|
PureBytes Links
Trading Reference Links
|
I agree ICE 2.0 is still in the development stage. Everything is
still in the development stage, including MS, so at what point do you
start using it!
In regard to the manual, show me the perfect manual, and I'll show
you a company that doesn't exist. That's always a problem. The ICE
2.0 manual is the weakest part of the product, no doubt.
If you want to create an expert in ICE using only three indicators
long, simply input the indicators you want to use when the three
input screens for those indicators come up. Since it's long only, you
uncheck the short box on those screens. When the screen for the
indicator group you don't want to use in your expert comes up,
uncheck the long box, leave the short box checked and pick a bogus
indicator for it. When the expert comes back the long signals will be
valid with only three indicators. The short signal is not valid
because you did a long only expert, turn it off.
The four indicators are used in ICE to create a balanced trading
system. Four experts with no co-linearity all giving a signal means
you get a higher probability signal. If you use three, you may get
more signals but the probability of getting a good signal goes down.
You can use only one indicator for your signals, if you like, but
again everything has it's price. It's a personal decision. A good
moving average works great, if you don't mind a few whipsaws.
I had the broad market indicators already programmed into MS before
9.0 came along so for me they didn't matter. In addition, I've found
the Rydex Ratio based on the Rydex fund flows is a lot more accurate
than the broad market indicators. The broad market indicator give
wishy washy signals. Half look good--half don't. It's rare when they
all point in the same direction.
There are several bugs in MS 9.0. Check the expert BM-NYSE Mkt OV.
See any problem with the formulas in the trend section. That might be
why you're getting mixed messages. Better check everything when
you're an early adopter.
9.0 will be a good upgrade for some and for some it won't be.
It's good that it opened you up to new possibilites. Price Headley's
book and Mike McDonald's book might help you understand what the BM
indicators really mean.
Big Trends in Trading: Strategies to Master Major Market Moves
and Predict Market Swings With Technical Analysis
Mike told me he was writing a new book, but I haven't seen it yet. He
wrote an interesting article in Futures Magazine on using the Rydex
data.
--- In equismetastock@xxxxxxxxxxxxxxx, "metastockuser"
<metastockuser@xxxx> wrote:
> Ice 2.0 seems as if it's still in the development stage. And the
> manual doesn't tell me much that I would like to know.
>
> For instance, what if I want to make a long only system and only use
> two of the three indicators instead of four. No short side, just
two
> or three indicators for the long side? How do I do that without
> inputing a short side or an unwanted indicator which becomes part of
> the optimization.
>
> I think the four indicator system also tend to force you to trade
> slower possibly than the average trader wants to trade.
>
> I've never been willing to pay for broader market index data. When
I
> finally decided to pay for it, I called reuters and learned that
they
> also had 9.0 out with the broader market indicators, expert systems,
> etc. I like it. I'm not learning about broader market indicators
and
> attempting to optimize them.
>
> One possible problem and I wonder if others see it. In the NYSE
> Broader Market Overview Expert system. If you select the commentary
> it's telling me that on 4-8-09: Advancing issues outnumber the
> declining issues. This is causing the Advance/Decline line to rise.
A
> rising Advance/Decline line indicates a rising market.
>
> This appears to be a bug to me. I'm showing that Advancing Issues
> were fewer than declining issues on Thursday and that the AD line
was
> falling. So it appears to me that one of the Indicators their NYSE
> expert commentary is commenting on is being read wrong throws the
> entire experts final outcome into doubt.
>
> Why doesn't their Enhance System Tester give me the Absolute and
> relative draw down numbers? What good is it to know the dollar
> drawdown when you don't know at what dollar amount that drawdown
> started at? I see the lack of really clear draw down stats as a
> weakness in their system tester. Did the next day buy get fixed?
I'm
> thinking that the EOD signals are now generating a next day buy
rather
> than same day buy is anyone else seeing that or am I wrong?
>
> Ice 2.0 is interesting but needs improvement. If you don't use
Market
> Breadth indicators are all, are willing to pay for the download of
> indicie data or already are, I think the 9.0 upgrade is worth it.
>
> Right now I'm looking for ways to include market breadth in my
trading
> systems.
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, durango12342003
<no_reply@xxxx>
> wrote:
> > I was thinking of getting the upgrade to 9.0, but I have a few
> questions.
> > Maybe someone out there can help me.
> >
> >
> > I have 8.0 professional for e-signal. However I use it end of
day. I use
> > Metaquote for my data. Will 9.0 work with metaquote? Does anybody
know?
> >
> > Has anybody tried 9.0? What are your feelings? Is it a big
improvement?
> > A good improvement? Littleimprovement? Is it worth the 200 bucks?
> >
> >
> > On the equis website they are selling The plug-in Ice 2.0. Has
anbody
> > used it? Is it any good? Is it worth spending $300.00 for?
> >
> > Any feedback would be appreciated. Thanks for your help in
advance.
> >
> > Fred D.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/BefplB/TM
---------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|