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Tim,
You might want to check out the Monocle program as an adjunct to mutual fund
trading/investment. It's unique -- to me at least -- in that it provides
spreadsheet like rankings of funds (in addition to price charts) on a rich
variety of criteria. It does "screen" and does provide "mechanical" trading
system capability.
I just started using the program recently -- still in the evaluation stage
actually -- but if you're doing funds, I think the ranking facility is
neat. Also allows backtesting of trading systems; less sophisticated than
Metastock, but it can add a perspective of relative performance that would
be more difficult with Metastock. Haven't tried stocks as yet, but it
could be used for them too.
A couple of sites devoted to Monocle are:
http://www.manhattanlink.com They sell the program and mutual fund data.
http://www.AchieveProfits.com/Advisors/achieveprofits/ He writes a monthly
letter about ways to use it for trading.
I would be interested in your comments on their approach to fund trading.
Leo
Tim Gadd wrote:
> I've noticed that a few participants on this list (Bill Saxon, Chris
> Baude) use Metastock to trade mutual funds. Have either of you (or any
> others) set up Metastock explorations that you find useful for fund
> selection?
>
> I finally purchased Metastock after having used Window on Wall Street
> for a couple of years. With WOW I mainly used basic price pattern
> analysis with a few standard indicators to make my selections. With the
> capabilities of Metastock, I plan to start tracking more funds and would
> like to incorporate more mechanical means of screening
> for potential buy candidates.
>
> Any suggestions?
>
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