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"...mathematical probabilities and/or money management rules"
Now you're talking!
Money management rules should be incorporated in the testing process but
does Metastock still buy/sell the Full Position (ie the dollar value of the
account).
Metastock doesn't even have a random() function to test the random entry
system.
The system I want to test is;
Wait a random amount of days.
Enter Long if random(100) > 50.
Enter Short if random(100) < 50.
Then follow the trend with a MM stop.
The Random function is the FIRST thing I will be writing for V7.
Michael Samerski
Metronome Trading Systems Pty Limited
email : michael@xxxxxxxxxxxxxxxxxxxxxxxx
www : http://www.metronome-trading.com.au
> -----Original Message-----
> From: Adam Hefner [mailto:vonhef@xxxxxxxxxxxx]
> Sent: 9 November 1999 13:55
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Why is everyone down?
>
>
> 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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