|
PureBytes Links
Trading Reference Links
|
This from Jose, on the main failures of mechanical systems:
"You use an indicator which uses future periods to determine its value (zig zag indicator is a perfect example)"
That would make anything based on this suspect at best, and likely to produce results that are too good to be true.
Simple.
--- On Wed, 11/25/09, Doji <dojistarbullish@xxxxxxxxx> wrote:
> From: Doji <dojistarbullish@xxxxxxxxx>
> Subject: Re: [EquisMetaStock Group] Re: MS 11 Pro with ZIGZAG in indicators
> To: equismetastock@xxxxxxxxxxxxxxx
> Date: Wednesday, November 25, 2009, 3:37 PM
> All the adaptive indicators in MS11
> use the ZIG function. Zig is
> forward-look and backtested results using it are not valid
> for trading
> purpose.
> Simple.
>
> pumrysh wrote:
> >
> > Bryan,
> >
> > Discussions about the dynamic nature of the zig-zag
> and their cousin
> > peak and trough indicators have gone on in this and
> other forums for
> > years. Most people decided to drop their use at that
> point in favor of
> > indicators that were valid and could be used in real
> life trading.
> >
> > Any indicator or system developed using these dynamic
> indicators
> > should be openly identified so that you can make an
> informed decision
> > about your technical analysis tools.
> >
> > Spyros Raftopoulos did produce a set of indicators
> that were somewhat
> > usable back in 2002 but even his work required
> validation which he
> > openly admitted. A great deal of that work was
> conducted on the "old"
> > Yahoo MetastockUsers group and there were a number of
> experts who
> > weighed in on the problem at the time. As I remember
> Jose(no longer a
> > member here) was only one of them. Others were Roy
> Larsen and Henry
> > Kaczmarczyk. Spyros went on to publish his work in
> TASC. You can find
> > some files about this in our files section.
> >
> > As for Thomas' statement that MS11 indicators use the
> zig indicator, I
> > cannot verify this. Joo Seng did point out earlier
> that All
> > "MS11-Adaptive xxx" indicators use the Cycle method
> and are based on
> > the zig zag. It should be a simple task to verify this
> yourself unless
> > the indicators are password protected. I would also
> think that Equis
> > would be upfront about the disclosure if it were the
> case.
> >
> > Realize also that Thomas did mention his use of
> "adaptive" indicators
> > and as Super has pointed out the question is what are
> these indicators
> > adaptive to.
> >
> > Hope this helps,
> >
> > Preston
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx
>
> > <mailto:equismetastock%40yahoogroups.com>, "mr.
> bryan mccormick"
> > <deepfoobar@xxx> wrote:
> > >
> > > Wow. Well if this is true, I am not sure what use
> they could be. A
> > zig-zag is a backward looking indicator. As many
> people have written
> > in the past, not the least of them Jose Silva, systems
> based on
> > zig-zag will give nonsense results because of this
> backwards look. I
> > am not sure if Jose is still active. Perhaps I have
> this wrong. He
> > would be the correct person to comment.
> > >
> > > --- On Tue, 11/24/09, joo seng
> <jooseng6@xxx> wrote:
> > >
> > > From: joo seng <jooseng6@xxx>
> > > Subject: Re: [EquisMetaStock Group] Re: MS 11 Pro
> with ZIGZAG in
> > indicators
> > > To: equismetastock@xxxxxxxxxxxxxxx
>
> > <mailto:equismetastock%40yahoogroups.com>
> > > Date: Tuesday, November 24, 2009, 1:00 PM
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > Â
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > All "MS11-Adaptive xxx" indicators using Cycle
> method are based on
> > zig zag.
> > >
> > > --- On Wed, 25/11/09, superfragalist
> <no_reply@xxxxxxxxxx s.com> wrote:
> > >
> > > From: superfragalist <no_reply@xxxxxxxxxx
> s.com>
> > > Subject: [EquisMetaStock Group] Re: MS 11 Pro
> with ZIGZAG in indicators
> > > To: equismetastock@ yahoogroups. com
> > > Date: Wednesday, 25 November, 2009, 1:19 AM
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > Â
> > >
> > >
> > >
> > >
> > >
> > >
> > > I've looked at the formula's for most of the
> indicators and I don't
> > recall any of them being based on zig zag formulas.
> Maybe I missed one.
> > >
> > >
> > >
> > > They have prev statements in them which slow them
> down to the point
> > where they have limited use, especially on intraday
> charts, but that's
> > about it.
> > >
> > >
> > >
> > > How an adaptive indicator performs is based on
> what it is adapting
> > too? Volatility, moving averages, money flow, etc.
> There are many ways
> > to program adaptive indicators.
> > >
> > >
> > >
> > > Super
> > >
> > >
> > >
> > > --- In equismetastock@ yahoogroups. com,
> "thomas12ng" <thomas12ng@
> > ...> wrote:
> > >
> > > >
> > >
> > > > Hi,
> > >
> > > >
> > >
> > > > I am surprise that the recent development in
> metastock 11 is
> > somewhat twisted.
> > >
> > > >
> > >
> > > > After reviewing the indicator builder
> components (where all names
> > start with MS11 ; they must contain ZIGZAG parameter
> as their
> > proprietary arrangement. ) I feel sad about this set
> back. Mainly with
> > the indicator quality. I have monitored a few
> hypothetical porfolio
> > which system build based on these compenent vs. my own
> indicator from
> > a reliable "adaptive" indicator. The result is totally
> very very bad.
> > >
> > > >
> > >
> > > > I truly have no idea who was the genius
> author behind these
> > repaint indicator.
> > >
> > > >
> > >
> > > >
> > >
> > > > Just a quick suggestion: to those who try to
> develop system as
> > based on MS11 custom indicator just abandon it!!!
> > >
> > > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > New Email names for you!
> > >
> > > Get the Email name you've always wanted on the
> new @ymail and
> > @rocketmail.
> > >
> > > Hurry before someone else does!
> > >
> >
> >
> >
> >
> > __________ Information from ESET NOD32 Antivirus,
> version of virus
> > signature database 4632 (20091124) __________
> >
> > The message was checked by ESET NOD32 Antivirus.
> >
> > http://www.eset.com
>
>
>
> __________ Information from ESET NOD32 Antivirus, version
> of virus signature database 4632 (20091124) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
> equismetastock-fullfeatured@xxxxxxxxxxxxxxx
>
>
>
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
equismetastock-digest@xxxxxxxxxxxxxxx
equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|