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I use MS 8.01. You'll have to contact Adaptick directly with that
question. I know it works with 8.0. On earliier versions I wouldn't
have a clue. I included the link in case you need to find them.
JO
--- In equismetastock@xxxxxxxxxxxxxxx, "Patrick Tan" <ideasaia@xxxx>
wrote:
> Hi ,
> Just wonder if it works on MS 7.2 or MS 8.0
> Please let me know.
> ----- Original Message -----
> From: manohohman
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Thursday, October 23, 2003 8:27 AM
> Subject: [EquisMetaStock Group] New MS Add-on Reviewed
>
>
> I just got an early release copy of a new MS add-on called ICE.
>
> Before reviewing the product, here's a disclaimer for all the
> conspiracy theory compulsives out there. I have no involvement
with
> either Equis or Adaptick, the company who produces the program.
I'm
> not married to the sister of someone who works for either one of
> them, and nobody there is my cousin. They don't send me birthday
> cards with money inside, and so far neither of company has even
> bought me a hot dog.
>
> The product's name is ICE, which tells you absolutely nothing
about
> the program. I will say this: I REALLY LIKE THIS ONE!
>
> I haven't said that often about any add-on but this time, I
really
> got my money's worth out of it.
>
> ICE is a specialized system tester program that takes 72
indicators
> and divides them into four relatively uncorrelated categories.
The
> indicators in each category can be tested on and optimized for,
any
> group of stocks in any time frame.
>
> What this product does is save huge amounts of time and energy
when
> building and testing trading systems.
>
> All trading systems need some kind of indicators. However, if you
are
> going use two, three or four indicators, each indicator should be
> measuring something different. For example, if you like RSI and
> Stochastics, fine. Just don't put both of them in your system
because
> you are essentially measuring the same thing with both
indicators.
>
> Both are momentum indicators. RSI measures closing price relative
to
> the previous close, and Stoch measures closing price relative to
the
> range. This might sound different, but they're too closely
correlated
> to be very effective when used together.
>
> In the ICE program both of these are considered velocity
indicators.
>
> The point of having different indicators is to increase the
> probability of a good trade by increasing the amount of NEW
> information provided by each indicator. If the indicators are too
> similar-measuring essentially the same thing-the combination only
> marginally increases the probability of making a better trade. If
the
> indicators are sufficiently different, then the new information
makes
> a larger and more important contribution to the increase in
> probability of a good entry or exit point.
>
> However, that's not the end of the story. Even if you have
indicators
> that have very little colinearity (okay, take deep breathes-it
means
> they're measuring the same things-i.e. Points on a straight
line.)
> there is still the issue of how well any given indicator works on
a
> group of stocks.
>
> In a good trading system all the indicators give good signals on
the
> stocks being traded, and they are distinct enough to provide
sound
> entries and exits when used together.
>
> (I need to pause for a moment to make a small point outside of
ICE.
> With indicators, more is not merrier. The best trading systems
keep
> it simple. As you add more and more indicators to a system, the
law
> of diminishing returns sets in and JO's law of paralysis takes
over.
> If you use more then 3 or 4 indicators, it gets progressively
harder
> to make decisions based on what you're seeing. Half the time you
> won't even know what you're seeing, much less what to do about
it. So
> basically---KEEP IT SIMPLE!!!!)
>
> After installation, ICE is fully integrated with the systems
tester.
> You pick a couple of indicators in a category, test the
indicators on
> your stocks to see which ones perform the best, and then optimize
> them. The optimizations are also fully integrated, so you don't
have
> to do any programming at all.
>
> Once you have the optimized indicators, you set them up on chart
with
> a stock and play around a bit with the settings. This how I like
to
> customize. My eyeball tells me things that a mechanical
optimization
> program can't even deal with. Once that's complete, you move to
the
> next indicator in the next category.
>
> After awhile you will have three or four indicators, one from
each
> category, that fit you, your stocks and your system. They will
have
> little colinearity, they will have excellent probability of
> generating good entry and exit points and you will be well on
your
> way to having a really good trading system.
>
> No, the program doesn't test chaos theory, Elliot cycles,
fractals,
> or hypocycloids of four cusps. This is a good thing because it
has
> been proven over and over, the best systems use the simple time
> tested indicators--and that's it. Two moving averages and some
common
> sense will out perform the stuff I just mentioned. Okay, don't
email
> me about how good Elliot cycles are and how much you love them,
etc,
> etc. Elliot was stranger than Elvis, and Elvis didn't know
anything
> about trading stocks. That's all I need to know about Elliot and
> Gann.
>
> This program won't help you write rap music, or find exotic
patterns
> in the futures markets, but it will save you tons of time and
money
> trying to come with a system that works.
>
> Here's a real life example-mine. I have written and developed two
> really, really good systems. (No, I won't give them to you. No, I
> won't sell them to you. Don't bother!) But like all Americans
(and
> the Chinese too), I'm never happy with what I have, so I wanted a
> third one that did something that my first two didn't. My
original
> systems gave very accurate entry and exits signals but they
didn't
> tell when I should be piling more money into what looked like a
good
> trend. While it's not possible to tell how long a trend will
last, it
> is definitely possible to tell when a particular trend is
stronger or
> weaker. In other words, when should I risk more or risk less.
>
> I started working on the system a couple of weeks ago, and went
about
> solving the problem of when to increase my trade risk first.
After
> that was solved, the indicators that I added initially to the
system
> seemed to perform only so, so. After getting ICE, I read the
manual
> (which is still a work in progress, but since none of you seem to
> read manuals anyway that shouldn't be a problem), sat down at the
> computer and in less than two hours finished the system. I've set
it
> up, traded with it, and I'm pleased to say---I LOVE THIS SYSTEM,
I
> REALLY LOVE THIS SYSTEM. Next week I'm going to buy it a three
stone
> diamond ring, I love it so much. Now, if it could only tell me it
> loved me back!
>
> If I had had this product a few years ago, it would have saved me
> hundreds of hours in system development and testing time. That
was
> such grinding work, I had days when I thought I saw Elvis-sorry I
> mean Gann.
>
> You know the only thing that could be better than this is if I
could
> tell you it was FREE, FREE, FREE! That is, after all, your
favorite
> word. Alias, it's not. BUT ALMOST.
>
> If you buy it before the official release date, it's only $99
instead
> of $299. Well, hold my hand, I can't believe it. It's true, and I
> will tell you I would have paid many times that amount for all
the
> time and energy it would have saved me when I first started
> developing my own systems.
>
> You can read about it at www.adpatick.com.
>
> I guess before I finish I need to confess. No I'm not John
Slauson,
> the guy who wrote ICE. Yeah, I know JO is really similar to JS-at
> least to some of you Sherlock Holmes want-ta-be's. Given the
millions
> of possible name combinations JO and JS aren't even remotely
> related.
>
> My confession is about cycles. I do rely on some cycle
information.
> You can find it at
http://www.fourpillars.net/finance/predic.html.
> This is the most accurate cycle information I've ever seen. If
you
> don't believe me, use it for awhile. You'll see. I've named my
dog
> Yang.
>
> JO
>
> PS Some of you know I recommend John Clayburg's book Four Steps
to
> Trading Success. John has developed a very sophisticated,
effective,
> yet easy to use set of indicators based on the RSI, Stoch and %R.
It
> would seem that these have too much colinearity to be effective.
Doc
> Clayburg has solved that problem through the use of time frames.
Time
> frame combinations can over come colinearity problems, but it's
too
> sophisticated for most system developers to deal with so I won't
go
> there, except to say Clayburg's system does not suffer from the
> problems I have described above.
>
>
>
>
>
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