Cream together the butter and sugars until fluffy. Stir in the egg and vanilla just until mixed.
Mix together the oats, flour, wheat germ, baking soda, baking powder, cinnamon and salt. Gradually add the dry ingredients until just combined. Stir in raisins and nuts.
Divide dough into 4 sections. Divide those sections in half to make 8 equal sections. Shape into neat balls. At this point, I chilled the dough. Not sure if it was necessary. If you started with overly soft butter, it may help.
Line two baking sheets with parchment paper. Place 4 dough balls on a baking sheet and space about 3 or 4 inches apart. Press down slightly so cookies bake more evenly. Bake one sheet at a time for 12 to 15 minutes on center rack. Let cool on cookie sheet for a few minutes then transfer to a wire rack to cool completely.