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Steve, we'll take you up on your
offers.
Send Tillson's article, your powerpoint
presentation of his work, and the Chamness presentation on optimization.
I'm sure all will be useful.
And watch out for those engineers. They will
engineer stuff to death. But, they are handy to have around when you need
math or statistical work done. I know, I was one, once upon a
time.
Tom
----- Original Message -----
Sent: Saturday, December 04, 2004 11:41
AM
Subject: Re: [Metastockusers] Where the
rubber hits the road
Group,
I trade ten stocks mechanically. Each of
these has a single stock futures contract associated with it. This
provides 5:1 leverage (20% margin requirement). The method that I use is
described in the power point presentation that I forwarded to the group
("six-pack").
This ten issues universe consist of issues that
have demonstrated orderly supply and demand (somewhat subjective). They
are: TYC; CEPH; BRCM; JBLU; PD; BIIB; SYMC; LLTC; SBUX; GS
Each quarter I reevaluate the
universe.
Attached are issues that closed or opened Friday
and an issue that is closing on Monday. Featured on some of the
charts are my modification of Tim Tillson's T3's (TASC January 1998).
Is anyone on the forum using Tim's adaptive
moving averages? If not, you should! They are the best of the
bunch. Forget Jurik's work or Perry Kaufman's adaptive....the T3's
"rule" (in many different ways). Tim has granted me permission to
distribute the article he wrote for Technical Analysis of Stocks and
Commodities. I also (somewhere) have the power point presentations that
we offered when we presented his work to the DTG (about six months
ago).
Tim's research and trading partner is Dave
Chamness. Fort Collins, CO. has a group of engineers (Agilent and HP
mostly) that meet twice a month to discuss technical and mechanical
trading. Dave created a power-point presentation on
over/under-optimizing. He made this two-hour presentation, to the
DTG, about eight months ago. If anyone is interested, I would be
glad to sent that ppt (also). Dave retired six months ago and trades
full time (I think he's in his early forties).
Take care,
Steve
----- Original Message -----
Sent: Saturday, December 04, 2004 3:12
AM
Subject: [Metastockusers] Re: free
means no $
Steve, talk is cheap.
"If the four dozen
metastock users..."
"Ask any of them when they all show up next
week"
"Go to this website, go to that forum..."
For someone that has
been around since the dawn of PCs, you are
showing a distinct lack of
maturity.
You seem to go on harping about this or that achievement,
about
rubbing shoulders with other "educators", but I see very little
substance behind any of your hype or grandstanding.
Perhaps you
should let your own work do the talking.
As for attacking my
personal trading record, part of it (ASX stock
trading) has been posted
live over the last 4 years, and it has never
missed a beat.
http://users.bigpond.com/prominex/pegasus.htm
Furthermore,
I'm not the least interested in proving anything to you.
Since I'm not
out to sell pay sites, tips, etc, my trading record is
not important in
this regard. My proven record lies in the useful MS
tools I've
coded (including fixing your own attempt at immortalizing
your name),
and I don't wish to be judged on any other merits.
Lastly, being a
full-time trader and programmer, I simply don't have
the free time
available to continue on this subject, so this is my
last say on this
matter. If I have made just 10% of readers of this
post aware of
your real wares, then my job is done.
jose '-)
---
In Metastockusers@xxxxxxxxxxxxxxx, "CedarCreekTrading"
<kernish@xx
..> wrote:
> Jose,
>
> You sure
didn't look far. How about looking at a few of your
>
countrymen's sites that "borrowed" a butt-load of my stuff:
> Paritech
and Guppy? Do you know Rick or Daryl? Give 'em my
>
regards next time you see them.
>
> I'll always allow my
certified track record to speak for itself.
> If you insist of
nitpicking my code writing abilty...you win.
> I'm a complete code
dolt. But, that's a good thing. The best code
> writers I
know (double and triple-degreed engineers), are also the
> worst
traders I know. God giveth and god taketh away.
>
> In the
attachment that I sent to the forum, I have offered six
formulae that
are profitable in real time (providing you implement the
proper
rules). How can you possibly argue the effectiveness of this
system? Maybe I should encourage the four dozen metastock users,
who
hang in my room, to join this forum. Won't it be fun when they
start
to explain their day to day trading, using MS, and my
formulas. They
will all make full disclosure about: favorite
approaches, among the
six-pack, and post their daily profits/losses.
Just think, Jose, you
can criticize these people for being successful
traders using my work.
Ask any of them when they all show up next
week: Did Steve ever
charge you for a formula or
system?
>
> I am dying to know one thing: Do you have any
documented trading
statements and would you be willing to share your
system and track
record? I can't wait to see it. Also, do
you promise to be nice to
all the new MS users the forum will be hosting
next week (I can cause
a crowd to gather)? I'm sure, they will all
find your comments
amusing.
>
>
> Take
care,
>
> Steve
>
> ----- Original Message
-----
> From: Jose
> To: Metastockusers@xxxxxxxxxxxxxxx
>
Sent: Friday, December 03, 2004 5:44 PM
> Subject: [Metastockusers]
free means no $
>
>
> 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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