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<FONT face=Arial color=#0000ff
size=2>Jo,
thanks
for the advice.
I want
to start a subscription to the trade magazine and is now faced with the choice
of either the Future's Mag or the Technical Analysis of Stock and
Commoditiy Mag, How should I make the choice?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Tony
<FONT
face=Tahoma size=2>-----Original Message-----From: manohohman
[mailto:kelols@xxxxxxxxxxx] Sent: Tuesday, November 18, 2003 8:53
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Systems Development & Futrues
MagazineThere is a good article in this month's
Future's Magazine on system development and how to do testing. It is worth
reading. By the way, some of the people interviewed praised MS's
formula language. That's contrary to what I hear on here. The two
book reviews were on Build Winning Trading Systems with TradeStation by
Pruitt and The Encyclopedia of Technical Market Indicators by Colby.
I've read both of these books and I highly recommend them for the
experienced systems development person. If you can't program in MS and
are a novice at systems development, you'll be wasting your time and
money. But if you can program and have some system's development
experience, these two books are really good. A lot of the
TradeStation code can not be ported over to MS directly. Some of the
general system's building concepts, however, are very useful.
According to Futures Truth, the five approaches used by the best
trading systems are;Donchian ChannelsMoving Average
CrossoversShort-Term volatilityS&P Day tradePattern
RecognitionI've posted systems using three of those techniques and got
dissed for it. You can bet I won't bother again, but if you read the books
I mentioned you'll learn how some of those systems are developed, and
how you can use those approaches to improve your on systems. My best
systems, and everyday drivers, are based on a couple of these.
The only drawback I can see is dozens of posts wanting someone else
to write code to port the tradestation stuff to MS. I guess it's time
you learned to code your own stuff! A little trial and error, not to
mention thinking, does wonders. JOTo
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