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will let you know once i received it.
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----- Original Message -----
<DIV
>From:
M Smith
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 11:14
AM
Subject: Re: [EquisMetaStock Group] Link
for New MS Add-on Reviewed
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width="100%">
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: <A
href="">equismetastock@xxxxxxxxxxxxxxx
Date: Wednesday,
October 22, 2003 9:51:54 PM
To: <A
href="">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
<DIV
>
----- Original Message -----
<DIV
>From:
<A title=no_reply@xxxxxxxxxxxxxxx
href="">manohohman
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003
10:43 AM
Subject: [EquisMetaStock Group]
Link for New MS Add-on Reviewed
<A
href="">http://www.adaptick.com/This
is the link to adaptick.JO--- In <A
href="">equismetastock@xxxxxxxxxxxxxxx,
Keith McDonald <<A
href="">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: <A
href="">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> > <A
href="">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:>
>
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