|
PureBytes Links
Trading Reference Links
|
Hi Angel
I just wanted to make sure you didn't do what I did a few years ago. I
was playing around with the standard MS indicators and started looking
at ZigZag (without reading the manual, naturally).
I developed this fantastic system that was running 100% correct trading
everything. I thought I had found the Holy Grail. <G>
Called my dad, the resident technical guru and told him about it. He
about fell off his chair laughing and told me to go back and read up on
the indicator. That's when I discovered that I had developed an
indicator with 20/20 hindsight. At least I hadn't trading any real
money yet (the good news) but felt really stupid having spent so much
time playing with it (the bad news).
Anyway, I dropped playing with that indicator at that time, and really
don't have the detailed formula. Is it in the MetaStock manual?
Regards,
Guy
Fax (630) 604-1589
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Angel Ibarra
Sent: Wednesday, October 13, 1999 12:22 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Zig-Zag indicator
Dear Guy,
I know that, but the idea is to use this indicator to make stock
selection.
I have made a system in Metastock, using Zig-Zag, to obtain a more
realistic Maximum Profit System. I have observed that the earnings of
any
other good system are, more or less, a fracction of the results of this
system, and this fraction seems to be more os less constant. Let me
explain
better: If I run this system in several stocks and I get that stock A
has
earnings of 100% , stock B has 10%, and stock C has 150% indicates to
me
(better: maybe indicates) that there is somewhere a system able to
produce
around 50%, 5% and 75% of earnings, but no more and for each stock the
system can be different.
I have made a few test in Metastock, but now I am trying to traslate the
system to Excel and I am not sure about the formulation of the
indicator.
Regards
Angel
Attachment Converted: "c:\eudora\attach\smime3.p7s"
|