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<I>John E Bush wrote:</I>
<BLOCKQUOTE TYPE=CITE><I>I am not aware of anyway to do this within the
MetaStock program itself, at</I>
<BR><I>least not version 5.11 As you mention, you are actually displaying
3</I>
<BR><I>separate charts.</I>
<BR><I>I don't think there is a way to advance 3 charts with one click.
Nice idea</I>
<BR><I>though.</I>
<BR><B><I>You could use a macro.</I></B><I></I>
<P><I>john</I></BLOCKQUOTE>
Am I missing something ... is there a macro capability in Metastock ? I
use ver 6.5 and thought you had to go to external third party software
to achieve macro (eg repetitive task) functions ?
<BR>Someone please let me know if I am missing something. Best regards
... Martin</HTML>
</x-html>From ???@??? Tue Jan 13 22:10:41 1998
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From: "Rick Mortellra" <rmjapan@xxxxxxxxxxxxx>
To: "Rick Roegner" <oiis@xxxxxxxxxx>
Cc: "MetaStock List" <metastock-list@xxxxxxxxxxxxx>
Subject: Re: Systems-indicators
Date: Wed, 14 Jan 1998 12:08:25 +0900
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Hi Rick,
What you have described is the bane of all traders. There is no 1 optimal
system that works well during both trends and trading ranges. You need
separate systems for each. The trick then becomes recognizing when the
tradable has either reversed its trend or reverts to a range. For that you
need experience in the market and the history of your tradable. For concrete
rule system of when a turn might be happening, violations of a simple price
channel or of a moving average work about as well as anything more complex.
The bottom line is that you'll almost always be caught wrong footed at these
turns and will need to take a loss (usually a big one) to get right. That's
just a business risk you have to accept if you are going to trade and why a
superior money management plan is a trader's highest priority. As long as
your exit rule is clear going into a trade you can quantify your gains and
losses from the trading strategy. That means you can control losses and
still end up winning (provided your system has a positive mathematical
expectation of winning!)
cheers,
Rick
Tokyo, Japan
-----Original Message-----
From: Rick Roegner <oiis@xxxxxxxxxx>
To: metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
Date: Wednesday, January 14, 1998 12:01 AM
Subject: Re: Systems-indicators
>The sky IS blue.
>
>But I've seen problems with the transition from sideways to trending
>patterns. The issue I have is the inefficiency of a trading system during
>this transition; as with the S&P from '94 into '95.
>
>For instance, to keep it simple, Bollinger bands might work well in a
>sideways pattern, while a moving average might work OK in an uptrend. It
>is the transition which causes problems.
>
>I've tried using volume indicators to determine this transition, but they
>also seem to lag. Also other indicators which are supposed to determine
>trend. The problem being that a trend is not a trend until a certain
>amount of time has passed, meanwhile your system is on an OUT and still
>following the previous pattern as with the S&P into '95.
>
>I am developing an interest in divergences between an indicator and an EMA
>of the close that might not lag so much. Also log based indicators like
>TRIX. Anyone with experience in this area?
>
>
>The other issues were poorly explained. I was trying to determine the
>average overall methodology used for designing a trading system. You could
>totally "channel" the price series with some rules written out in Metastock
>code as I've tried to do OR you could also have a set of "verbal" rules not
>written in code, but found by observing various indicators. Which is the
>more typical method used? Or is a combination usually used?
>
>In many cases, when using Metastock, I've found that writing specific code
>to describe suspected "realities" can be difficult, though if you succeed,
>you can then optimize. Also, I usually try to design most formulas so that
>the greatest range of possible values or relationships between indicators
>can be optimized, in order to let the computer do some of the work. Problem
>here is that you have to see or suspect something before you can describe
>it. Also you can't reference 2 price series in the same system test that I
>know of.
>
>Any ideas or thoughts on these great matters?
>
>
>At 10:23 PM 1/12/98 -0800, you wrote:
>>Rick Roegner wrote:
>>>
>>> I've noticed that whenever I design & optimize a trading system (or the
>>> same for an indicator) in Metastock, that in various areas over the data
>>> history, the system or indicator does not work so well.
>>>
>>> Has anyone devised a method to adjust a system or indicator over the
price
>>> history during these "weak" spots; let alone possibly into the future
price
>>> history?
>>
>>I've found that it takes different kinds of systems to be profitable in
>>different kinds of markets. You might want one for strong up trending
>>periods, another for range trading and maybe another for down trending.
>>
>>Depends on what works for you. IMHO
>>
>>Regards... John
>>
>>
>R. Roegner
>
>
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