EdgeWare FastBreak Standard Version 6.5 - Manual (Page 8)

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Changes in Version 6.2
This section will cover enhancements in FastBreak Version 6.2 and is of interest to users
of previous versions of Standard FastBreak. Note: For users of previous versions of
FastBreak Pro see the Upgrade Notes in the supplemental FastBreak Pro manual.
Version 6.2 (V6.2) is the first release version of V6.X. It has exactly the same functional-
ity of beta V6.1.
V6.1 of Standard FastBreak was a beta version that could be run by users of V5. We
made the beta available free of charge for V5 users. V6.1 will continue to function; how-
ever, going forward we will not maintain the beta version. Now that V6.2 is the official
release version any future enhancements or bug fixes will build upon V6.2. Users of ver-
sions prior to Version 6 will need to upgrade if they want to take advantage of any future
builds. Our policy is to provide technical support to the most two recent versions, e.g.,
V5.X and V6.X.
Note: There wasn’t a V6.0 of Standard FastBreak.
Trendline Stop and Buy Filters
Version 6 provides trendline Buy Filters and Sell Stops. Trendlines are one of the oldest
and still most useful technical analysis tools. Trendlines can be used to determine when a
stock or mutual fund has broken down in an upward move, i.e., used as a sell Stop, or
trendlines can be used to determine if a downward move has ended and it is safe to buy,
i.e., Buy filter. The vast majority of trendline users use a manual method to draw the
trendline on a paper chart or a computer screen. Programming a computer to calculate a
trendline that a human brain can draw in a few seconds is a daunting task; however, there
is a tendency when manually drawing trendlines to “force” the line to other expectations.
A mathematical algorithm is not subject to such expectations, but at the same time cannot
“see” other potential complications and complexities.
Adding trendlines to the Buy Filter and Stops required changes in the layout to three tabs:
Strategy, Stop Loss, and Buy Filter tabs, but you should quickly become comfortable with
the new layout.
Details of the Trendline algorithm are provided in the Appendix A.
NOTE: The algorithm to determine trendlines is very computer time intensive. If you
are using a very large trading family you will notice a long delay to evaluate the strat-
egy. More about this in the Appendix A discussion.
Changes in Version 5