Leon Wilson in his book 'the next step to share trading success' tests a mechanical system using EzyStation (page 355). On 15 selected stocks he obtains annualized return > 20%.
The system uses only Williams %R to generate buy and sell signals. However, the book does not describe how these signals are generated [the is one statement: 'specialized settings: EzyChart coefficient']. I see two possibilities: (1) he uses standard Williams' recommedation; (2) he uses some build-in Ezystation algorithm.
I do not have Ezystation and can't find any info on the web on what that may be. I would like to be able to reproduce Wilson's results.
Could someone familiar with EzyStation explain to me how the signals are generated there?