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Thanks... Just ordered ICE...
Appreciate your contribution to this user
group...
Warm Regards
Patrick Tan
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=no_reply@xxxxxxxxxxxxxxx
href="">manohohman
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 10:43
AM
Subject: [EquisMetaStock Group] Link for
New MS Add-on Reviewed
<A
href="">http://www.adaptick.com/This is
the link to adaptick.JO--- In <A
href="">equismetastock@xxxxxxxxxxxxxxx,
Keith McDonald <kmcdonald@x...>
wrote:> Patrick Tan wrote:> > > Hi ,Just wonder if it
works on MS 7.2 or MS 8.0Please let me know.> >>
> ----- Original Message ----->
> From: manohohman>
> To: <A
href="">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> > <A
href="">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.> >> >> >> >>
>> >> > To unsubscribe
from this group, send an email to:> >
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