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Uhehs:
I don't mean the be rude or condescending, but I
guarantee this approach will get you slaughtered in the markets.
You can't toss a bunch of indicators together,
paper trade it for a while and expect to make money. If it was that easy,
everyone would be doing it.
You need to develop a trading idea or hypothesis
(your entry in this case), take it apart and understand it, test the hell
out of it, break it, re-build it and prove to yourself it is valid.
Next, you have to develop a compatible exit to get you out of the
trade. Finally, you need a money management strategy to tell you how much
to trade and when you are taking on too much risk with your system. Any
one of these steps could (and probably will) trash your original idea and force
you to start over.
The key it research, research, research. You
have to read everything you can get your hands on, and test every idea you come
across.
Best of luck.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
uhehs@xxxxxxxx
To: <A
title=metastockusers@xxxxxxxxxxxxxxx
href="">metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, April 24, 2003 11:24
AM
Subject: RE: [Metastockusers] Re:
EXPLORER
<FONT face=Arial color=navy
size=2><SPAN
>That
shows how new I am to this [Metastock] thing;<SPAN
> I took some members’ recommendations
and threw them all together.
<FONT face=Arial color=navy
size=2><SPAN
>I
don’t even know what AROON is!
But plan on reading up on everything as time
permits.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>The
good thing about the Long/Short thing is that I’ve been getting about 10 to 1
Longs versus shorts. Kind of like
it’s own breadth indicator.
<FONT face=Arial color=navy
size=2><SPAN
>The
only short for the past few days has been
FON.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>I’m
not sure how to use the System Tester yet.<SPAN
> Especially for something like
this.
<FONT face=Arial color=navy
size=2><SPAN
>Any
suggestions?
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Tahoma color=black
size=2><SPAN
>-----Original
Message-----From: pring99
[mailto:pring99@xxxxxxxxx]<SPAN
>Sent: Thursday, April 24, 2003 2:19
PMTo:
Metastockusers@xxxxxxxxxxxxxxx<SPAN
>Subject: [Metastockusers] Re:
EXPLORER
<FONT face="Times New Roman"
size=3><SPAN
>
<FONT face="Courier New"
color=black size=2><SPAN
>Hello...enjoying
this thread and would like to see more like it.<FONT
face="Courier New" color=black size=2><SPAN
>You
seem to have thrown quite a few things into your
explorer..probably some redundancy going on.
I wouldn't get too excited about your longs doing well given
that the market has been so strong over the last week. I
would certainly HOPE they would have worked
out.Did you have any shorts during this time? If so,
how did they do?My suggestion is rather than just testing a
small period forward using the Explorer, why not go back in time
and test 500 or so prior periods within the system tester?
This is far more efficient.Pring
--- In Metastockusers@xxxxxxxxxxxxxxx,
<uhehs@xxxx> wrote:> Hi all who follow this
thread.> > I was away from the game for a few
days.> > Being back, I noticed that the
majority of stocks I bought [On paper; And>
factoring in slippage on the buy AND the sell] has made the grade.
Which> was to make $500 on each trade. I'm
going to reset my log from tonight,> going
forward, because I will not be away at all for the next few
weeks.> > I plan on REALLY
exploring (pardon the pun) the possibilities of
this> Explorer and a corresponding System Tester
and possibly an Expert Advisor.>
> Many of you have probably already gone through these steps
and find this> thread very elementary, but for
those who have already contacted me to> encourage
it's development, feel free to offer and guidance. Since
being a> part of this Board, I haven't noticed
anything developed in this manner, so> I chose to
step up to the plate myself.> > Here's the
current Long and Short Exploration filters. My process for
now,> is to place buy and sell alerts on each stock that the
Explorer throws out.> I am basing my price alerts
on any type of support or resistance I see;
or> chart pattern. Again, all experiments. So if
you find a more reliable way,> tell
us.> > LONG:>
> C>=5 AND C<=15 AND> (C>SAR(.02,.2))
AND> (MACD()>Mov(MACD(),9,E)) AND>
(MACD()>0) AND> ((PDI(14)-MDI(14))>10)
AND> (Mov(V,14,S)>10000) AND (V>10000)
AND> (Mov(C,7,E)>Mov(C,14,E)) AND>
((ADX(14)>PDI(14)) OR (ADX(14)>Mov(ADX(14),14,E))) AND>
((AroonUp(14)-AroonDown(14))>0 OR>
((AroonUp(14)-AroonDown(14))>Mov((AroonUp(14)-AroonDown(14)),14,E))
OR> (Mov((AroonUp(14)-AroonDown(14)),14,E)>0))
AND> OBV()>Mov(OBV(),14,E) AND>
RSI(14)>50 AND> RSI(14)<70 AND>
((RMI(C,14,14)>60) OR (RMI(C,14,14)>Mov(RMI(C,14,14),7,E)))
AND> ((PFE(C,14,7)>0) OR
(PFE(C,14,7)>Mov(PFE(C,14,7),7,E)) OR>
(Mov(PFE(C,14,7),7,S)>0))> >
SHORT:> > C>=5 AND C<=15
AND> (C<SAR(.02,.2)) AND>
(MACD()<Mov(MACD(),9,E)) AND> (MACD()<0)
AND> ((MDI(14)-PDI(14))>10) AND>
(Mov(V,14,S)>10000) AND (V>10000) AND>
(Mov(C,7,E)<Mov(C,14,E)) AND> ((ADX(14)<PDI(14)) OR
(ADX(14)<Mov(ADX(14),14,E))) AND>
((AroonUp(14)-AroonDown(14))<0 OR>
((AroonUp(14)-AroonDown(14))<Mov((AroonUp(14)-AroonDown(14)),14,E))
OR> (Mov((AroonUp(14)-AroonDown(14)),14,E)<0))
AND> OBV()<(Mov(OBV(),14,E)) AND>
RSI(14)<50 AND> RSI(14)>30 AND>
((RMI(C,14,14)<60) OR (RMI(C,14,14)<Mov(RMI(C,14,14),7,E)))
AND> ((PFE(C,14,7)<0) OR
(PFE(C,14,7)<Mov(PFE(C,14,7),7,E)) OR>
(Mov(PFE(C,14,7),7,S)<0))
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