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WITTER & LESTER
Redstone Program |
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- CTA Name : Witter & Lester
- Program Name : Redstone Program
- Start Date : 1994-09-01
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- Trading Strategy
- Systematic : -
- Discretionary : 20%
- Fundamental : -
- Technical : -
- Diversified Market Strategy : -
- Sector Specific Strategy : Yes
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- Trade Duration
- Long-Term : -
- Mid-Term : -
- Short-Term : -
- Multi-Term : -
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- Markets Traded
- Stock Index : Yes
- Interest Rates : -
- Currencies : -
- Metals : -
- Energy : -
- Grains : -
- Meats : -
- Softs : -
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Witter & Lester
Redstone Program
There is no performance data for this program
Program Description: The genesis of the Redstone Program stems from a research effort begun in 1993 to automate the interpretation of traditional Witter & Lester analysis. This effort was guided by Lon Witter with assistance from Wayne Whaley. After the initial exercise was competed, Mr. Whaley used computer backtesting to incorporate several additional indicators that had been successfully used in his own personal trading since 1988. The result was a computerized stock market timing model based on pattern recognition of the following 9 indicators. 1) Candlestick theory, 2) Climax indicator, 3) Volume trends, 4) Momentum, 5) New highs/lows, 6) Put/Call ratio, 7) Seasonality, 8) TRIN, and 9) Valuation/Sentiment. Each day, the model produces a market rating between 0 and 100 where a rating of 50 is bullish and a rating below 50 is bearish. This daily analysis drives the degree of long or short exposure taken in the program. Positions are built using a combination of stock index futures and options.
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