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Walter,
You got it exactly right!! There is more to trading than just technical
analysis. MetaStock cannot create a chart like yours (Thanks for sharing
it),
but what I do think is possible now with MetaStock 7 is an ability to
create custom indicators based on things other than just Open, High, Low,
and Close data. What do I mean? Perhaps signals could be generated by
mathematical probabilities and/or money management rules. These Idea's
could be combined with the technical to form a trading system. Of course
I want to resume some past technical Idea's that were abandoned because
of MetaStocks language barriers.
You wrote: "I'm certainly out of my depth in the many language
areas."
Walter, don't under estimate yourself.........your a sharp guy.
Adam
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, November 08, 1999 10:45 AM
Subject: Re: Why is everyone down?
> Hi Adam
>
> Excellant post. I'm certainly out of my depth in the many language areas.
My
> own irritation comes from "things not getting simpler" fast enough.
>
> You wrote ... "I know many of you are saying "Use Microsoft Excel",
perhaps
> I will when Microsoft improves Excel's poor charts....until then......."
>
> Metastock, I think, is an excellent charting program. Excel, although it
can
> chart stocks and other tradeables, will never compete in that area. It
does
> however, have a rich variety of charts to compensate for it's lack of
depth
> in the indicator and charting area.
>
> Metastock is so good at what it does that my concern is that it keeps
> traders focused on technical analysis to the exclusion of other types of
> analysis.
>
> In my own experience, Excel's strength is in number crunching. For example
> the program that I'm writing can extend/expand my "core data" columns
into
> 20+ extended analysis columns plus 10 or 12 additional charts at the touch
> of a button. The enclosed chart is not as rich as a Metastock stock chart
> but equally valuable to me in this particular area of analysis. The
comments
> in yellow were added later to discuss the strategy with another trader.
>
> Best regards
>
> Walter
>
>
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx
> Sent: Sunday, November 07, 1999 9:06 PM
> Subject: Why is everyone down?
>
>
> I understand why everyone is disappointed about Visual Basic not being
one
> of the
> supported languages......but lets think about this for a moment. Many of
the
> users
> on this list are programming in VBA NOT VB, and I don't think Microsoft
has
> ever
> intended to use VBA for compileing .EXEs or .DLLs ..... am I right? So
that
> means
> many would need to do the minor switch to VB if it was supported. Equis
may
> have
> been able to have MetaStock support VB, but chose to support a Microsoft
> Win32s standard....to me this gives the USER many options of programming
> language.
> VBA and VB has (as Ton mentioned) a wide user base.....but by using the
> Win32s
> standard they are opening a door for third party development which widely
> uses the
> C++ language. Now if Visual Basic (created by Microsoft) is not compliant
> with
> this "Win32s" standard (also created by Microsoft) then who is also to
> blame?
>
> Lets analyze this from a different perspective......lets suppose that
> MetStock somehow
> supported VB but, there were no other languages supported. Who is to say
> that with
> the next release of Visual Basic that MetaStock 7.0 could use the new
> added/changed
> features of VB? So we would be waiting for a MetaStock patch/upgrade. But
> with
> the Win32s standard this shouldn't be a problem .If the next version of VB
> supports the
> Win32s...then most of the complaints will be void.
>
> It has been mentioned about the cost of MetaStock + MetaStock External
> Function
> + PowerBasic = 700 or more dollars. If MetaStock supported Visual Basic,
how
> much
> would this total package cost? I think not including the MetaStock
External
> Function
> with the charting package is good for the CONSUMER because not everyone is
> interested in developing there own code....so should they be required to
pay
> the extra
> cost for adding it with the software?
>
> Most of you know that I am not affiliated with MetaStock nor are they
> asking me
> to promote there product, I am just glad to see this code limitation that
> MetaStock
> had, being addressed. This will be a much better option than the 2000
dollar
> TradeStation.
> I know many of you are saying "Use Microsoft Excel", perhaps I will when
> Microsoft
> improves Excel's poor charts....until then.......
>
>
> Adam Hefner
>
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