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<DIV><FONT size=2>Barry,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>There are two main alterations to the system as it was printed
in TASC. The first is the use of a momentum indicator in conjunction with
the crossover of a fear level. Walter suggested using the Directional
Movement Index (DI), and I have incorporated that into the system. For
some equities, the DI does not seem to be particularly relevant; however, I
require a minimal value of 5 in conjunction with the crossover. The
highest DI level used is on EMC Corp. at 12 so I would suggest that you can
probably get away with using 5 to 15 for your optimization. The use of the
DI, even at minimal levels, seems to help cut down on whipsaws, so I never enter
on a crossover of a fear level unless that crossover is confirmed by the
DI.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>The other change I can actually take credit for, and it was
confirmed by Walter Downs. I noticed when testing the system on Mindspring
that time periods longer that 12 improved the performance of the system.
Walter wrote me that the use of 12 time periods as published in TASC was a
mistake, and he'd tried to inform the editors of TASC of this but the change
never made it to the article. So when I test a system, I optimize (there's
that word again), the time periods between 10 and 50 days. I've found that
most of the really strong performers have relatively long optimal time
periods. I think it is because these issues tend to make really big moves
when they take off, and the longer time periods put enough lag into the system
to enable you to take advantage of that without being taken out of a move
prematurely based on intra-rally corrections. At the same time, I've
watched some holdings move up 30% or so over the course of a month only to
reverse and give back most, all or more of the gains before triggering the
sell. I've tried several methods to initiate quicker trade exits, but all
have been detrimental to the system results. If you can find a better
method to exit these trades, I'm all eyes so please let me know.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>A word about optimization. I'm aware of the arguements
against optimizing systems and the dangers of curve fitting. However, I
feel that in this system it is fair to optmize the time periods for the
individual equity. The reason is that all equities, much like people have
their own individual personalities and quirks. This system is based solely
on the price action of the stock and does not involve things like volume, or
overbought/sold, or bands or other fancy indicators. Its really an
amazingly simple system when you dig into it. For this reason, I do not
believe that I've over optimized the system. If I'm wrong, you guys will
be the second to know.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I hope you find this useful</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Good Trading</FONT></DIV>
<DIV><FONT size=2>Jeff</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>Barry Marx <<A
href="mailto:bmarx@xxxxxxxxx";>bmarx@xxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, October 09, 1999 1:19 AM<BR><B>Subject: </B>Re: In lieu of
crash(trash) talk<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 face=Arial size=2>Jeff,</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT><FONT face=Arial
size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2>Could you describe what Walter Downs' suggested
modifications to the system were?</FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Thanks,</FONT></DIV>
<DIV><FONT face=Arial size=2> Barry</FONT></DIV>
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</x-html>From ???@??? Sat Oct 09 07:43:48 1999
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From: "Dan" <w4tq@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Version 7.0 Pro - upgrade NOT $200
Date: Sat, 9 Oct 1999 06:12:30 -0400
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<DIV><FONT color=#000000 size=2>I think the verbage at the Equis upgrade site
says "save up to $200".</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>$899 - $699 =
200</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>Dan</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>José Carlos Duarte Areia <<A
href="mailto:jcdareia@xxxxxxxxxxx";>jcdareia@xxxxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, October 09, 1999 12:54 AM<BR><B>Subject: </B>Re: Version 7.0
Pro<BR><BR></DIV></FONT>
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<DIV name = messagebody>Try <BR><BR><A
href="http://www.equis.com/upgrade/";>http://www.equis.com/upgrade/</A>
<BR><BR>Good lucky <BR><BR>JCarlos <BR><BR><BR>
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<TD>From: "Ed Hancock" <<A
href="mailto:ehancock@xxxxxxxxxx";>ehancock@xxxxxxxxxx</A>>
<BR>Reply-To: metastock@xxxxxxxxxxxxx <BR>To:
<metastock@xxxxxxxxxxxxx> <BR>Subject: Re: Version
7.0 Pro <BR>Date: Sat, 9 Oct 1999 13:30:37 +1000
<BR><BR>Could you tell me where, please. <BR>Equis are
making me a special offer (as a valued customer who has
been <BR>upgrading since Ver.2.0) to upgrade for US$699
instead of the usual <BR>US$899.00 <BR>At THAT price,
Equis, brace yourself. <BR>----- Original Message -----
<BR>From: <POMPATIS@xxxxxxx> <BR>To:
<metastock@xxxxxxxxxxxxx> <BR>Sent: 08 October,
1999 9:01 AM <BR>Subject: Re: Version 7.0 Pro
<BR><BR><BR>> upgrades to 7.0 are 200 dollars.
<BR>> <BR>> km <BR>>
<BR><BR></TD></TR></TBODY></TABLE></DIV></FONT></TD></TR></TBODY></TABLE>
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</x-html>From ???@??? Sat Oct 09 07:43:56 1999
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Date: Sat, 09 Oct 1999 14:16:36 +0200
From: Lars Andersson <Lars.Andersson@xxxxxxxxxxxxxxxxx>
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Subject: Re: DLLABARRE In lieu of crash(trash) talk
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Status:
You just click the button organize in the expert dialogwindow and follow the instructions. Then you can export and import
what ever you want.
Best regards.
Lars Andersson
dllabarre@xxxxxxxxx skrev:
> List,
>
> Is there any easy way to "import" an expert into MetaStock?
> I created an expert that I want to send to a friend to add to his MetaStock
> program without having to key in all the formulas and alerts.
>
> I know how to "trick" MetaStock:
> using MS explorer determine the last expert name-number assigned in your
> c:/program files/metastock/expert folder
> open MetaStock and add a new expert but do not enter any of the formulas
> close MetaStock
> determine the "new" expert name-number assigned to this new expert using MS
> explorer
> delete the new expert file
> rename the file I set to this new expert name-number
> open MetaStock and the expert you just added will have all my formulas and
> alerts.
>
> This is very UNuser friendly. There must be a way in MetaStock to import
> experts!
>
> Thanks for your help,
> Don
>
> A "New MetaStock programmer"
> Web e-commerce developer
> Visual Basic 6.0
> SQL 7.0
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