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Ron,
Van Tharp's book "Trade your way to financial freedom" provides one of the
best conceptual discussions of what makes up a good "system" that I have
read. It doesn't matter whether it is based on indicators or stricktly
price and volume, every system must include certain components and Mr.
Tharp's book addresses these components in turn. The book is 30 dollars or
so and was well worth my money.
Dan
>From: "Ron Scott" <ron@xxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: Learning Metastock
>Date: Thu, 10 Aug 2000 17:52:56 -0600
>
>Guy, and all the other experienced users-
>
>With all the discussion on the list of general trading principles from
>experienced traders, I wondered if any of you might take a few minutes to
>point a newer user of Metastock in the right direction. I'd like to be able
>to build and program my own trading system and indicators; so don't worry,
>I
>don't need you to reveal the workings of your secret systems. Just some
>basics. Maybe you could share a few basic type indicators or systems.
>
>Do most of your build your own indicators, or do you use the ones provided?
>Much discussion has been had about buy and sell signals...but I have seen
>no
>specifics. Guy, you talk about this a lot. Can you tell me what you are
>using to generate these?
>
>It took me my first 2 months just to get this program to stop crashing, and
>now, I can use it to the extent of seeing very good charts and doing chart
>pattern analysis with volume and some canned indicators like RSI. I look
>at
>different time frames, use volume, etc. But I know I'm missing something
>probably a lot of something, or a lot of somethings. Frankly, I'm lost.
>
>Any help would be appreciated.
>
>Sincerely=
>
>Ron Scott
>
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