|
PureBytes Links
Trading Reference Links
|
Go to this website below to order ICE. I have
already ordered mine.
And the beautifulk thing is that you get an
ecopy of ICE right away within minutes. The original with the manual
wil be Priority mail to you.
<A
href="">http://www.adaptick.com/ms$1/ms$1_info.html
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=0228663643-0001@xxxxxxxxxxx
href="">0228663643-0001@xxxxxxxxxxx
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 11:23
AM
Subject: Re: [EquisMetaStock Group] New
MS Add-on Reviewed
Hey manohohman,
sorry to say : <FONT face="Courier New"
size=3>You cann´t find it
at <A
href=""><FONT
face="Courier New"
size=3>http://www.fourpillars.net/finance/predic.html.<FONT
face="Courier New" size=3>
<FONT face="Courier New"
size=3>
Please check it
again by yourself and let me know the right homepage of the
ICE.
<FONT face="Courier New"
size=3>
<FONT face="Courier New"
size=3>regards
<FONT face="Courier New"
size=3>wambui
<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 2:27
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.JOPS 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:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|