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Re: Metastock- conversation with Alan McNichol



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I spent 6 SOLID weeks writing the system from hell - and then 3 years part time
improving it.  As the system got better and better (with new formulas available in
later MetaStock releases) I lost the ability to test across multiple securities.

Visually this system looks like a license to print money.  And it has paid for
itself with real trades.

Now my only hope to know if this system is commercially profitable in the LONG RUN
(30 yrs?) is to hope that MetaStock makes this feature available before the Cdn
Loonie sinks to the equivalent of the Italian Lira or the Russian Rubble.  At the
speed the Loonie is dropping I calculate MS has about six months to deliver the
feature before $100cdn equals $1US (if panic selling does not occur).  Or I could
just move to the US.

Alton Stephens wrote:

>
>
> [3]     Because of my personal interest in the subjects, we discussed at some
> length SYSTEM TESTING ACROSS MULTIPLE SECURITIES and DATA FORMAT issues.  As
> to multiple security system testing, Mr. McNichol said only OmniTrader and
> the old program Trading Recipe truly had [or have] this feature fully
> implemented.  I don't really understand this subject like I should, but I
> believe he said that true multiple security system testing means testing
> across the whole portfolio and optimizing the entire portfolio as well as
> individual securities, ands that some programs like WoW [I have no
> familiarity with WoW] don't really do this- they run something more like an
> exploration after optimizing on one security.  Part of this process is also
> the optimization of stops, and Equis wants this feature in the software then
> first time around.  They are working diligently on this[multiple security
> system testing] and it will be implemented in the PRO version as soon as
> this is practicable,  The regular program may never have it because the cost
> couldn't reasonably be recouped.  But this is something of an open question
> at this time, I think.
>
>
>
> Al Stephens