If you join
the ICE group and trawl very patiently through all the postings history you
will learn a good deal – not only about ICE but systems developing in
general.
The only sure
way to develop reliable systems that you can trade with confidence is to learn about
the complete process yourself. That involves, at some stage, learning
how to code in order to overcome some of the shortfalls of ICE. However, ICE
can (and does for me) provide a useful starting point when looking to build a
new system from scratch. The basic philosophy behind it is sound – that of
indicator diversification – and the program provides an extensive list of
system tests. Those alone are worth the small price tag…if only to save
you time in reading up & coding them yourself. To learn how to use them
effectively is a story for another day…but you can get a good idea where
to start from the postings.
If I was
starting out again as a beginner I would turn straight to ICE….and then
to Roy’s
newsletter. Both would have helped save me a lot of time, stress and money whilst
I was wallowing at the bottom of my learning curve.
From:
superfragalist [mailto:jackolso@xxxxxxxxxxx]
Sent: Friday, December 31, 2004
5:03 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re: Has
someone used the ICE add on by Adaptick ?
You should join the group I mentioned and tell
them you got poor
results. They can help you fix the problem.
Poor results on the test samples is not a drawback
to ICE. There are
other issues but that shouldn't be one of them.
I've run 160 stocks
through it, and I can't say I've had the same
problem.
I don't trade with it because I've got systems I
have developed that
out perform it, but for newbie's with no
programming ability, it's
not a bad way to learn.
--- In Metastockusers@xxxxxxxxxxxxxxx, Gary D
Moore <garydmoore@xxxx>
wrote:
> I purchased the first version and also the
upgrade. I have never
had any
> success with it. Its is supposed to
make a trading system for a
particular
> stock or group of stocks but I found it time
consuming and then
when it
> made the system, its results were poor.
For me it was money
wasted. Good
> luck.
>
> At 08:02 AM 12/30/2004, you wrote:
>
>
> >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>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
> >
> >
> >
> >
> >Yahoo! Groups Sponsor
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>
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> >
> >
> >
> >----------
> >Yahoo! Groups Links
> > * To visit your group
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> > *
> >
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> >
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> > *
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> >
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