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Dear friends
I am very interested to the ICE add on for Metastock by adaptick.
www.adaptick.com
I saw the video presentation
(http://www.adaptick.com/flash/ice_intro.htmland ) and it looks a
good tool. but I have some doubts.
The process consists of three main steps.
First, for any stock you are interested you have to look for the
best 4 V indicators (Velocity, Verticality, Volatility, Volume)
between 81 indicators they seem offer to you.
After that you'll indicate in a web based page these indicators and
their values. After few minutes you'll receive by email a first
optimized system.
Then you'll test this system again with a new simulation, and you'll
comunicate on the same web based page the new values.
Finally they'll post you the definitive system with special Experts
that will indicate how to stay in the market with that particular
trade.
What is not clear is how they balance the four indicators you have
selected. What kind of criteria do they use ?. Is it just a
statistically criterium, because they apply it only to your
optimitation and not dependently on the specific stock. They say in
fact that you can use ICE for any market and also for Forex or mutual
funds . Is not all this too much generic ?
Have you tested this apparently good "add on" ?
Have you really obtained "robust systems", as they call them ?
Thanks for an opinion
John
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