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Thanks, Kevin. Some how I lost that in his presentation but it rang
bells when reading your email.
Ed
Kevin Howard wrote:
>
> Hi,
>
>
>
> I really only wanted to say how much I enjoyed and how
> much I got out of the Steve Karnish Webinar which I sat through twice
> also. It really opened up a few issues for me. So thank you Steve and
> Metastock.
>
>
>
> Ed, I do not want to answer for Big Papa, but as an
> interim response to your question, Steve is using the Enhanced System
> Tester in Metastock to establish the optimal buy and sell levels for
> his Oscillators. You will know that typically the RSI is plotted with
> two horizontal lines at 30 and 70. and a buy is signalled, under this
> set up, when the close falls below the 20 level and then breaks back
> above it. Similarly a sell is indicated when the close goes above 70
> and then falls back below it, or at least that is my understanding.
>
>
>
> Now Steve is cleverly in my opinion using the Opt
> function in the System Tester to establish what these thresholds i.e.
> 30 and 70 should be for his preferred indicators for individual
> stocks. So when he talks about say a level of 45, that is his bottom
> horizontal line which when crossed above represents a buy and
> conversely 55 (100-45) is his upper horizontal line which when the
> Close falls below that, represents a sell.
>
>
>
> At least that is my understanding and I would welcome
> being corrected if I have it wrong.
>
>
>
> Anyway I hope this is of some help help Ed, and again
> congratulations to Steve and Metastock for a great Webinar.
>
>
>
> Kevin
>
>
>
> *From:* equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx] *On Behalf Of *Ed Morrison
> *Sent:* Thursday, 5 February 2009 3:33 AM
> *To:* equismetastock@xxxxxxxxxxxxxxx
> *Subject:* Re: [EquisMetaStock Group] Re: Steve's Webinar and Optimization
>
>
>
> Hi Big Papa,
>
> If it is not to much to ask, would you mind explaining #2. I do not
> understand what is being discussed here. I sat in on the webinar but
> did not understand what he was doing with this.
>
> Thanks,
>
> Ed
>
> Big Papa wrote:
> >
> > Seems to me, by doing it Steve's way, he accomplishes two things:
> >
> > 1. Avoids curve fitting by reducing the dependance on look back
> > periods.
> >
> > 2. Building a system that is more flexible and allows for
> > variations, while trying to capture most of the moves. I was
> > impressed the way he looked at the trigger levels, and found
> > workable levels around 41, 42, 47, 48, etc, and decided to pick 45.
> > I hadn't thought of looking at it that way before. By getting rid of
> > some of the precision, it may actually be more robust and get you in
> > and out of a trade more efficiently.
> >
> > A very well put together seminar, that I learned a lot from. I've
> > watched it twice just to make sure I caught everything.
> >
> > Big
> >
> > -- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> > <mailto:equismetastock%40yahoogroups.com>, pumrysh <no_reply@xxx> wrote:
> > >
> > > All,
> > >
> > > Steve's Webinar was certainly enjoyable. Just wanted to see what
> > > others thought about the way he optimized. Basically he was
> > optimizing
> > > triggers. Recently one of our member's questioned optimizing
> > lookback
> > > periods.
> > >
> > > My own view on optimization is that optimizing triggers is a
> > better
> > > way of using this feature.
> > >
> > > What do you think?
> > >
> > > Preston
> > >
> >
> >
>
>
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