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Hi Steve (and everyone on the list).
Its great to see someone posting material such as this. I am an extreme
newbie to all this stuff (in every sense of the word - what with only 2k in
equity Im not gonna be making much at all in the future considering I only
make 30k per annum), but at least this inidicator tells me that Im in with a
chance provided I can tweek it just right, please keep the discussions going
fella's, Im out here lapping it all up, one day when I get enough knowledge
I to will pass it on down, but until that time I will continue to lurk and
learn.
So, what books are available out there on this sort of stuff?, aside from
all the usual crap, does anyone know of any books (third party ones) that
are aimed soley at Metastock users, or even books on Metastock itself. The
Applications been around for long enough now for someone to have produced a
3rd party book somewhere surely!?.
I don't wish to get heavily into the mathematical functions, simply because
I can't, nor have the time. But good indicators are hard to come by, so how
does one tweek this stuff?
But at least I know that even if Santa Claus doesn't live in Iceland, he's
alive everywhere else too :^), including Australia.
Merry Christmas to all
Cheers,
Dave.
----- Original Message -----
From: Robert Lambert <lambertb1@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, December 22, 1999 10:56 PM
Subject: Re: bonds & the BB Histo
> Text portion of Steve's recent BB Histogram post:
>
> List,
>
> Here's a "freebie". I know it's not the my deeply
> guarded secrets about "Cybercast" and my new and
> improved "MOOSE" approach, but hey, it's free and
> simple. This is the "loss leader". All those that
> profit "wildly" from this approach are obligated to
> buy "mondo expensivo" proprietary systems that I will
> market in 2000. Yes, Mark Brown, I have nasty motives
> behind my posts. First you give your work away for a
> couple of years and then you "screw" everyone by
> "forcing" them to buy your software. But before I put
> the "screws" to everyone. I challenge the list to
> post a credible system that has a better return than
> the attached approach. I'm all "eyes". Many are
> quick to ridicule, few actually disclose any formulae
> or approaches. The BB Histogram that I use has
> slightly different numbers substituted in the formula
> than the "off the shelf" one that I present. This
> shouldn't affect the profits.
>
> BB Histogram:
>
> ((C+2*Std(C,20)-Mov(C,20,S))/(4*(Std(C,20)))*100)
>
> Sell the opening days after the BB Histogram
> penetrates 100 and buy when it penetrates zero. Add
> to positions when the BB Histo leaves "above 100" or
> "below zero" and then "repenetrates" the trigger
> levels (see attached charts).
>
> I believe this approach has recorded 11 straight S&P
> winners, with 700+ points. "But Steve, this system
> must not be working any more because it is losing the
> last trade you put on". Right!
>
> My only disclaimer is that I guarantee that I will
> sell software, charting services and anything else
> that I can think of to make a "buck" in 2000. In the
> meantime, suck all the free stuff from me you can
> copy. And most of all, please note, the biggest
> antagonists on the list provide absolutely "zero" when
> it comes to helping you trade. Seek the answers from
> "within" (with some shortcutting help from people that
> are willing to share).
>
>
> Steve Karnish
> Cedar Creek Trading
> http://www.abbracadabra.com/cybercast/
>
>
> --- MTG <mtg2@xxxxxxxxxxxxx> wrote:
> > hmmmm this does look pretty interesting do you have
> > the coide for this
> > im meatstk or maybe even in trade station i would
> > love to se it if you
> > dont mind
> >
> > Steve Karnish wrote:
> >
> > > List, The attached chart illustrates the signals
> > given by the
> > > Bollinger Band Histogram. Red arrows are attached
> > to the days after
> > > the indicator penetrates 100 and blue arrows
> > represent the days after
> > > a penetration of zero. Pretty simple, and rather
> > profitable during
> > > the past six months. Steve Karnish
> > > Cedar Creek Trading
> > > http://www.abbracadabra.com/cybercast/
> >
>
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