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[Metastockusers] free means no $



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Well, Steve old boy, I've searched far and wide, and I can't seem to 
find much of your work available for free.  I've found a lot of hype 
though.


Your site:
http://www.thedailytrade.com/

PaySite.


"Check out the Denver Trading Group: http://www.denvertradinggroup.
com/ the largest trading group in the world."

PaySite.


"All I'm saying is that nobody has to pay anything for indicators or 
trading systems."

You don't need to say that here because... this is *not* a PaySite.


"BTW, check out all the promotional goodies that Equis sends out to 
their prospective clients (the video). Recognize any of the frontmen/
women?

Yes, a freebie - but somehow I doubt this self-promotional video is 
going to help anyone improve their trading.


"I give it all away ... for free."

Ok, let's take a look at this little free gem, a simple variation of 
Standard Deviation histogram, with your name attached to it.

{Bollinger Band Histogram Karnish}
((C+2*Std(C,20) - Mov(C,20,S)) / (4*Std(C,20)))*4 - 2

For someone that preaches simplicity, it beats me why you've cluttered 
up the MS code with unnecessary complexity:
(C+Std(C,20)-Mov(C,20,S))/Std(C,20)-1

Creating useful indicators is not about making them more complex, but 
more useful to the potential trader.
The oscillator above could be improved a tad by introducing adjustable 
inputs (not everyone trades the same style), a more "natural" -
100~+100% range (allows direct comparisons between different charts), 
and self-adjusting overbought/oversold levels (not every chart has the 
same volatility & trend characteristics):

---8<----------------------
pds:=Input("Std Dev periods",1,252,20);

x:=(C+Std(C,pds)-Mov(C,pds,S))/Std(C,pds)-1;
Osc:=(x-Lowest(x))
 /(Highest(x)-Lowest(x)+.000001)*100;

avg:=Cum(Osc)/Cum(IsDefined(Osc));
pk:=Ref(Osc,-1)=HHV(Osc,3)
 AND Ref(Osc,-1)>avg;
pkv:=ValueWhen(1,pk,Ref(Osc,-1));
Osold:=Cum(pkv)/Cum(IsDefined(pkv));

tr:=Ref(Osc,-1)=LLV(Osc,3)
 AND Ref(Osc,-1)<avg;
trv:=ValueWhen(1,tr,Ref(Osc,-1));
Obought:=Cum(trv)/Cum(IsDefined(trv));

Osold;Obought;Osc
---8<----------------------

Personally from a trader's point of view, I see nothing exceptionally 
helpful about this choppy oscillator.  I doubt you need to worry about 
this one being hijacked by the black box brigade.

The point here is, that code at this level of simplicity should be 
freely available, and not hidden behind paysites.


Steve, prior to your hijacking of this thread for your own self-
promotion, a very useful site that has useful MS code freely available 
was mentioned.  No password or subscription is needed to obtain any of 
the very useful indicators there, and it just happens that the site's 
owner has most likely given away more "free stuff" and more of his 
time, than everyone else put together in this usergroup.

MetaStock Tips & Tricks - Free stuff, no promotional videos, and a 
very useful monthly MetaStock newsletter.
http://www.metastocktips.co.nz/


jose '-)




--- In Metastockusers@xxxxxxxxxxxxxxx, "CedarCreekTrading" <kernish@xx
..> wrote:
> Jose,
> 
> The difference is that all my work is given away for FREE.
> Check out the Denver Trading Group:
> http://www.denvertradinggroup.com/
> the largest trading group in the world.  
> 
> Every month, for the last three years, I am the moderator of the 
mechanical SIG group (100+, every fourth Thursday).  Each and every 
month, there is a powerpoint presentation that is archived at the DTG 
site.  Every month, I present a mechanical system that I trade "live" 
in real time.  The Mirus E-Mini track record is just a small part of 
the overall trading program (but, it is a system with absolutely no 
custom indicators and of course, dozens of people have printed these 
trades in their accounts).   Also, we advise institutions and 
brokerage houses around the globe.  You ought to tune into the "live" 
twenty minute morning update.
> 
> All I'm saying is that nobody has to pay anything for indicators or 
trading systems.  I give it all away ... for free.  I know that pisses 
off charlatans and system hustlers...but so be it.  I don't put you in 
that category Jose.  But, before anyone buys anything, from anybody, 
they should investigate what is around .... for free.
> 
> BTW, check out all the promotional goodies that Equis sends out to 
their prospective clients (the video).  Recognize any of the frontmen/
women?  Damn, one of those guys is sure good looking (and I ain't 
talking about Oliver or Bob).
> 
> Take care,
> 
> Steve
> 
> ----- Original Message ----- 
> From: Jose 
> To: Metastockusers@xxxxxxxxxxxxxxx 
> Sent: Friday, December 03, 2004 9:28 AM
> Subject: [Metastockusers] Re: Xmas is here early
> 
> 
> 
> Steve,
> 
> "Since these unsolicited, solicitations keep showing up in my
> mailbox..."
> 
> You'd better direct my mail to your spam box, because I'm unlikely
> to stop at this one.  The trader's educational market is rife with
> scams, and it is highly unusual to find genuinely useful material,
> free or otherwise.
> 
> 
> "First of all, I've been using MS since 1988 and have developed very
> simple approaches to the market.  NOT TOOLS, simple approaches based
> on STANDARD pulldown indicators."
> 
> No tools.  Good for you.
> But perhaps you are in the wrong usergroup.
> 
> 
> "Using the Chande Momentum Oscillator..."
> 
> This could be considered a trading tool, and so could MetaStock.
> 
> 
> " http://www.thedailytrade.com/ "
> "Daily Trade subscribers start each day with our Morning Market
> Update and Morning Market Call - indispensable tools that help
> investors set their daily, short, intermediate and long term market
> biases."
> 
> Oh, so you do use TOOLS...  <:-I
> 
> 
> " http://www.mirusfutures.com/cct_log.asp#041130 "
> 
> Looks like a tips sheet to me.
> I guess no trading tools needed here.
> 
> 
> "Nobody is using MetaStock with the stealth precision that is
> practiced by the group of traders we have gathered."
> 
> Pfff...  :D
> 
> 
> "If you want to experience a "out-of-body" trading experience....
> join us in our hotcomm room:  Teach Talk Trade."
> 
> Thanks, but I'd prefer to keep my feet firmly on the ground for now.
> 
> 
> jose '-)
> 
> 
> 
> --- In Metastockusers@xxxxxxxxxxxxxxx, "CedarCreekTrading"
> <kernish@xxxx> wrote:
> Jose,
>  
> Since these unsolicited, solicitations keep showing up in my
> mailbox...I guess this forum is open to "suggestions" on how to
> spend your hard earned cash.  
> 
> First of all, I've been using MS since 1988 and have developed very
> simple approaches to the market.  NOT TOOLS, simple approaches based
> on STANDARD pulldown indicators.  Using the Chande Momentum
> Oscillator I have been trading for dozens of people and the ACTUAL
> track record is at:
> 
> http://www.mirusfutures.com/cct_log.asp#041130
> 
> If you seek a place where the majority of the people use and
> exchange information about MetaStock...I would check out:
> 
> http://www.thedailytrade.com/
> 
> If you want to experience a "out-of-body" trading experience....
> join us in our hotcomm room:  Teach Talk Trade.
> 
> Nobody is using MetaStock with the stealth precision that is
> practiced by the group of traders we have gathered.
> 
> Take care,
> 
> Steve
>
> ----- Original Message ----- 
> From: Jose 
> To: Metastockusers@xxxxxxxxxxxxxxx 
> Sent: Friday, December 03, 2004 7:38 AM
> Subject: [Metastockusers] Xmas is here early
>  
> I've just had the privilege of previewing a pre-release version of
> the December issue of Roy's MetaStock Tips & Tricks newsletter, and
> if you are a subscriber, you are in for a nice surprise.
> 
> In my view, this is the best issue yet published, with articles on
> the System Tester, user-input Explorations, and more.
> A new set of articles on filtering relative strength explorations by
> a professional trader puts the icing on the cake.
> 
> I better not say much more, except that I have no financial
> connection to Roy's newsletter.  Apologies to Roy for "jumping the
> gun", but it's not often that I get excited by educational material
> (of the highest calibre in this case).
> 
> If you haven't been here yet, now is your chance:
> http://www.metastocktips.co.nz/
> 
> 
>   jose '-)






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