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Your
sytem is almost a carbon copy of the Equis-MACD expert, except it fails to
trigger some important signals of the Equis system.
<FONT
face=Tahoma size=2>-----Original Message-----From: kelols
[mailto:kelols@xxxxxxxxxxx] Sent: Sunday, July 13, 2003 1:15
PMTo: equismetastock@xxxxxxxxxxxxxxxSubject:
[EquisMetaStock Group] Left out a formula in Free Expert Here it is
againIn my first post, I accidentally left out a
couple of formulas. It was late last night I guess. Sorry if you follow
the instructions and didn't get all the bars. You will now.Okay,
Metastockers, your free expert system is ready. By using this expert you
agree to two things; you trade at your own risk—I'm not responsible for
anything you do with the system including losing money, and two, you agree
not to directly or indirectly use the system for commercial purposes
including by slightly altering the formulas. You can't give it someone who
is going to use for commercial purposes either. You can only use it to
trade for your account. To make this system work you must follow
my directions exactly including the trading rules that I will give you.
This system was designed specifically for SPY 30 min screens. To use it
EOD, you have to change the trading rules. You figure them
out.Open Expert Advisor under the Tools menu. Pick New and type FREE
EXPERT AND IT'S ALL MINE into the name box. If you do not use this
name exactly you will have bad trading karma for a long time.
Select the Highlights Tab. Click on New, and type Buy One into the
name. Paste this formula into the condition box: Ref(LLV(LOW,
34), -1)<C AND Mov( C, 34, S ) - ( 2 * Stdev( C, 34 ))<C AND
C>Ref(C,-2)Click on Color and pick Dark Green. Click okay and okay
to close the box.Click New again and type Short One into the name
box. Paste this formula into the conditions box: Mov( C, 34, S
) + ( 2 * Stdev( C, 34 ))>C AND Ref(HHV(HIGH, 34), -1)>C AND
C<Ref(C,-1)Select color and pick dark red. Click okay and go on to
the next thing.Click on the Symbols tab. Select New. Type Buy One
into the box. Select the Graphic tab and pick the up buy arrow and color
it black with it placed below the price plot and below the symbol. Click
ok and under the condition box in the name tab paste this
formula:TroughBars(1,MACD(),28)=1 AND C<((Ref(HHV(HIGH, 34),
-1)+Ref(LLV(LOW,34), -1))/2) AND C<Mov(C,13,S) AND
C-Ref(C,-1)>0Click okay, select New, type Short One into the box.
Go to the graphic tab and select down arrow sell and pick navy blue for
the color. Select above price plot and above symbol. Click okay and move
on. Paste PeakBars(1,MACD(),28)=1Select New on the symbols
tab. In the name box type Buy Two. On the graphics tab select the up arrow
buy and color it black. Pick below price plot and below symbol. Paste in
the formuala(Ref(Cross(Stoch(45,5),20),2) OR
Ref(Cross(MACD(),Mov(MACD(),13,S)),+2) AND C<((Ref(HHV(HIGH, 34),
-1)+Ref(LLV(LOW,34), -1))/2) AND C<Mov(C,13,S))Click okay,
Click okay and close your expert. We're done programming this
part.Open SPY 30 minute chart using your clean template. Left click on
the screen and pick Inner window properties. Where it says background
colors open the menu and pick the grey color directly above the white
block in the lower right corner. In the general tab select apply to
all inner windows. (Shut-up and just do it. I know what I'm doing, and
this is FREE!) In color the plot of the SPY black. Then bring up the
moving average in your quicklist. The first mov avg we're going to
apply will be 34 periods simple on the close. The color will be black. I
also like to change the chart to line instead of bars because it's easier
to read. Once that is on your chart, add a second moving average. This
one will be 13 periods simple on close. The color will be navy blue and
the style will be a dashed line. Take a break. This is a lot of
work. Wow, but it's FREE! Who was it that said nobody gives away the
really good systems……..Break time is over. Open tools select
FREE EXPERT AND IT'S ALL MINE. Attach it to
your chart. Select the plot of SPY and select a larger line width down in
the lower left corner. Plump up the line a little.Now you should
see a green, red and black plot of SPY and some black and blue arrows
pointing down and up somewhere near the plot line. I picked black and blue
because that's how the market is going to leave you.Every good
system needs trading rules and this one is no different. Let me see if I
can remember them (or make some up!)When the line is green SPY is
going up. Sometimes the line is green and SPY is going down but don't
worry the line will change color shortly or SPY will change
direction.When the line is red, SPY will mostly be going down, and
when the line is black SPY is confused and don't know which direction it
wants to go in. No problem, there's rules.Rule one: When you see a
black arrow it's time to buy—well most of the time. When you get a black
arrow and SPY is headed up watch it closely to make sure it breaks the
dotted 13 day moving average. This is a point of resistance and so is the
black 34 day moving average. Most of the time the SPY will break through
and keep on going but sometimes the resistance is too strong and it will
head back toward the moving average when it does this you will get a blue
arrow. That means close your position right now and way for the next buy
arrow.Rule two. If the SPY breaks the two moving averages keeps
heading up and both moving averages have turned up, you can add to your
position if you want to. When you see the blue arrow sell your position.
If the SPY has been above both moving averages for at least an hour and
you get a blue arrow, you can take a short position after you've
closed out your long.Rule three. If you take a short position,
watch out for the moving averages again. If SPY bounces off of one and
heads up, cover your short. If it break through both moving averages and
keeps heading down, even if you get a black buy arrow, you can keep your
short as long as both MA lines are trending down and the SPY has not
broken the blue 13 day moving average. If you get a black arrow and the
SPY breaks the 13 day moving average, close your short.Rule four.
Things always look better on static screens than they do on live screens.
30 min screens take time to develop and you're going to have some slippage
because of it. You will also get whipsawed a little. Paper trade the
system for a few days until you get the feel of it and then put very
little capital at risk for a few more days. Rule five. Figure out the
trend for the day. Read John Clayburg's book Four Steps to Trading
Success. He has an indicator that will give you the trend of the day, and
it's generally pretty good. Wait until the market has been open one hour
before you start trading this system on a 30 minute screen. Don't take any
new trades after 1:30 and don't hold any over night. Rule six, the
most important rule. Don't ask me any questions, figure it out yourself!
I don't know if this system will work on other stocks. Who cares! I
don't care… I don't know how well it will work in other time frames. I
didn't write it for other time frames. How does it compare to the TM
expert optimized for SPY on this time period? It's very similar.
FAQsDo you trade with this system. I use one that's
very similar put it has some proprietary stuff in it I'm not giving away.
Do you make any money with your system. Yes, I do, but I don't
trade SPY unless it's a really slow day everywhere else or unless I see a
setup that grabs my wallet as it's going by.How long did it take
you to write the system?About an hour and a half. It's based on
Donchian channels. What was the hardest part of writing
it?Writing this dopey explanation and my finger hurt. I'm suffering
from mouse fingers, and now I have squint eye too.Is this as good
as other systems that sell for thousands of dollars, especially the ones
that sell in infomercials. Well, frankly, it's no better than your
ability to use. Hmmm, in that case Rule seven should be save your
money.Why did you give it to us?Because it's not that hard to
write systems that work for a particular stock. You can learn to do it by
studying all the experts that came with metastock and then getting 50 or
more that are posted around the internet. Pick the group of stocks you
want to trade (they should have similar betas) and then try all the
experts on them until you find the ones that work the best. Then figure
why they work and tune them up to fit what you are doing.Rule
8..Stop whining, stop asking for free stuff, stop asking people to write
programs for you, and stop searching all over the freaking place for new
high tech sounding crap like chaos theory. I've got a bunch of graduate
degrees in really technical stuff and all that theory of strings stuff
doesn't work any better than this. All you Ganns, Fibs, chaos,
fractal and Chinese astrology guys see if you can come up with a better
system using loops and swoops and ladders or whatever. Okay. There's your
challenge. Move your butts and show me up. Then sit down and right up the
rules and how to use it just like I did. Here's the link to the
Chinese astrology site: <A
href="">http://www.fourpillars.net/finance/predic.htmlTheir
annual predictions are dead on. But they don't have a free expert system,
now do they!JOTo
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