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<DIV><FONT face=Arial size=2>Charley, </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>When Bill Williams first offered his software as
a demo I took a look at it and dupplicated the indicators in metastock.
I applied it to end of day data and really couldn't find a way that it could
be profitable. This certainly could have been my failings, but I chucked
it all after being very excited about it initially. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2> I would like to find out that I was wrong
and that I should revisit his method. Your being able to tell me that
you are making real money with it and have done so over a significant period
would go a long way to making me a believer. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Could you give this testimony?
</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Thanks so much,
Steve</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 20 22:09:33 1999
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From: "Craig Monroe" <cmonroe@xxxxxxxxxx>
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\"RealTraders Discussion Group, .\"" <realtraders@xxxxxxxxxxxxxxx>
References: <3.0.32.19991219161946.0182fe80@xxxxxxxxxxxxxxxxxx> <385DB34A.ED11DF1D@xxxxxxxxx>
Subject: [RT] Re: Midas for Metastock
Date: Mon, 20 Dec 1999 18:35:10 -0600
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Status:
Below is code for MIDAS intraday support.
var: cumpv(1), cumv(1),MIDAS((H+L)/2);
input: stdate(currentdate), startme(1145);
{Enter start date in yymmdd format.}
IF DATE = STDATE THEN CONDITION1 = TRUE;
IF CONDITION1 = TRUE AND TIME = STARTME THEN CONDITION2 = TRUE;
IF CONDITION2 = TRUE THEN BEGIN
cumpv= LOW*(UPTICKS+DOWNTICKS)+cumpv[1];
cumv= (UPTICKS+DOWNTICKS)+cumv[1];
if date>= stdate then
MIDAS = cumpv/cumv;
plot1(MIDAS,"MDS");
end;
Jim White
PIVOT Research & Trading Co.
ALSO
----- Original Message -----
From: ROBERT ROESKE
To: Jim White ; realtraders@xxxxxxxxxxxx
Sent: Wednesday, November 03, 1999 7:45 PM
Subject: Re: Midas Info.
OK. First, my AOL email address is no longer in use. Correct address is
bobrabcd@xxxxxxxxxxxxx I examined the code and it appears to be similar to
mine. It verifies and plots the same as my end of day code except that it
initializes at the Low rather than the (H+L)/2 of the first bar. Another
version referencing the High could be made for use with resistance lines.
The best thing to do to understand the code is to download the 18 or so
monographs on the approach. After reading them you may still be confused
with it, especially the top finder. The author is deceased and his partner
no longer supports or sells the orignial software. As in fibonacci, if it
works, use it. Attached is one chart I look at daily in conjunction with
Ben's composite breadth oscillator. If price has found support at a Midas
line and the composite breadth oscillator is oversold then you have a pretty
good odds of a buy signal. If price is approaching a support or resistance
line and the breadth oscillator is not oversold, then the support will
probably not hold. Other oscillators could also be used in conjunction with
the support lines. Picking the initalization points is the trick to having
something useful. Lines that go back years are found as support in current
data. For example note the cyan and blue lines in the attached chart
originating last fall have influence on support this fall. Also notice how
the green line caught the lows and now highs in fairly decent fashion. Will
post a few more charts on the Midas approach shortly.
BobRoeske
----- Original Message -----
From: Jim White
To: realtraders@xxxxxxxxxxxx
Sent: Wednesday, November 03, 1999 6:37 PM
Subject: Midas Info.
Many of you asked details of the MIDAS approach. First understand that Some
time back , someone requested a TS 4.0 coding of the MIDAS S&R. I agreed to
try it and the results are what I posted. I am not an expert in the use of
MIDAS but have desired the TS tool so I could investigate it's use. The
expert on this on this list is BobRabcdef@xxxxxxx so speak up Bob.
A complete set of 18 articles describing the methodology can be reviewed as
follows:
Go to
http//www.winmidas.com
You should end up at Sandiego.com site. Under "Visit the sites on our
server" select Investment Center. Scroll down to the articles. They are
worth copying and studying
Jim White
PIVOT Research & Trading Inc.
----- Original Message -----
From: JerryS <zaz@xxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, December 19, 1999 10:40 PM
Subject: [RT] Midas for Metastock
> I think Jim White posted the code for the Midas indicator for metastock
> a while back. Does anyone have it? I would appreciate a copy if
> possible.
> Thanks,
> Jerry S
>
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