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<DIV><FONT size=2>
<DIV><FONT size=2><STRONG><U>MetaStock FAQ's - series of
Tips</U></STRONG></FONT></DIV>
<DIV><FONT size=2><STRONG></STRONG></FONT> </DIV>
<DIV><FONT size=2><FONT color=#0000ff><STRONG>Tip-1</STRONG></FONT>. : How to
quickly resize the Y- or X-axis scale(s), eg your Chart's view ?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT
size=2> -Place
the mousepointer in the Scale's centre halve</FONT></DIV>
<DIV><FONT size=2>
-Press and holddown the Left-MouseButton</FONT></DIV>
<DIV><FONT
size=2> -Drag
down to narrow Scale</FONT></DIV>
<DIV><FONT
size=2> -Drag
Up to widen Scale.</DIV></FONT></FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT
size=2>-----------------------------------------------------------------------------------</FONT></DIV>
<DIV><FONT size=2><FONT size=2><STRONG><FONT
color=#0000ff></FONT></STRONG></FONT></FONT> </DIV>
<DIV><FONT size=2><FONT size=2><STRONG><FONT
color=#0000ff>Tip-2</FONT></STRONG>. : How do I adjust the Chart's Scale values
? (Using price on the y axis right side).</FONT></FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>In MSK</FONT></DIV>
<DIV><FONT size=2>Click <STRONG>Help</STRONG>|<STRONG>Scale:y-axis
properties:</STRONG></FONT></DIV>
<DIV><FONT size=2>Then <FONT color=#008000><U>Scale</U></FONT></FONT></DIV>
<DIV><FONT size=2>and</FONT></DIV>
<DIV><FONT size=2>Then <FONT color=#008000><U>To change the y-axis
scale</U></FONT><BR></FONT></DIV>
<DIV><FONT size=2>or</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Right click the Y-scale</FONT></DIV>
<DIV><FONT size=2>Click the "Y-scale Properties" tab</FONT></DIV>
<DIV><FONT size=2>Click the Scale tab</FONT></DIV>
<DIV><FONT size=2>For Auto: -</FONT><FONT size=2>Uncheck the Auto settings for
Major Unit and Minor Unit</FONT></DIV>
<DIV><FONT
size=2>
-Type in your own Scale Major and Minor step factor</FONT></DIV>
<DIV><FONT size=2>If requiered, do the same for Minimum and
Maximum.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Use Layouts/SmartCharts/Charts to have these settings
set per security.</FONT></DIV>
<DIV><FONT size=2>(Using the <STRONG>unAuto-ed </STRONG>settings in
your Default Template is not advised).</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#008000 size=2><U><STRONG>Scale</STRONG></U></FONT></DIV>
<DIV><FONT color=#008000></FONT> </DIV>
<DIV><FONT size=2>The <STRONG>Scale </STRONG>page is located in the
<STRONG>Y-Axis Properties </STRONG><EM>dialog window</EM>.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>-Choose <STRONG>Y-Axis </STRONG>from the <STRONG>Format
</STRONG><EM>menu</EM></FONT></DIV>
<DIV><FONT size=2><EM>-</EM>(or <STRONG>right-click <U>on</U></STRONG> an
<STRONG>inner window's <U>y-axis </U></STRONG>and </FONT><FONT
size=2>choose <STRONG>Y-Axis Properties </STRONG>from the
<STRONG>shortcut</STRONG> <EM>menu</EM>).<BR>-Check the box under the
<STRONG>Auto </STRONG>heading if you want the corresponding <STRONG>scaling
control </STRONG>to</FONT></DIV>
<DIV><FONT size=2> be <STRONG>automatically determined by
MetaStock</STRONG>.</DIV></FONT>
<DIV><FONT size=2>-If the <STRONG>Auto </STRONG>box is unchecked, you can
manually enter a value.</FONT></DIV>
<DIV><FONT size=2>
<DIV><FONT size=2>-The <STRONG>y-axis is displayed </STRONG>in
<EM><STRONG>decimal </STRONG></EM>or <EM><STRONG>fractions </STRONG></EM>(e.g.,
eighths, 32nds, etc.) <STRONG>depending on</STRONG></FONT></DIV>
<DIV><FONT size=2><STRONG> the "Units" setting in the security's data
file</STRONG>.</DIV></FONT>
<DIV><FONT size=2>-Use The DownLoader <STRONG><EM>to change the Units setting
</EM></STRONG>(see Adding Securities and Maintaining the
Data).</FONT><BR></DIV></FONT></DIV>
<DIV><FONT size=2><STRONG>Minimum</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Type the <STRONG><EM>Minimum </EM></STRONG>value to display
on the y-axis.<BR><STRONG></STRONG></FONT></DIV>
<DIV><FONT size=2><STRONG>Maximum</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Type the <STRONG><EM>Maximum </EM></STRONG>value to display
on the y-axis.</FONT></DIV>
<DIV><FONT size=2><STRONG></STRONG></FONT> </DIV>
<DIV><FONT size=2><STRONG>Major Unit</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Type the <STRONG><EM>Major Unit </EM></STRONG>to increment
the y-axis labels(Large).</FONT></DIV>
<DIV><FONT size=2>-For example, if you want y-axis labels to display every five
<STRONG>Major Units</STRONG>, then type "5".</FONT></DIV>
<DIV><FONT size=2>
<DIV><FONT size=2>-Grid lines (if enabled, see the Grid tab) are displayed at
the <STRONG>Major Units</STRONG>.</FONT></DIV></FONT></DIV>
<DIV><FONT size=2><STRONG></STRONG></FONT> </DIV>
<DIV><FONT size=2><STRONG>Minor Unit</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Type the <STRONG><EM>Minor Unit </EM></STRONG>to increment
the y-axis labels(Small).</FONT></DIV>
<DIV><FONT size=2>-For example, if you want scaling hash marks displayed every
2.5 <STRONG>Minor Units</STRONG>, then enter "2.5".</FONT></DIV>
<DIV><FONT size=2>-Hash marks are displayed at each <STRONG>Minor Unit</STRONG>
along the y-axis scale.</FONT></DIV>
<DIV><FONT size=2>-If you want y-axis labels to increment by five <STRONG>Minor
Units</STRONG>, then type "5".</FONT></DIV>
<DIV><FONT size=2>-Note that labels are not displayed on the <STRONG>Minor Units
</STRONG>hash marks.<BR></FONT></DIV>
<DIV><FONT size=2><STRONG>Invert Scale</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Check this box if you want the y-axis scale
inverted.</FONT></DIV>
<DIV><FONT size=2>-Inverting the scale of indicators that are negatively
correlated with the price (e.g., Williams' %R or interest rates)</FONT></DIV>
<DIV><FONT size=2> is a popular use of this feature.</FONT></DIV>
<DIV><FONT size=2><BR><STRONG>Semi-log Scale</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Check this box if you want the y-axis scaled in
semi-log.</FONT></DIV>
<DIV><FONT size=2>-In a semi-log scaled chart, the distance between each point
is exponential.</FONT></DIV>
<DIV><FONT size=2>-For example, the distance between 30 and 60 (a 30 point, 100%
increase) is the same as the distance</FONT></DIV>
<DIV><FONT size=2> between 60 and 120 (a 60 point, but still 100%
increase).</FONT></DIV>
<DIV><FONT size=2>-Semi-log scaling is used to compare relative price changes
rather than physical point changes.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2><STRONG>Font</STRONG>.</FONT></DIV>
<DIV><FONT size=2>-Choose this button to display the standard Windows Font
dialog.</FONT></DIV>
<DIV><FONT size=2>-Use this dialog to specify the font for the y-axis
labels.</FONT></DIV>
<DIV><FONT size=2>-If you choose a font that is too large to display without
overlapping, MetaStock will not place a label at every major unit.</FONT></DIV>
<DIV><FONT size=2>-See Changing Fonts for more information on
fonts.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>
<DIV><FONT color=#008000 size=2><STRONG><U>To change the y-axis scale
</U></STRONG></FONT></DIV>
<DIV><STRONG></STRONG> </DIV>
<DIV><FONT size=2>1. Right-click on the chart's y-axis
scale.<BR>2. Choose Y-Axis Properties.<BR>3. From the Scale page,
uncheck the Auto box for the Minimum and Maximum controls and</FONT></DIV>
<DIV><FONT size=2> type the desired values for the range of
the y-axis.<BR>4. If you want to manually specify the step size of the
y-axis, uncheck the Auto box for </FONT><FONT size=2>the Major
and</FONT></DIV>
<DIV><FONT size=2> Minor units and enter the desired
values.</FONT><FONT size=2> If you want semi-log or inverted scaling, check the
boxes.<BR>5. Click the OK button.</DIV></FONT></FONT></DIV>
<DIV><FONT size=2>6. See also <STRONG><FONT
color=#0000ff>Tip-1</FONT></STRONG>.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV> </DIV>
<DIV>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx</A><BR>Dismiss the
".nospam" bit (including the dot) when replying.<BR>Homepage <A
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas</A></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Joseph Zilaitis </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> donderdag 13 april 2000 2:24</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> chart printing problem</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>How do I get pro v.7 to print out correct stock price of
graph? Using price on the y axis right side but numbers get truncated.
</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Apr 13 19:23:24 2000
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Message-ID: <005101bfa5a2$453e77b0$3e0246a6@xxxxx>
From: "Jeffrey Huck" <jhuck@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <001c01bfa573$86a2edf0$36077bd4@xxxxxx>
Subject: Re: Money Management Stops
Date: Thu, 13 Apr 2000 17:44:54 -0600
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Status:
The math on this is WAY off. If you claim your system has a 70% probability
of success, then it is 70% for each trade, exclusive of anything else you
have done in the past. How does the market, or the roulette wheel for that
matter, know how you did last trade, or last spin?
Here's another angle. Before each trade, there is a 70% chance that the
trade will end up successful. After the trade, it was either 100%
successful, or 0% successful. Over time it is the cumulative average of all
these 100%'s and 0%'s that give you the 70%.
Back to roulette: Before each spin there is a 50% chance that it will land
on red or black (green's being excluded). After each spin, the spin was
either 100% black, or 100% red. Given 2 possible outcomes, over time each
outcome will approace 50% probability. If you have 3 blacks in a row, the
odds of the next spin being red or black are still 50/50.
Your system for trading, and gambling, may indeed make you money, but not
for the reason's you've sighted.
Jeff
----- Original Message -----
From: "Michel Amelinckx" <Michel.Amelinckx@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 13, 2000 12:10 PM
Subject: RE: Money Management Stops
> Sorry but I by this "every time you have a losing trade the odds of your
> next
> trade goes up" I meant the PROBABILITY of next trade goes up. You always
> have 50% odds.
>
> > If the success rate is 70%, it's true that there is about a
> > 99% chance of
> > having 4 losing trades in a row. However, once you've
> > already had 3 losing
> > trades, the chance of the next trade being a success is still
> > only 70%.
>
> No I don't agree, a system 70% prof. and having 3 consecutive losing
> trades - the probability that the next trade will be a successful is 99%.
> If you have a system that is 55% correct of the time. If you wait for 4
> consecutive losers you have almost an 95% probability that the next trade
> will be successful.
>
> Same thing with roulette, they hate me in the casinos because if I play
> roulette I play on red and black. I wait till red (black)past 3 or 4
times
> in a row and then play on the other colour. And the longer you wait, like
5
> or 6 times on red (black) the higher the probability the next will be the
> other colour. Although 6 times the same colour is very rare. And this they
> don't like in casinos.
>
> Greetings
>
> Mickey
>
>
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Randy Harmelink
> > Sent: donderdag 13 april 2000 17:24
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Money Management Stops
> >
> >
> > You can't use statistics that way. An increase in
> > probability only occurs
> > if the events are dependent.
> >
> > For example, suppose you are trying to draw an ace of spades
> > from a deck of
> > cards. If you continue to draw and discard cards that aren't
> > the ace of
> > spaces, your probability of drawing the ace of spades
> > increases on each
> > draw. But if you put each drawn card back into the deck and
> > reshuffle, your
> > probability of drawing the ace of spades on a given draw will
> > never change,
> > no matter how many times you fail to draw it.
> >
> > If the success rate is 70%, it's true that there is about a
> > 99% chance of
> > having 4 losing trades in a row. However, once you've
> > already had 3 losing
> > trades, the chance of the next trade being a success is still
> > only 70%.
> >
> > Otherwise, it would be easy to develop a system to beat a
> > roulette wheel.
> > <G>
> >
> > ----- Original Message -----
> > From: Michel Amelinckx <Michel.Amelinckx@xxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Thursday, April 13, 2000 7:58 AM
> > Subject: RE: Money Management Stops
> >
> >
> > > And because you have such a great number of profitability,
> > did you know
> > that
> > > every time you have a losing trade the odds of your next
> > trade goes up.
> > > 70% prof - after 2 consec losing trades - probability next
> > trade will be a
> > > winner is 91%
> > > 70% prof - after 3 consec losing trades - probability next
> > trade will be a
> > > winner is 97%
> > > 70% prof - after 4 consec losing trades - probability next
> > trade will be a
> > > winner is 99%
> >
> >
> >
>
>
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