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Marshall,
I spend $1500, for a software, which enables me, to work on RT charts, in a
way, I developed, and which is my personal trading style.
Maybe MetaStock was designed for end of day, but to me it makes no
difference, if I trade 5min or weekly charts...
For me, it`s just fine for real-time!
And to get personal:
People out there try to slaughter me every day, and if I would use a system,
that was delivered in a mass-product, I would be a fair prey.
To survive these attacks, is no question of money, but of a view for the
reality of the markets.
By the way, I think, that Glen`s answer to your original post is worth a
multiple of $1500...
regards,
Nicholas Bodeux
----- Original Message -----
From: "Marshall Shoemaker" <marshall@xxxxxxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, December 18, 2001 11:04 PM
Subject: RE: backtesting daylight only futures trading systems
> Marshall:
>
> What is your level of experience in the markets?
>
> Considerable.
>
> It certainly sounds like you do not have a great deal of
> experience with the MetaStock programming language,
> and the canned systems are not the answer.
>
> Correct.
> Why would I want to spend $1,500 on software for
> real-time trading which was obviously built for
> end of day trading, and hasn't been adequately
> adopted to real-time, and have to spend much
> more money to have it "customized" for my original purpose?
>
> If you rush
> into it, I guarantee you will be slaughtered in the markets.
>
> Was that your experience personally?
>
> You might be better off returning MS Pro, buying the
> end-of-day version and investing the difference in research
> material and a sabbatical to spend on research.
>
> Done.
>
> Regards.
>
> Regards who?
> I wonder why you wouldn't do me, and others, the
> courtesy of signing your note, especially given the
> strength, and somewhat personal nature, of your
> comments.
>
> Marshall Shoemaker
> marshall@xxxxxxxxxxxxxxxxxxxxx
> 843-216-5461
>
> ----- Original Message -----
> From: "Marshall Shoemaker" <marshall@xxxxxxxxxxxxxxxxxxxxx>
> To: <mmanfull@xxxxxxxxx>; <support@xxxxxxxxx>; <formulas@xxxxxxxxx>;
> <abarker@xxxxxxxxx>;
> <metastock@xxxxxxxxxxxxx>
> Sent: Monday, December 17, 2001 8:53 AM
> Subject: backtesting daylight only futures trading systems
>
> >> Dear Coach, Tech Support, Formulas and/or other MetaStock colleagues
and
> >> users,
> >>
> >> I own MetaStock Professional and today,
> >> Monday, 12/17/01, is the last day of
> >> my 30 day evaluation period, so I would
> >> appreciate a reply within a few hours
> >> if possible.
> >>
> >> I wish to use your tool to trade emini
> >> S&P500 stock index futures contracts.
> >> I have used the System Tester/compare feature
> >> to identify 6 Equis and PS trading systems
> >> which appear to have been very profitable
> >> trading the December contract, 5 minutes bars,
> >> from 9/17 to 12/12.
> >> However, there are a few changes I need to
> >> make to all the systems in order to make
> >> the trading "context" realistic for me,
> >> and probably many other, futures traders:
> >>
> >> 1) I cannot hold positions overnight, thus
> >> only wish to enter the market after opening,
> >> 9:30 AM, 10AM actually being the preferred time,
> >> and be sure to exit it by close, 4:15PM, 4:00 PM
> >> being my preferred time. I understand from
> >> two of your tech support guys that this "market hours only"
> >> trading parameter requires modification to
> >> the system formulas, i.e. there is not an easy
> >> pull down menu feature which allows the user
> >> to throw time boundary switches.
> >> What would the modification
> >> be? How complex is it going to be to alter all
> >> the pre-built trading systems so that I can
> >> do System Tester/compare analysis under this constraint?
> >> Are you going to charge me for this modification?
> >> How much? When can you get it to me?
> >>
> >> 2) I do not expect or require to always be in
> >> the market. Most systems I have seen are not meant
> >> to keep one in the market no matter how sideways
> >> the action is. It appears to me that the System
> >> Tester set up an "always in" parameter when it
> >> did the compare analysis. Is this necessary?
> >> Or can I have each system run under the framework
> >> of its best results, i.e. entering/exiting/waiting
> >> out the market so as to make the most money, or
> >> do all the systems need to be "always in" in
> >> order to do a comparison?
> >>
> >> 3) I do not yet know how to use, but understand
> >> that it is fairly straight forward, i.e. doesn't
> >> require custom formulas, to program in stop
> >> losses in the system for backtesting?
> >> Is this true?
> >> How hard would it be to program in an automatic
> >> trailing stop loss?
> >>
> >> 4) I understand from the manual and onscreen
> >> help that users who trade futures contracts
> >> are encouraged to do points only tests
> >> because of the challenge of accounting for
> >> margin leverage in the futures contracts.
> >> Does this mean that it is impossible
> >> to do realistic, hard dollar backtesting
> >> of futures contract, accounting for
> >> commissions and margin, or that it is
> >> just very difficult to create custom
> >> formulas to do the calculations?
> >>
> >> Thank you very much.
> >> Marshall Shoemaker
> >> marshall@xxxxxxxxxxxxxxxxxxxxx
>
>
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