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Hello Bill,
>Ton, Please share the fruits of your investigation. I speak as one who has been burned in the past.
Well join the "club". Me too and thats why I have also given more opions:
apart from S&C and TAM, also like the ones from the of other 'worlwide' users(known as testimonials)
as can be seen on their website, knowing on forehand to also pin right through these, eg anyone
could have written them.
>> >From reading S&C's John Sweeny's(Aug98) and TAM's Jan van Gemeren's(Oct98)
>> reviews and from doing experimental time on the working demo + from watching the
>> very 'fast' autodemo myself , I can say that I'm quite impressed. Enough to futher
>> continue on with these experimentals to get far 'deeper' into it.
This ofcourse is no guarantee as to the program(s) to come up with the right results, eg to do
"the right" forecasts, outcomes or waves counts/displays.
The program at least "in handling and oparating" is very slick and smooth and comes with great
help-files. This for me is a must with any program. Also the fact that its not a "black box" program,
a proper look under the bonnet(eg the Wave Inspector) is easy possible.
As such, on me buying Metastock for the first time, this to me is also a MUST.
If a programs pre-set oparations are not giving me true or proper results, or if they are to be
bettered or if I just want to do my own thing, I want to have the possibilities to be there:
---- ready for me------- to make these and any of the right/other changes and as such
'set that program to my hands'.
Both MS and ELWAVE give the user these required choices, eg custom or own wave counts.
>> For the moment have seen enough to put this program on the top of my "next things
>> to get list"(Last one was the recently bought Edwards & Magee book on StockTrends,
>> highly recommended by other Listers, i.e. recently pointed out by + also thanks Steve K.).
Considering the price of the standard first program, the Basic, this is quite a different peace
of cake in regards to GET and alikes, of wich, when disappointed, a mere 2,000 U$ is poured
down the drain.
As far as I know, GET is a black-box program and doesn't alow for any users personal input(s).
ELWAVE's Basic-EOD costs 245 U$, is user friendly, learns and gets along easy, and alows
for the by me personaly desparately required user inputs.
This apart from the end results given in programs like GET, Winwaves etc.
(I'm not knocking these programs down, as lots of others do get the by them required properly
'good' results).
>> Here it will end up to be a Twin program along with co-TA-program Metastock, in using it
>> alongside one another as true complementory additionals, as each have their own unique
>> features / reasons for any of their usage and very important, sharing the same MS database.
Well see their info-files, the reviews, their help-files and above notes.
All that for 245 U$ as starters.
I recommend for anyone -upose to what I did: starting right out with their working demo- to first
to read S&C's review, then to read through the (one of their beautyfull) Help-file(s) and then to
run and lean back and to watch the very fast rolling Automatic demo.
Lean back, use the spacebar to stop/continue the demo and let it all sink in, eg relate from this
distance to the program, eg as in how it functions, is build up, how it calculates waves/targets
and how these calculations can be checked upon(Wave Inspector), etc..
Then start using the working demo, and like they said on their website "Get into the feel of 4.1".
As a beginner, I still have to adjust to the program, wich ofcourse is quite natural, just 'only'
smooth "beginners" operating in Metastock did take me 6 months to achieve.
But I am very pleased in what I saw happening and also as how it was displayed, of wich all of
that can be set right to my own "standards" if & when nessecary(see above).
Future program expansion, i.e. towards custom (formula) indicator building, is also on its way.
OLE linking is now possible, price forcasts are made, exit levels determined, cycle modes are
presented, R/R ratios given, extensive easy use Tutorials in program use and waves counts,
switch in true Elliot Waves or their own 10years of experiencing the waves is included, etc etc.
TOO, MOST of the above IS DONE AUTOMATICALLY..........................
What more can I desire?
I'll be by then finaly getting left up with the by me urgently required more spare time, used before
to do other usefull things, eg in relation to research, holidays etc.
Metastock was suggested to me by EBAS, main TA software importers here in the Netherlands.
I went for MS, not for SC or WFW$, of wich were in the same price class, mainly because of
personal adjustments that when needed could be made at any time, easy and smooth 'open'
operating, high quality etc.
As such consider ELWAVE in the same catagorie and on top to fullfill the TA-parts(mainly
Automatic forecasts and the Ewaves) that MS is lacking out on.
Best regards,
Ton Maas
-----Oorspronkelijk bericht-----
Van: Bill Saxon <bsaxon@xxxxxxxxxxxxxxx>
Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: vrijdag 16 oktober 1998 3:44
Onderwerp: Re: ELWAVE
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