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I did the same thing as Guy. My "ZigZag system" was uncanny. When it sunk
in that something this good couldn't be true (a day or two later), it took
me about an hour to understand exactly how the ZigZag was responsible for my
"nearly perfect system".
Dan
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, October 13, 1999 5:35 PM
Subject: RE: Zig-Zag indicator
>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
>
>
>
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