCAS,1992 All rights reserved.No part of this publication may be reproduced,stored in a retrieval system,or transmitted,in any form or by any means,electronic,mechanical,photocopying,recording,or otherwise,without the prior written permission of the copyright holder, This publication is designed to provide accurate and authoritative information in regard to thesubject matter covered.It is sold with the understanding that neither the author nor thepublisher is engaged in rendering legal,accounting,or other professional service.If legal adviceor other expert assistance is required,the services of a competent professional person should besought. ## Warning and Disclaimer: THE COMMODITY FUTURES TRADING COMMISSION AND THE NATIONAL FUTURESASSOCIATION REQUIRE THAT WE STATE: HYPOTHETICALOR SIMULATED PERFORMANCE RESULTS HAVE CERTAININHERENT LIMITATIONS.UNLIKE AN ACTUAL PERFORMANCE RECORD,SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.ALSO,SINCE THETRADES HAVE NOT ACTUALLY BEEN EXECUTED,THE RESULTS MAY HAVE UNDEROR OVER-COMPENSATED FOR THE IMPACT,IF ANY,OF CERTAIN MARKET FACTORS,SUCH AS LACK OF LIQUIDITY.SIMULATED TRADING PROGRAMS IN GENERALAREALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OFHINDSIGHT.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILLOR ISLIKELY TO ACHIEVE PROFITS OR LOSS SIMILAR TO THOSE SHOWN. In commodity trading there can be no asurance of profit.Losses can and do oceur.As withany investment,you should carefully consider your suitability to trade commodity futures andyour ability to bear the financial risk of losing your entire investment.Do not assume that thetheories,systems,methods or indicators presented herein willbe profitable or that they will notresult in losses. The information contained herein has been obtained from sources believed to be reliable,but cannot be guaranteed as to accuracy or completeness,and is subject to change withoutnotice.The risk of using any trading method rests with the user. FromaDeclaration of Principles jointly adopted bya Committee of the American BarA8sociation and a Committee of Publishers. Project editor:Rita McMullen Production manager:Ann Cassady Jacket Designer:Phil Kantz Compositor:TCSystems,Ine. Typeface:11/13 Century Schoolbook Library of Congress Cataloging-in-Publication Date LeBeau,Charles. Technical traders guide to computer analysis of the futures market/by Charles LeBeau and David W.Lucas, p. cm. Includes index. 1.Commodity futures-Data processing.2.Futures market—Dataprocessing 1.Lucas,David W.II.Title I.Title:Computeranalysis of the futures market.HG6046.L431992332.64'5—dc2091-28565 ISBN-13:978-1-55623-468-2 ISBN-10:1-55623-468-6 ## Foreword This book took a lot of work,and it shows.Most books Ihave read on thesubject of technical analysis fail to lay a firm foundation for the tech-niques and trading methods that follow.In my home town,New Orleans,every cookbook listing a recipe for a good Creole dish starts with theinstructions“first make a roux.”The roux is the base,the foundation ofthe recipe,and great care must be spent on its development and imple-mentation.The chef knows that the dish will fail unless the properfoundation has been prepared to support it. This book by Mssrs.LeBeau and Lucas is rich in its"roux."Theauthors have carefully included the history and rationale for each oftheir concepts and detailed technical studies.I have not read anotherbook of this type where the foundations were so carefully crafted andwell laid.It was a pleasure to read. Only the most useful and important computer-generated technicalstudies are covered.The fact that the studies chosen are those “of value”is

FAQs

What does the book emphasize about using computer analysis in futures trading?

It emphasizes that computer-based technical studies should be grounded in solid foundations, with clear rationale for each technique and guidance on proper use.

Which types of indicators does the book highlight as commonly calculated by futures software?

It highlights indicators including stochastics, moving average convergence and divergence, parabolic stop and reverse, and directional movement indicators.

Why does the book warn that simulated results may differ from real trading?

It notes inherent limitations of hypothetical or simulated performance, including the fact that trades are not actually executed and results may be impacted by factors like liquidity and hindsight.

Jul 30, 2026

Uploaded by Aurelia