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Walter,
I too have read with interest what you have written. Can you elaborate
to the group your theories on market inefficiencies. If not, possibly by
e-mail? jzilaiti@xxxxxxx
-----Original Message-----
From: Al Taglavore <altag@xxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Friday, November 05, 1999 12:27 PM
Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock 7
>----------
>> From: Walter Lake <wlake@xxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock
>7
>> Date: Friday, November 05, 1999 8:47 AM
>>
>> 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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