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Dave,
This all sounds most interesting. Thank you for sharing it with us.
It is a reminder to all of us that it takes time and tenacity to
create a successful system. It also requires that you know it well
enough to realize its limitations. Thanks again!
Preston
--- In equismetastock@xxxx, dave3003 <no_reply@xxxx> wrote:
> Preston,
>
> Elixir is the child of lots of experimentations.
>
> Prodigy was a DOS ISP idea sponsored by IBM and Sears.
> On Prodigy ISP some of us TA types setup boards much like
> this one.
> After a while some like minded people coalesed into a private
> E-mail group. There we set about the task of testing
> every system that MetaStock DOS provided. Each of us had
> different investment preferences. Some stocks, some mutuals,
> bonds, etc. So we each tested the systems against different
> equities. Most of MetaStock's systems were beyond our
> abilities to get consistent profits in different markets.
> But we did come up with some good winners.
>
> My particular frustration was the testing limitation
> with only one fund or index against a single system.
>
> Then a company, Nirvana came up with a set of programs
> that used MetaStock's entire portfolio and its entire
> group of systems. All funds in my portfolio could be
> system tested against ALL systems that I wanted.
>
> The first program called WhatWorks would run for 4 or 5
> days optimizing all funds against their best systems.
> Then when WhatWorks had finished, it transfered all
> the funds along with their 10 best systems to another
> program.
>
> That program used the optimized good stuff and it created
> daily Buy and Sell recommendations. That second program
> only needed to grind for 12 to 15 hours.
> The downside was that there were about 2,000 line item
> Buy or Sells to look through.
>
> In time I found a great programer who tried to find ways
> to boil all that stuff onto a single page of Buy and Sell
> recommendations. And then we had to make 50 version revisons.
>
> The flaw in the Elixir mix is me. In a trending market
> I do well, but when the market becomes volitile I find
> it best to stand aside. Also Elixir's components are
> pure DOS including MetaStock DOS version 4.5 so
> updating and converting formulas is not fun.
>
> Now back in the DOS daze on the Prodigy board we had
> Allen McNicholes of MetaStock who would critique
> my use of Alerts in formulas. He did well for me.
> So well that he is now president of Equis (MetaStock)
>
> I tried to interest MetaStock in the mechanics of Elixir
> because MetaStock can't seem to test ALL funds against
> all systems in one fell swoop. They did come up with
> their Explorer, but BOO.
> I was not selling anything, I was offering but who knows?
>
> Equis was going from DOS to Windows and Reuters was buying
> them and Steve Achelis the then president was moving on,
> so they had other fish to fry. Also competition is a
> burning issue. Gotta give the wouldbe buyers not what
> they need, but what they think they want.
>
> The Nirvana people went their own way, away from MetaStock
> using vastly inferior graphics and all of their own data.
> I tried using their programs which were very fast and
> "theoretically" would do what Elixir does do, but I could
> get that program to work for me.
>
> I have not changed any of my resident formulas in quite a
> while, but inspired by what I have seen here, I think it is
> about time. All I need do is figure how to reverse the
> formulas from the Windows MetaStock language to the old DOS
> language?
>
> Nuff for now.
>
> Dave
>
>
>
>
>
>
> --- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> > Dave,
> > Your comment was
> > "Then I developed Elixir, which came after the Holy Grail.
> > Market has been good to me."
> >
> > If I were to wager a guess and considering the name you've used,
I
> > would think you have a mix of some sort.
> >
> > Lot of things could go into the mix. I would think that it at
least
> > started with selection, then focused on entry, followed by money
> > management and exit strategy. I also would not guess a purely
> > mechanical system.
> >
> > Just thought that some of the other members might gain from some
of
> > your thoughts on a profitable system if you don't mind sharing
them.
> >
> > As far as a Grail of any sort, I've come to believe there is no
one
> > single Grail but rather a combination of winning philosophies
that
> > when put together are highly successful.
> >
> >
> > Preston
> >
> >
> > --- In equismetastock@xxxx, dave3003 <no_reply@xxxx> wrote:
> > >
> > > Now Preston, just what would you expect
> > > to find in the Holy Grail?
> > >
> > > Dave
> > > =========
> > > > Elixir?
> > > >
> > > >
> > > > --- In equismetastock@xxxx, dave3003 <no_reply@xxxx> wrote:
> > > > > Preston,
> > > > >
> > > > > Ah yes the good ole DOS Daze.
> > > > >
> > > > > Someone recently branded me a Cynic! Sad but true, a
> > > > > little. Rarely made a dime using brokers and their canned
> > > > > advice. Along the way to the poor house I discovered
> > > > > moving averages and mutual funds. After that I never lost
> > > > > again -- Until I met Prechter and follwed him right over
the
> > > > > precipice for a 40% loss of my entire portfolio on the
> > > > > great October day in 1987.
> > > > > At least from there things could not have gotten worse.
> > > > >
> > > > > Then I subscribed to many many TRIAL subscriptions of
> > > > > all sorts of letters. Some made good sense and most not.
> > > > >
> > > > > Then I formed the Atlanta MetaStock and TA group and
> > > > > learned lots of good stuff.
> > > > >
> > > > > Then I developed Elixir, which came after the Holy Grail.
> > > > > Market has been good to me.
> > > > >
> > > > > Dave
> > > > >
> > > > > --- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> > > > > > Dave,
> > > > > >
> > > > > > Correct me if I'm wrong but I seem to remember a website
> that
> > > you
> > > > > had
> > > > > > some years ago that discussed your trading ideas.
> > > > > >
> > > > > > Your inference to being wealthier now leads me to believe
> > that
> > > > your
> > > > > > ideas were successful. I wonder if you would mind sharing
> > some
> > > of
> > > > > > those ideas with us?
> > > > > >
> > > > > > Preston
> > > > > >
> > > > > >
> > > > > > --- In equismetastock@xxxx, dave3003 <no_reply@xxxx>
wrote:
> > > > > > > Grizz, Roy, Preston, Praktikus, Bob, Anthony,
> > > > > > >
> > > > > > > Way back in time, a little after we were completing the
> > > > > > > pyramids, using DOS version 4.5 of MetaStock - I too
> > > > > > > discovered this or a similar formula. I eagerly
presented
> > > > > > > charts and lovely profits to our Atlanta MetaStock
> > > > > > > group. But then to my dismay, there was a thundering
> > > > > > > chorus of "ya gotta be kidding".
> > > > > > > Everyone there was one and a half light years better
than
> > > > > > > me in math and formulary.
> > > > > > >
> > > > > > > In tears I rushed out of our high class board meeting
> > > > > > > room, never to look at this brilliant concept again.
> > > > > > >
> > > > > > > Now older and wiser, and a good deal wealthier I shall
> > > > > > > revisit this concept. Ok so driving with only my
> > > > > > > rearview mirror as a guide beats having NO guide at all.
> > > > > > >
> > > > > > >
> > > > > > > Dave
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