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Bill,
I'm another "newbie". I call myself that although I've had the
product for several years, it has only been the last 6 months that I've taken
the time to really learn how the coding for explorations
and indicators works. (I haven't written my own exploration yet, but
that is coming -- real soon now.)
1. My advice is go slow and don't frustrate yourself! Expect to spend
some time to
really understand how the functions work. It took me several months
of writing explorations to get a real "ah-ha" experience, and I was a programmer
at one point in my career.
2. Read, re-read, and work at your computer with your book at your side and
look it up if you don't know.
3. Start with writing some simple explorations. One way to do that is
to pick one that comes with the program and copy it into a new one, then change
it. The packaged one may come with a 14 day period for example --- so
change that to a 8 day or a 13 day period and run it.
4. Create some utility explorations -- like find issues that may have split
yesterday or find issues in your files that no longer trade. (I have a
version of these I've written if you run into trouble).
5. Create a simple 1 moving average exploration. once that works expand it
into a 2 moving average crossover system.
6. Now tackle some momentum indicators similar to #5.
7. Now comine MA's and momentum indicators.
8. Read Technical Analysis of Stock and Commodities magazine and implement
the code you find there as indicators.
9. Go to the Metastock and Guppy sites for other indicators.
10. Now go through the book and "play" with some of the functions you
haven't used in code yet. Ensure that by writting an exploration for them
you understand what they do and how they work. (I found it helpful to
place a small check mark in the book by each function that I did this for and
really think that I understand.)
There is no reason to buy a $5,000 canned system as long as your willing to
take the time to learn Metastock yourself. There are some things that are beyond
the current version that I have (7.0) of Metastock. If you have a system
that MS just can't handle, then you might want to look into purchasing the DLL
generator. I have found that every time I wanted that whiz-bang indicator
that needed more sophisticated code, that I found some other way to
accomplish the same thing with what is provided or that the complexity of the
system was not really needed for my trading style (swing-trader, these days
in a very short time frame!).
Hope this helps! .......(And Good Tradin').....................
John
----- Original Message -----
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style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Bill Irwin
To: <A title=steveb@xxxxxxxxxxx
href="mailto:steveb@xxxxxxxxxxx";>steveb@xxxxxxxxxxx ; <A
title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, December 01, 2000 12:07
AM
Subject: RE: Metastock.
<SPAN
class=294155907-01122000>Thanks Steve. I know what it can be like after
you become familiar with a product. I've used Quicken Home &
Business for several years and, although I'm quick to point out its
shortcomings because I think some of them are just oversights, I use it every
day and it's very functional at doing most of what I need. I'm
constantly striving for that perfect world where all the software does
everything perfectly... 8^)
<SPAN
class=294155907-01122000>
<SPAN
class=294155907-01122000>I've made a folder to contain my positions and I'm
moving stocks there as I create them. Now I just need to determine which
of the myriad of Experts I want to believe!
<SPAN
class=294155907-01122000>
<SPAN
class=294155907-01122000>Do you (or others) have favourites that I could start
with, or do you use custom ones that sell for $5,000 each? I realize
this is probably a Pandora's Box ... like asking a group of traders what the
best software is.
<SPAN
class=294155907-01122000>
<SPAN
class=294155907-01122000>Thanks for the feedback. I appreciate it.
Funny how it took until after 10 PM tonight for your message to reach me and
you sent it at 10:41 AM ...
<SPAN
class=294155907-01122000>
<SPAN
class=294155907-01122000>Bill
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #008000 2px solid; MARGIN-RIGHT: 0px">
<FONT
face=Tahoma>-----Original Message-----From: Steve Brann
[mailto:steveb@xxxxxxxxxxx]Sent: Thursday, November 30, 2000
10:41 AMTo: metastock@xxxxxxxxxxxxxCc:
Bill-Irwin@xxxxxxxxSubject: Metastock.
Hi Bill
Welcome to the world of Metastock - to
jaded old hacks like me its refreshing to read you speaking so well of the
product. Having got used to it I tend only to see what is doesn't do
yet claims to do. However, enough of that cynicism.
I do not know of any feature that allows
you to "flag" a security that you have a position in. I can only
suggest that when you take out a position you move that security into a
separate list or folder (create a long folder and a short folder) and
then run your "close position" explorations against securities in those
folders. A bit long winded but really only a couple of clicks within
downloader once you have the folders set up.
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