[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[EquisMetaStock Group] Help with Metastock.



PureBytes Links

Trading Reference Links

------------------------------------------------------------------------
You cannot reply to this message via email because you have chosen not
to disclose your email address to the group.

To reply:  http://groups.yahoo.com/group/equismetastock/post?act=reply&messageNum=5796
------------------------------------------------------------------------

There are some excellent educational sources available for 
explorations and formulas, all free.

The place that I would start is the Formula Book in the group "Files" 
section.  It's a 144-page "book" but it's a fast read and 
exceptionally instructive about how to build formulas and then 
combine them to give you really powerful tools.  I've been using 
Metastock for years and never realized how powerful a piece of 
software even my way-outdated version was until I read this book.

Next, in this group's "Links" section, check out the links to "guppy 
traders" and "stock central."  You can find custom formulas for a 
wide variety of indicators that you can copy and paste, combining 
them any way you want.  Also, the "stock central" link has an 
excellent forum, especially if you get stuck writing a tricky piece 
of code and need some help.

This link:

http://www.traderclub.com

is one I just stumbled onto the other day, and it's devoted mainly to 
system trading.  They sell systems, of course, but you can also get a 
free bond-trading system from them (downloadable), with all the code 
and documentation.  Personally, I think it's a great educational tool 
to be able to look at the inner-workings of a system like that and 
see "how they did it," especially when they also tell you a bit about 
how it performs under varying conditions.  (Not a testimonial:  I 
never tested it myself, I'm just remarking on its instructional 
value.)

As to the data (historical and daily updates), that's a VERY mixed 
bag, and really depends on your needs.  Personally, I use nothing but 
free data from over the Internet, download it into an Excel 
spreadsheet, then copy and paste whatever I need to over into 
Metastock.  But I specialize, don't need or want dozens or hundreds 
of quotes, and the only decades-old data I'm interested in is the 
SP500 Index.  (Yahoo! has quite a bit of historical stock and index 
data for free, but I've noticed some accuracy problems from time to 
time.)  Massive amounts of historical data on all kinds of things is 
available for a fee, and an Internet search of something 
like "historical stock data" should find you a source.

As to the actual trading, the EASY part is finding a good method and 
a good market to trade.  The HARD part is SITTING STILL and doing 
NOTHING until there is a CLEAR opportunity.  I think that's the 
single most-important concept in trading, but it won't fill a book 
that can be sold for $29.95 so you'll never see it anywhere.:)))
  

Luck,

Sebastian


To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx

 

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/