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I have purchased Trendmedium 3 months ago and I have tested it extensively
in the Greek stock market.Amarket which is by far less competitive than the
major global markets.For this reason I chose only stocks and futures with
enough liquidation in order that the analysis has a meaning.
My impression? the system is very good.The "buy" signals are excellent and
the "sell" or "short" signals are also good but they can be
better.Anyway,one can buy a stock according to the system's signals and then
apply a proprietary strategy as a stop loss or taking profit method.
As an enhancement to the system and a method to avoid some whipsaws I would
suggest that when you see a buy signal (I am talking about EOD data),you buy
the next day only if the price of the stock exceeds the H of the bar that
gave the signal.The opposite of course applies for short selling.
This is a good method applied also in many other systems.
The only problem with this system is that it's very time consuming.I have
the best processor available today and a very fast system in general and
still I need a lot of time if I run the system in the Professional mode.If
you watch only a few securities it's ok.,but otherwise you have a problem.
Thank you all,
AA
----- Original Message -----
From: "kelols" <kelols@xxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Saturday, July 12, 2003 5:16 AM
Subject: [Metastockusers] Trend Medium for Expert Generation
> There's been a lot of talk about trendmedium so I got the software
> and ran a few optimizations. Most of the discussion has centered
> around testing. I have my own system for testing.
>
> Over the last year, I've written a couple of experts that I trade
> with everyday. They have been tuned specifically for the dozen stocks
> I trade.
>
> I compared the results from TrendMedium and the resulting experts
> were pretty good. I find that mine still beat TMs by a few tenths of
> a percent, (in live trading, not in system tester or whatever) so I
> wouldn't switch to the ones that were generated with TM. I calculated
> that against the results from live trades, entry and exit points.
>
> The experts I've written are very profitable when applied to the
> small universe of stocks I use them on. I have written explorations
> and they work well in finding stocks that are about to trigger buys
> or shorts in my system. But I don't search for stocks because I make
> plenty of money just trading the swings on the stocks I trade
> everyday. Sometimes I trade mutual funds. I wrote a great expert
> system for mutual funds, but the market is not in the mutual fund
> mood right now.
>
> I would put TM's experts in the top ten percent of the ones I've
> tested or programmed myself. I have tested over 160 of them, It took
> me many hundreds of hours and dozens and dozens of revisions to get
> my experts to work as well as they do. You can get ninety percent of
> the way there with TM, without the hundreds of hours of work.
>
> That being said, I have no clue if you can make money using TM. If I
> subsituted TM's experts for mine, I would still make a nice return,
> but I can't speak for what other people are trading. When I tell
> traders what I trade and how I trade, they look at me like I'm an
> idot, until they find out the daily profit percentage of the system.
> I'm a believer in the axiom that you have to trade stocks and use
> systems that fit your personality and style. I see people on this
> chat site wanting better ways to search 7000 stocks a night. How are
> you going to find stocks that fit your style, if you look at 7000
> everyday to find 100 new ones.
>
> I told someone today that in one of my revisions I programmed a
> system that worked great on a wide variety of stocks. I traded with
> it for a few weeks and hated it. It was dead on, but when you don't
> like something, you're not going to make money for long with it. I
> started making the most money when I picked stocks that fit me first
> and then programmed a system for trading them. It fit like a glove,
> and now I actually look forward to trading everyday. While I didn't
> lose any money with the other system, I was losing my smile, which is
> equally as important as how much you make.
>
> TM is not bad. There's a few things I haven't figured out how to do.
> The manual is a little sparse.
>
> I would buy it and keep it, if I didn't already have optimized
> experts on my charts. I found Bressert's to be the second best plug-
> in, if you need a day trading system and can't write one. I've used
> almost all of the Metastock plug-ins. They aren't suppose to be a
> complete trading system and find all the profitable stocks in the
> universe. However, they gave me many good ideas which I have used in
> my other systems that produce the results I was looking for.
>
> I see lots of questions regarding plug-ins and my answer is simply
> that asking what's the best plug-in is like asking is a 38 R suit
> better than a 44 tall. Well, it depends on who you are and what your
> size and style happens to be. No one has invented a one size fits all
> suit yet either.
>
> Good luck!
>
> JO
>
>
>
>
> To unsubscribe from this group, send an email to:
> Metastockusers-unsubscribe@xxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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