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You are right on. In any field the practitioner usually does what's
convenient for them and not what the user wants and needs.
A few years back the project manager for a large software program told me
that his biggest challenge was getting the programmers to make the program
user friendly, instead of easy for the programmers.
If the project managers for TA programs knew how to identify market
inefficiencies, they'd be a lot richer than they are.
Lionel Issen
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, November 05, 1999 8:47 AM
Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock 7
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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