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Walter,
Do you have any techniques for identifying market inefficiencies that you
would be willing to share with us?
Tom
At 09:47 AM 11/5/1999 -0500, you wrote:
>Hi Daniel and others
>
>You wrote "... the average full-time trader wants to make money ..."
>
>The questions arises, does studying TA, developing systems, learning Elliot
>Waves make money? I don't think so.
>
>It is an identified market inefficiency that makes the money for you. If you
>trade where there is no identified market inefficiency, no amount of
>programming, TA, study etc. will make money for you. Unfortunately that is
>the case with most traders and Metastock users.
>
>Once a market inefficiency has been identified, often very simple analytical
>tools will be used in the trading system. Then there is lots of time for
>programming and automating the system.
>
>Learning to program is necessary, I believe, because with most of the market
>inefficiencies that I have seen traders trading, there are usually no
>publically available programs.
>
>Unfortunately, all the retail charting programs point the new investor /
>trader into the promised land of TA and not towards discovering market
>inefficency areas that the professional traders base their business on.
>
>Best regards
>
>Walter
>
> -----
>From: Daniel Martinez
>To: metastock@xxxxxxxxxxxxx
>Sent: Thursday, November 04, 1999 10:08 PM
>Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock 7
>
>
>I concur. Learning to program is a complicated process. I don't want to
>put a damper on the celebrations here, but becoming proficient at
>programming could take up to a year. That is, of course, if you were to
>spend at least 2 hours a day on VB. It's hard enough to learn how to
>program in VBA, now we are expected to program in full VB? I think not.
>Maybe when I'm not full-time trading, not system testing, not learning new
>TA methods, not learning Elliot Wave...
>Fact is, the average full-time trader wants to make money, not learn how to
>program VB. I think a more efficient route would be for Equis to create a
>program similar to RadarScreen to track large numbers of stocks in realtime.
>I have been tracking a (much smaller) group of stocks delayed and this is
>definitely a way to spot moving stocks during the day.
>Just my 2¢,
>Daniel.
>
>Walter Lake wrote:
>Don
>What you say makes perfect sense ... the installed base of VB and Excel is
>huge. What is this "Power Basic" nonsense to mainstream users ... just more
>"not really being helpful stuff" to confuse and complicate the issue?
>Let me know when your program is ready. I'd be glad to work with someone who
>is trying not "trying".
>Best regards
>Walter
>
>
>
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