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Patrik Tan, Please give some feedback as to how this "ICE" works for you. It will be a big help to those of us who are thinking about it. Marshall
-------Original Message-------
From: equismetastock@xxxxxxxxxxxxxxx
Date: Wednesday, October 22, 2003 9:51:54 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Link for New MS Add-on Reviewed
Thanks... Just ordered ICE...
Appreciate your contribution to this user group...
Warm Regards
Patrick Tan
----- Original Message -----
From: manohohman
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 10:43 AM
Subject: [EquisMetaStock Group] Link for New MS Add-on Reviewed
http://www.adaptick.com/This is the link to adaptick.JO--- In equismetastock@xxxxxxxxxxxxxxx, Keith McDonald <kmcdonald@x...> wrote:> Patrick Tan wrote:> > > Hi ,Just wonder if it works on MS 7.2 or MS 8.0Please let me know.> >> > ----- Original Message -----> > From: manohohman> > To: equismetastock@xxxxxxxxxxxxxxx> > Sent: Thursday, October 23, 2003 8:27 AM> > Subject: [EquisMetaStock Group] New MS Add-on Reviewed> > I just got an early release copy of a new MS add-on> > called ICE.> >> > Before reviewing the product, here's a disclaimer for all> > the> > conspiracy theory compulsives out there. I have no> > involvement with> > either Equis or Adaptick, the company who produces the> > program. I'm> > not married to the sister of someone who works for either> > one of> > them, and nobody there is my cousin. They don't send me> > birthday> > cards with money inside, and so far neither of company has> > even> > bought me a hot dog.> >> > The product's name is ICE, which tells you absolutely> > nothing about> > the program. I will say this: I REALLY LIKE THIS ONE!> >> > I haven't said that often about any add-on but this time,> > I really> > got my money's worth out of it.> >> > ICE is a specialized system tester program that takes 72> > indicators> > and divides them into four relatively uncorrelated> > categories. The> > indicators in each category can be tested on and optimized> > for, any> > group of stocks in any time frame.> >> > What this product does is save huge amounts of time and> > energy when> > building and testing trading systems.> >> > All trading systems need some kind of indicators. However,> > if you are> > going use two, three or four indicators, each indicator> > should be> > measuring something different. For example, if you like> > RSI and> > Stochastics, fine. Just don't put both of them in your> > system because> > you are essentially measuring the same thing with both> > indicators.> >> > Both are momentum indicators. RSI measures closing price> > relative to> > the previous close, and Stoch measures closing price> > relative to the> > range. This might sound different, but they're too closely> > correlated> > to be very effective when used together.> >> > In the ICE program both of these are considered velocity> > indicators.> >> > The point of having different indicators is to increase> > the> > probability of a good trade by increasing the amount of> > NEW> > information provided by each indicator. If the indicators> > are too> > similar—measuring essentially the same thing—the> > combination only> > marginally increases the probability of making a better> > trade. If the> > indicators are sufficiently different, then the new> > information makes> > a larger and more important contribution to the increase> > in> > probability of a good entry or exit point.> >> > However, that's not the end of the story. Even if you have> > indicators> > that have very little colinearity (okay, take deep> > breathes—it means> > they're measuring the same things—i.e. Points on a> > straight line.)> > there is still the issue of how well any given indicator> > works on a> > group of stocks.> >> > In a good trading system all the indicators give good> > signals on the> > stocks being traded, and they are distinct enough to> > provide sound> > entries and exits when used together.> >> > (I need to pause for a moment to make a small point> > outside of ICE.> > With indicators, more is not merrier. The best trading> > systems keep> > it simple. As you add more and more indicators to a> > system, the law> > of diminishing returns sets in and JO's law of paralysis> > takes over.> > If you use more then 3 or 4 indicators, it gets> > progressively harder> > to make decisions based on what you're seeing. Half the> > time you> > won't even know what you're seeing, much less what to do> > about it. So> > basically---KEEP IT SIMPLE!!!!)> >> > After installation, ICE is fully integrated with the> > systems tester.> > You pick a couple of indicators in a category, test the> > indicators on> > your stocks to see which ones perform the best, and then> > optimize> > them. The optimizations are also fully integrated, so you> > don't have> > to do any programming at all.> >> > Once you have the optimized indicators, you set them up on> > chart with> > a stock and play around a bit with the settings. This how> > I like to> > customize. My eyeball tells me things that a mechanical> > optimization> > program can't even deal with. Once that's complete, you> > move to the> > next indicator in the next category.> >> > After awhile you will have three or four indicators, one> > from each> > category, that fit you, your stocks and your system. They> > will have> > little colinearity, they will have excellent probability> > of> > generating good entry and exit points and you will be well> > on your> > way to having a really good trading system.> >> > No, the program doesn't test chaos theory, Elliot cycles,> > fractals,> > or hypocycloids of four cusps. This is a good thing> > because it has> > been proven over and over, the best systems use the simple> > time> > tested indicators--and that's it. Two moving averages and> > some common> > sense will out perform the stuff I just mentioned. Okay,> > don't email> > me about how good Elliot cycles are and how much you love> > them, etc,> > etc. Elliot was stranger than Elvis, and Elvis didn't know> > anything> > about trading stocks. That's all I need to know about> > Elliot and> > Gann.> >> > This program won't help you write rap music, or find> > exotic patterns> > in the futures markets, but it will save you tons of time> > and money> > trying to come with a system that works.> >> > Here's a real life example—mine. I have written and> > developed two> > really, really good systems. (No, I won't give them to> > you. No, I> > won't sell them to you. Don't bother!) But like all> > Americans (and> > the Chinese too), I'm never happy with what I have, so I> > wanted a> > third one that did something that my first two didn't. My> > original> > systems gave very accurate entry and exits signals but> > they didn't> > tell when I should be piling more money into what looked> > like a good> > trend. While it's not possible to tell how long a trend> > will last, it> > is definitely possible to tell when a particular trend is> > stronger or> > weaker. In other words, when should I risk more or risk> > less.> >> > I started working on the system a couple of weeks ago, and> > went about> > solving the problem of when to increase my trade risk> > first. After> > that was solved, the indicators that I added initially to> > the system> > seemed to perform only so, so. After getting ICE, I read> > the manual> > (which is still a work in progress, but since none of you> > seem to> > read manuals anyway that shouldn't be a problem), sat down> > at the> > computer and in less than two hours finished the system.> > I've set it> > up, traded with it, and I'm pleased to say---I LOVE THIS> > SYSTEM, I> > REALLY LOVE THIS SYSTEM. Next week I'm going to buy it a> > three stone> > diamond ring, I love it so much. Now, if it could only> > tell me it> > loved me back!> >> > If I had had this product a few years ago, it would have> > saved me> > hundreds of hours in system development and testing time.> > That was> > such grinding work, I had days when I thought I saw> > Elvis—sorry I> > mean Gann.> >> > You know the only thing that could be better than this is> > if I could> > tell you it was FREE, FREE, FREE! That is, after all, your> > favorite> > word. Alias, it's not. BUT ALMOST.> >> > If you buy it before the official release date, it's only> > $99 instead> > of $299. Well, hold my hand, I can't believe it. It's> > true, and I> > will tell you I would have paid many times that amount for> > all the> > time and energy it would have saved me when I first> > started> > developing my own systems.> >> > You can read about it at www.adpatick.com.> >> > I guess before I finish I need to confess. No I'm not John> > Slauson,> > the guy who wrote ICE. Yeah, I know JO is really similar> > to JS—at> > least to some of you Sherlock Holmes want-ta-be's. Given> > the millions> > of possible name combinations JO and JS aren't even> > remotely> > related.> >> > My confession is about cycles. I do rely on some cycle> > information.> > You can find it at> > http://www.fourpillars.net/finance/predic.html.> > This is the most accurate cycle information I've ever> > seen. If you> > don't believe me, use it for awhile. You'll see. I've> > named my dog> > Yang.> >> > JO> >> > PS Some of you know I recommend John Clayburg's book Four> > Steps to> > Trading Success. John has developed a very sophisticated,> > effective,> > yet easy to use set of indicators based on the RSI, Stoch> > and %R. It> > would seem that these have too much colinearity to be> > effective. Doc> > Clayburg has solved that problem through the use of time> > frames. Time> > frame combinations can over come colinearity problems, but> > it's too> > sophisticated for most system developers to deal with so I> > won't go> > there, except to say Clayburg's system does not suffer> > from the> > problems I have described above.> >> >> >> >> >> >> > To unsubscribe from this group, send an email to:> > equismetastock-unsubscribe@xxxxxxxxxxxxxxx> >> >> >> > Your use of Yahoo! Groups is subject to the Yahoo! Terms> > of Service.> >> >> > Yahoo! Groups Sponsor> ADVERTISEMENT> [click here]> > >> > To unsubscribe from this group, send an email to:> > equismetastock-unsubscribe@xxxxxxxxxxxxxxx> >> >> >> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.> > this link won't workTo unsubscribe from this group, send an email to:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! Groups is subject to the Yahoo! Terms of Service. To unsubscribe from this group, send an email to:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! 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