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Jose,
You sure didn't look far. How
about looking at a few of your countrymen's sites that
"borrowed" a butt-load of my stuff: Paritech and Guppy? Do you
know Rick or Daryl? Give 'em my regards next time you see
them.
I'll always allow my certified track record to
speak for itself. If you insist of nitpicking my code writing abilty...you
win. I'm a complete code dolt. But, that's a good thing. The
best code writers I know (double and triple-degreed engineers), are also
the worst traders I know. God giveth and god taketh
away.
In the attachment that I sent to the forum, I have
offered six formulae that are profitable in real time (providing you implement
the proper rules). How can you possibly argue the effectiveness of this
system? Maybe I should encourage the four dozen metastock users, who
hang in my room, to join this forum. Won't it be fun when they start
to explain their day to day trading, using MS, and my formulas. They will
all make full disclosure about: favorite approaches, among the six-pack, and
post their daily profits/losses. Just think, Jose, you can criticize these
people for being successful traders using my work. Ask any of them when
they all show up next week: Did Steve ever charge you for a formula or
system?
I am dying to know one thing: Do you have any
documented trading statements and would you be willing to share your system and
track record? I can't wait to see it. Also, do you promise to be
nice to all the new MS users the forum will be hosting next week (I can cause a
crowd to gather)? I'm sure, they will all find your comments
amusing.
Take care,
Steve
----- Original Message -----
Sent: Friday, December 03, 2004 5:44
PM
Subject: [Metastockusers] free means no
$
Well, Steve old boy, I've searched far and wide,
and I can't seem to
find much of your work available for free. I've
found a lot of hype
though.
Your site:
http://www.thedailytrade.com/
PaySite.
"Check
out the Denver Trading Group: http://www.denvertradinggroup.
com/
the largest trading group in the world."
PaySite.
"All I'm
saying is that nobody has to pay anything for indicators or
trading
systems."
You don't need to say that here because... this is *not* a
PaySite.
"BTW, check out all the promotional goodies that Equis
sends out to
their prospective clients (the video). Recognize any of the
frontmen/
women?
Yes, a freebie - but somehow I doubt this
self-promotional video is
going to help anyone improve their
trading.
"I give it all away ... for free."
Ok, let's take a
look at this little free gem, a simple variation of
Standard Deviation
histogram, with your name attached to it.
{Bollinger Band Histogram
Karnish}
((C+2*Std(C,20) - Mov(C,20,S)) / (4*Std(C,20)))*4 - 2
For
someone that preaches simplicity, it beats me why you've cluttered
up the
MS code with unnecessary
complexity:
(C+Std(C,20)-Mov(C,20,S))/Std(C,20)-1
Creating useful
indicators is not about making them more complex, but
more useful to the
potential trader.
The oscillator above could be improved a tad by
introducing adjustable
inputs (not everyone trades the same style), a more
"natural" -
100~+100% range (allows direct comparisons between different
charts),
and self-adjusting overbought/oversold levels (not every chart
has the
same volatility & trend
characteristics):
---8<----------------------
pds:=Input("Std Dev
periods",1,252,20);
x:=(C+Std(C,pds)-Mov(C,pds,S))/Std(C,pds)-1;
Osc:=(x-Lowest(x))
/(Highest(x)-Lowest(x)+.000001)*100;
avg:=Cum(Osc)/Cum(IsDefined(Osc));
pk:=Ref(Osc,-1)=HHV(Osc,3)
AND
Ref(Osc,-1)>avg;
pkv:=ValueWhen(1,pk,Ref(Osc,-1));
Osold:=Cum(pkv)/Cum(IsDefined(pkv));
tr:=Ref(Osc,-1)=LLV(Osc,3)
AND
Ref(Osc,-1)<avg;
trv:=ValueWhen(1,tr,Ref(Osc,-1));
Obought:=Cum(trv)/Cum(IsDefined(trv));
Osold;Obought;Osc
---8<----------------------
Personally
from a trader's point of view, I see nothing exceptionally
helpful about
this choppy oscillator. I doubt you need to worry about
this one
being hijacked by the black box brigade.
The point here is, that code
at this level of simplicity should be
freely available, and not hidden
behind paysites.
Steve, prior to your hijacking of this thread for
your own self-
promotion, a very useful site that has useful MS code freely
available
was mentioned. No password or subscription is needed to
obtain any of
the very useful indicators there, and it just happens that
the site's
owner has most likely given away more "free stuff" and more of
his
time, than everyone else put together in this
usergroup.
MetaStock Tips & Tricks - Free stuff, no promotional
videos, and a
very useful monthly MetaStock newsletter.
http://www.metastocktips.co.nz/
jose
'-)
--- In Metastockusers@xxxxxxxxxxxxxxx,
"CedarCreekTrading" <kernish@xx
..> wrote:
> Jose,
>
> The difference is that all my work is given away for FREE.
>
Check out the Denver Trading Group:
> http://www.denvertradinggroup.com/
>
the largest trading group in the world.
>
> Every month,
for the last three years, I am the moderator of the
mechanical SIG group
(100+, every fourth Thursday). Each and every
month, there is a
powerpoint presentation that is archived at the DTG
site. Every
month, I present a mechanical system that I trade "live"
in real
time. The Mirus E-Mini track record is just a small part of
the
overall trading program (but, it is a system with absolutely no
custom
indicators and of course, dozens of people have printed these
trades in
their accounts). Also, we advise institutions and
brokerage
houses around the globe. You ought to tune into the "live"
twenty
minute morning update.
>
> All I'm saying is that nobody has to
pay anything for indicators or
trading systems. I give it all away
... for free. I know that pisses
off charlatans and system
hustlers...but so be it. I don't put you in
that category
Jose. But, before anyone buys anything, from anybody,
they should
investigate what is around .... for free.
>
> BTW, check out all
the promotional goodies that Equis sends out to
their prospective clients
(the video). Recognize any of the frontmen/
women? Damn, one of
those guys is sure good looking (and I ain't
talking about Oliver or
Bob).
>
> Take care,
>
> Steve
>
>
----- Original Message -----
> From: Jose
> To:
Metastockusers@xxxxxxxxxxxxxxx
> Sent: Friday, December 03, 2004 9:28
AM
> Subject: [Metastockusers] Re: Xmas is here early
>
>
>
> Steve,
>
> "Since these unsolicited,
solicitations keep showing up in my
> mailbox..."
>
> You'd
better direct my mail to your spam box, because I'm unlikely
> to stop
at this one. The trader's educational market is rife with
> scams,
and it is highly unusual to find genuinely useful material,
> free or
otherwise.
>
>
> "First of all, I've been using MS since
1988 and have developed very
> simple approaches to the market.
NOT TOOLS, simple approaches based
> on STANDARD pulldown
indicators."
>
> No tools. Good for you.
> But
perhaps you are in the wrong usergroup.
>
>
> "Using the
Chande Momentum Oscillator..."
>
> This could be considered a
trading tool, and so could MetaStock.
>
>
> " http://www.thedailytrade.com/
"
> "Daily Trade subscribers start each day with our Morning
Market
> Update and Morning Market Call - indispensable tools that
help
> investors set their daily, short, intermediate and long term
market
> biases."
>
> Oh, so you do use TOOLS...
<:-I
>
>
> " http://www.mirusfutures.com/cct_log.asp#041130
"
>
> Looks like a tips sheet to me.
> I guess no trading
tools needed here.
>
>
> "Nobody is using MetaStock with
the stealth precision that is
> practiced by the group of traders we
have gathered."
>
> Pfff... :D
>
>
>
"If you want to experience a "out-of-body" trading experience....
> join
us in our hotcomm room: Teach Talk Trade."
>
> Thanks, but
I'd prefer to keep my feet firmly on the ground for now.
>
>
> jose '-)
>
>
>
> --- In
Metastockusers@xxxxxxxxxxxxxxx, "CedarCreekTrading"
>
<kernish@xxxx> wrote:
> Jose,
>
> Since these
unsolicited, solicitations keep showing up in my
> mailbox...I guess
this forum is open to "suggestions" on how to
> spend your hard earned
cash.
>
> First of all, I've been using MS since 1988 and
have developed very
> simple approaches to the market. NOT TOOLS,
simple approaches based
> on STANDARD pulldown indicators. Using
the Chande Momentum
> Oscillator I have been trading for dozens of
people and the ACTUAL
> track record is at:
>
> http://www.mirusfutures.com/cct_log.asp#041130
>
> If you seek a place where the majority of the people use and
>
exchange information about MetaStock...I would check out:
>
> http://www.thedailytrade.com/
>
> If you want to experience a "out-of-body" trading
experience....
> join us in our hotcomm room: Teach Talk
Trade.
>
> Nobody is using MetaStock with the stealth precision
that is
> practiced by the group of traders we have gathered.
>
> Take care,
>
> Steve
>
> ----- Original
Message -----
> From: Jose
> To: Metastockusers@xxxxxxxxxxxxxxx
> Sent: Friday, December 03, 2004 7:38 AM
> Subject:
[Metastockusers] Xmas is here early
>
> I've just had the
privilege of previewing a pre-release version of
> the December issue of
Roy's MetaStock Tips & Tricks newsletter, and
> if you are a
subscriber, you are in for a nice surprise.
>
> In my view, this
is the best issue yet published, with articles on
> the System Tester,
user-input Explorations, and more.
> A new set of articles on filtering
relative strength explorations by
> a professional trader puts the icing
on the cake.
>
> I better not say much more, except that I have
no financial
> connection to Roy's newsletter. Apologies to Roy
for "jumping the
> gun", but it's not often that I get excited by
educational material
> (of the highest calibre in this case).
>
> If you haven't been here yet, now is your chance:
> http://www.metastocktips.co.nz/
>
>
> jose '-)
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