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By "creating" these indicators I learn about the markets. When I create
them on my own I learn more about the indicators and how they work in
different markets. Markets and "rules" (for lack of a better word) change
and in today's markets they change very quickly. I use this as a learning
experience and not a money loosing experience hopefully. We keep reading
books to educate ourselves why can we not "read" new indicators.
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Nicholas Kormanik
> Sent: Friday, April 23, 1999 11:12 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Some indicators should work....
>
>
> "traders spend much too much time creating indicators. None of these
> indicators in the long run will give you more than a 50:50 chance
> at making
> money."
>
> I find it hard to believe that various indicators don't perform
> better than
> others. Take the MACD, for instance. I think it would yield
> greater than a
> zero return over time, if used properly.
>
> Haven't you found *some* indicators that you have developed confidence in?
>
> Thanks,
> Nicholas
>
>
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