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Re: Bill Williams' Profitunity indicators



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<DIV>Hi Glen,</DIV>
<DIV>&nbsp;</DIV>
<DIV>No I didn't test them that way and don't have a copy of the book 
handy.</DIV>
<DIV>I was at borders last Saturday having coffee and was reading the book, 
</DIV>
<DIV>so I decided to fire-up my laptop and plug them in while reading the 
book.</DIV>
<DIV>&nbsp;</DIV>
<DIV>I would very much like to see the system you coded for MS...</DIV>
<DIV>Do you know how to use the Formula Organizer Wizard in MS?</DIV>
<DIV>If so, export the system test to a Ms65form.dta file and I will copy 
it</DIV>
<DIV>on to my system. (This is always the best way to a system via e-mail)</DIV>
<DIV>&nbsp;</DIV>
<DIV>Best Regards, Matt</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- 
  <DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A 
  href="mailto:gcwallace@xxxxxxxx"; title=gcwallace@xxxxxxxx>Glen Wallace</A> 
  </DIV>
  <DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxxxxxxx"; 
  title=metastock@xxxxxxxxxxxxxxxxxx>MetaStock listserver</A> </DIV>
  <DIV><B>Sent:</B> Tuesday, February 09, 1999 11:13 AM</DIV>
  <DIV><B>Subject:</B> Re: Bill Williams' Profitunity indicators</DIV></DIV>
  <DIV><BR></DIV>
  <DIV><FONT color=#000000 size=2>Matt:</FONT></DIV>
  <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
  <DIV><FONT color=#000000 size=2>You mentioned that you tested the Awesome 
  Oscillator and Acc/Dec.&nbsp; I did so as well, and was disappointed by the 
  results until I realized these indicators are essentially money management 
  tools to signal an add-on to an existing position.&nbsp; The fractal buy and 
  sell signals, however, signal the initial entry.&nbsp; It was with this that I 
  got interesting results.</FONT></DIV>
  <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
  <DIV><FONT size=2>Did you do any testing of the fractal buy and sell 
  signals?</FONT></DIV>
  <DIV><FONT size=2></FONT>&nbsp;</DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Matt Bowen &lt;<A 
    href="mailto:bowenarrow@xxxxxxxxxxxxxxx";>bowenarrow@xxxxxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;; <A 
    href="mailto:metastock@xxxxxxxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxxxxxx</A> 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>February 9, 1999 07:11<BR><B>Subject: </B>Re: Bill Williams' Profitunity 
    indicators<BR><BR></DIV></FONT>
    <DIV>
    <DIV>Hi Glen,</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>I also tested the indicators for Bill's new book:</DIV>
    <DIV>(click on book to go to Amazon)</DIV>
    <DIV><A 
    href="http://www.amazon.com/exec/obidos/ASIN/0471295418/o/qid=918569909/sr=2-1/002-5562221-8310228";><IMG 
    align=baseline 
    src="cid:018c01be5450$98430b00$97151cd8@xxxxxxxxx";></A>&nbsp;</DIV></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>IMO, the book reads well and the concepts are sound...</DIV>
    <DIV>However, after testing the system It's not the holy grail, in fact 
    you</DIV>
    <DIV>could use a Moving Average system with DMA's that will produce 
    about</DIV>
    <DIV>2X greater profit. I tested the Awesome Oscillator alone and 
    combined</DIV>
    <DIV>Awesome with the Acc/Dis on the test...</DIV>
    <DIV>I'm not knocking the book, in fact it's a good book that will help many 
    </DIV>
    <DIV>new traders understand (or at best show them) what it takes to produce 
    </DIV>
    <DIV>a winning system. The bottom line on Bill's new concepts...</DIV>
    <DIV>They are profitable over a wide margin of stocks in database of 
    all</DIV>
    <DIV>NYSE, AMEX and NASDAQ stocks...</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>Best Regards, Matt</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>----- Original Message ----- 
    <DIV>
    <DIV>From: Glen Wallace &lt;<A 
    href="mailto:gcwallace@xxxxxxxx";>gcwallace@xxxxxxxx</A>&gt;</DIV>
    <DIV>To: &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxxxxxx</A>&gt;</DIV>
    <DIV>Sent: Monday, February 08, 1999 8:51 PM</DIV>
    <DIV>Subject: Bill Williams' Profitunity indicators</DIV></DIV>
    <DIV><BR></DIV>&gt;My first post here.&nbsp; I'm quite new to this 
    listserver, so this is probably a<BR>&gt;&quot;been there, done that&quot; 
    but ......<BR>&gt;<BR>&gt;Is anyone interested in comparing notes on Bill 
    Williams' Profitunity<BR>&gt;system?&nbsp; I wrote the Formula Language code 
    for most of the New Trading<BR>&gt;Dimensions indicators and did some pretty 
    extensive walk-forward testing of<BR>&gt;the fractal buy and sell 
    signals.&nbsp; Interesting results and I think there is<BR>&gt;something 
    there&nbsp; --&nbsp; maybe not the Holy Grail, but perhaps a nice, 
    pewter<BR>&gt;grail.<BR>&gt;</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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