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Preston,
I forgot, one of your questions. The whole enchila
is purely mechanical.
This Sunday morning, I attended a MetaStock seminar
concerning version 8.0.
Very good presentation. And finally - finally MetaStock
is catching up with me. They now have system testing
that will employ multiple systems vs multiple equities.
It was not clear how or whether optimizaation was employed.
Dave
\--- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> 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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