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Re: Telescan, a new level of incompetence



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<DIV><FONT color=#000000 size=2>I'm going with AIQ and their new data, support, 
free upgrades, 20 min delay quotes etc.&nbsp; The $60 isn't bad when you 
consider you save a couple of hundred on the new release.&nbsp;</FONT></DIV>
<DIV><FONT color=#000000 size=2>At the eom Telescan is history.&nbsp; I have 
heard Telescan and QP are talking but I'm not going to hold my 
breath.&nbsp;</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Jan Robert Wolansky &lt;<A 
    href="mailto:jrwolansky@xxxxxxxxxxx";>jrwolansky@xxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Tuesday, November 03, 1998 8:06 AM<BR><B>Subject: </B>Re: Telescan, a 
    new level of incompetence<BR><BR></DIV></FONT>Have you heard that AIQ will 
    start reading QP data?&nbsp; I'd be surprised. 
    <P>Alton Stephens wrote: 
    <BLOCKQUOTE TYPE = CITE>&nbsp;<SPAN class=560514402-03111998><FONT 
        face=Arial><FONT color=#0000ff><FONT size=+0>I am going to dump Telescan 
        and Worden Bros like hot potato once Advanced GET and AIQ start reading 
        QP data.&nbsp; I have &quot;lived&quot; with Telescan garbage for 
        several years now.&nbsp; Looking forward to dumping Worden too but not 
        as much as Telescan.</FONT></FONT></FONT></SPAN>&nbsp;&nbsp; 
        <P><FONT size=-1>Al Stephens</FONT> <BR><FONT 
        size=-1>astephen@xxxxxxxx</FONT>&nbsp; 
        <BLOCKQUOTE 
        style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
            <DIV class=OutlookMessageHeader><FONT face="Times New Roman"><FONT 
            size=-1>-----Original Message-----</FONT></FONT> <BR><FONT 
            face="Times New Roman"><FONT size=-1><B>From:</B> 
            owner-metastock@xxxxxxxxxxxxx [<A 
            href="mailto:owner-metastock@xxxxxxxxxxxxx";>mailto:owner-metastock@xxxxxxxxxxxxx</A>]<B>On 
            Behalf Of</B> Bill Saxon</FONT></FONT> <BR><FONT 
            face="Times New Roman"><FONT size=-1><B>Sent:</B> Monday, November 
            02, 1998 9:04 PM</FONT></FONT> <BR><FONT 
            face="Times New Roman"><FONT size=-1><B>To:</B> Metastock, EMail 
            List; Fasttrack, EMail</FONT></FONT> <BR><FONT 
            face="Times New Roman"><FONT size=-1><B>Subject:</B> Telescan, a new 
            level of incompetence</FONT></FONT></DIV><FONT color=#000000><FONT 
            size=-1>If there are any other poor fools out there are still using 
            Telescan I am curious if you are having the same problem I am.&nbsp; 
            They have gone from delivering faulty data to, in addition,&nbsp; 
            delivering no data on selected stocks, i.e. they don't recognize the 
            symbols.&nbsp; I had forty one in tonight's download.&nbsp; I refuse 
            to believe all these companies went out of business or changed their 
            symbol.</FONT></FONT>&nbsp;<FONT color=#000000><FONT size=-1>I had 
            the same problem Friday and tried again Sunday to reload.&nbsp; For 
            some reason I thought they may be trying to fix the problem.&nbsp; 
            All to no avail.</FONT></FONT>&nbsp;<FONT size=-1>Come the end of 
            the month I am out of there.&nbsp; I don't want to be the last man 
            standing.</FONT>&nbsp;<FONT color=#000000><FONT 
            size=-1>Regards,</FONT></FONT>&nbsp;<FONT color=#000000><FONT 
            size=-1>Bill Saxon</FONT></FONT> <BR><FONT color=#000000><FONT 
            size=-1><A 
            href="mailto:bsaxon@xxxxxxxxxxxxxxx";>bsaxon@xxxxxxxxxxxxxxx</A></FONT></FONT></BLOCKQUOTE></BLOCKQUOTE>&nbsp; 
</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Nov 03 06:30:20 1998
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From: "Jeff Ledermann" <j.ledermann@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Linear Regression system
Date: Tue, 3 Nov 1998 23:40:19 +1000
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All,

Here's a system that works.  Its no holy grail but with a little
common sense you'd be hard pressed losing money with it.
Steve posted it a while back (his "lumber" gif) so I can hardly
take credit for the idea, but I think the system is so profitable
that I felt I really ought to champion it a bit. I would characterise
it as being a fairly aggressive short term system, so not everyone's
cup of tea.

I have added a stochastic crossover to its exit which gets it
out just that little bit earlier sometimes.  I find that to get the
best signals there is no point in optimising over too long a time
frame (yea I know I'm going to get flamed - heretic, unbeliever)
so I pick a period back where the security doesn't change
character too much and reoptimise if something dramatic happens.

Another trick is to initially optimise coarsely over a very wide range
and select intermediate results that appear to be heading for the sort
of trades that you'd like to see (not always the most profitable). Often
there are many profit peaks and if you initially optimise over too small
a range you won't see the best version for that particular security.

I attach the optimised formula as an Expert to securities that I follow.
The Buy signal is uncanny and the first few times you really wonder
about your sanity.

Enter Long
Cross(opt2,ForecastOsc(O,opt1))

Close Long
Cross(ForecastOsc(O,opt1),opt3) OR
Cross(Mov(Stoch(opt4,3),opt5,S),Stoch(opt4,3))

Check out my last few trades on ANZ here
http://www.uq.net.au/~zzjleder/metastock/anz.gif

Jeff
=====================
mailto:j.ledermann@xxxxxxxxx