Gryphon's New HAWKEYE (TS) Release 3.8

The new HAWKEYE (TS) includes much more information than the previous version. It also includes the EWS and BOF, though not in the same way as the Gryphon learning EWS/BOF Trading System. Faster methods have also been used to perform some of the original calculations.

Hawkeye 3.8 includes rules for determining whether long or short positions should be taken. This supercedes the shadows used in previous versions.

For an FAQ of Gryphon's new HAWKEYE (TS) including notes on use, accuracy, definitions, parameters and getting access please click here(opens in a new window).

Applying the new HAWKEYE (TS) remains the same as that found in the previous version. The following images highlights the process.

“Scope” has the values “All Bars” or “Recent Bars.” It allows you to apply the Hawkeye to the entire chart, or save time by applying it to only the most recent data. We recommend that for normal use, you use the “Recent bars” setting.

This parameter allows you to switch between Hawkeye systems based on the aggressiveness of your stock. Increasing aggressiveness gives increased potential profits at the expense of an increase in risk. The higher the aggressiveness, the more, earlier entry and exit points are identified. However, quite a few of these may prove to be false signals. The Hawkeye identifies and responds quickly to false signals; however your tolerance for false signals depends on the brokerage you pay. For very high frequency data (5- and 10-minute intraday) most people will find the best settings to be Medium Aggression, Slow Speed.

On Hawkeye Scalper, the Speed parameter allows you to fine tune the Aggressiveness of the system. Fast speed is more sensitive to volatility. Speed has no effect in Hawkeye Active Trader or Standard.

This parameter is designed to be used with Scope = All Bars, to help you “back-test” Hawkeye. Some people check the charts as soon as the market opens, (before they call their brokers or execute their trades,) then check them again after work. These people may have entered the market at a better price. Using Trading Style =”Open and Pre Close” will give some idea of the performance of Hawkeye under these circumstances.



Click here to see some HAWKEYE 3.8 Examples

The arrows mark entry and exit points identified by the Hawkeye 3.8 Trading System. If you are trading long, an entry is indicated by an arrow pointing up, and an exit by an arrow pointing down. If you are trading short, an entry is indicated by a rightward pointing arrow and an exit by a leftward pointing arrow. The point of the arrow is positioned at the best estimate of the price at which the arrow appeared. (See more about this in the discussion of the Trading Style parameter in the FAQ.)

See the legend below:

How accurate is HAWKEYE 3.8? : Introducing the new PhoenixAI simulator

See for yourself! Use the PhoenixAI simulator feature to Back-test the system.

With new features including “Current statistics” and “Compare” tabs providing statistics which can give you a good idea of the theoretical accuracy, the new simulator is an essential tool for traders and investors.

Click here to see the new SIMULATOR in action, including how to apply and interpret