I first spoke to Murray in 1989 when he worked with Promise Land Technologies – an AI company that improved trading signals and I worked at Futures Truth. He went from there to form his own companies and become an editor of Futures Magazine. He developed one of the best back testing platforms available today – TraderStudio. His dream was to compete with TradeStation and in his last days he saw a beta version of his software – 64 bit – and real time that could run his concepts of a trading session and a trading plan. The session was simply a singular algorithm whereas the plan was an overlay that could manage multiple sessions and utilize complex money management schemes. All this while collecting real time minute data. So congratulations my friend – you damn well did it!
I-Master
Murray co-developed this phenomena that caught the attention of almost all Futures Brokers in the late 90s and early 00s. When this system waded into the market you could see the wave it created. It became over traded but boy did it have a run.
Intermarket Convergence/Divergence
This concept did not catch on until Murray started focusing on it. He turned it into an art form and most of his focus was spent on uncovering the relationships between different markets and different derivatives. I can say that he become the leading expert in this field.
Futures Magazine
If you can get your hands on his collection of articles, I would definitely advise doing so. He touched on so many topics and explained them thoroughly. Futures was fortunate to have him onboard.
Family
He was always talking about his family and how much he cared for them. Murray was a workaholic – no doubt, but he was always there whenever they needed him.
Friends
I can’t list them all. He knew everybody. All the legends and all of them recognized him for his intelligence and innate market sense.
Legacy
Murray will be missed for being a good man – in every possible way. That is truly the best compliment I can pay his memory. His ideas will live on for sure, but we will all miss out on the great ideas he was yet to dream up.
Murray – thank you!
Backtesting with [Trade Station,Python,AmiBroker, Excel]. Intended for informational and educational purposes only!
Get All Five Books in the Easing Into EasyLanguage Series - The Trend Following Edition is now Available!
Announcement – A Trend Following edition has been added to my Easing into EasyLanguage Series! This edition will be the fifth and final installment and will utilize concepts discussed in the Foundation editions. I will pay respect to the legends of Trend Following by replicating the essence of their algorithms. Learn about the most prominent form of algorithmic trading. But get geared up for it by reading the first four editions in the series now. Get your favorite QUANT the books they need!
This series includes five editions that covers the full spectrum of the EasyLanguage programming language. Fully compliant with TradeStation and mostly compliant with MultiCharts. Start out with the Foundation Edition. It is designed for the new user of EasyLanguage or for those you would like to have a refresher course. There are 13 tutorials ranging from creating Strategies to PaintBars. Learn how to create your own functions or apply stops and profit objectives. Ever wanted to know how to find an inside day that is also a Narrow Range 7 (NR7?) Now you can, and the best part is you get over 4 HOURS OF VIDEO INSTRUCTION – one for each tutorial.
This book is ideal for those who have completed the Foundation Edition or have some experience with EasyLanguage, especially if you’re ready to take your programming skills to the next level. The Hi-Res Edition is designed for programmers who want to build intraday trading systems, incorporating trade management techniques like profit targets and stop losses. This edition bridges the gap between daily and intraday bar programming, making it easier to handle challenges like tracking the sequence of high and low prices within the trading day. Plus, enjoy 5 hours of video instruction to guide you through each tutorial.
The Advanced Topics Edition delves into essential programming concepts within EasyLanguage, offering a focused approach to complex topics. This book covers arrays and fixed-length buffers, including methods for element management, extraction, and sorting. Explore finite state machines using the switch-case construct, text graphic manipulation to retrieve precise X and Y coordinates, and gain insights into seasonality with the Ruggiero/Barna Universal Seasonal and Sheldon Knight Seasonal methods. Additionally, learn to build EasyLanguage projects, integrate fundamental data like Commitment of Traders, and create multi-timeframe indicators for comprehensive analysis.
The Day Trading Edition complements the other books in the series, diving into the popular approach of day trading, where overnight risk is avoided (though daytime risk still applies!). Programming on high-resolution data, such as five- or one-minute bars, can be challenging, and this book provides guidance without claiming to be a “Holy Grail.” It’s not for ultra-high-frequency trading but rather for those interested in techniques like volatility-based breakouts, pyramiding, scaling out, and zone-based trading. Ideal for readers of the Foundation and Hi-Res editions or those with EasyLanguage experience, this book offers insights into algorithms that shaped the day trading industry.
For thirty-one years as the Director of Research at Futures Truth Magazine, I had the privilege of collaborating with renowned experts in technical analysis, including Fitschen, Stuckey, Ruggiero, Fox, and Waite. I gained invaluable insights as I watched their trend-following methods reach impressive peaks, face sharp declines, and ultimately rebound. From late 2014 to early 2020, I witnessed a dramatic downturn across the trend-following industry. Iconic systems like Aberration, CatScan, Andromeda, and Super Turtle—once thriving on robust trends of the 1990s through early 2010s—began to falter long before the pandemic. Since 2020 we have seen the familiar trends return. Get six hours of video instruction with this edition.
Pick up your copies today – e-Book or paperback format – at Amazon.com