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Jose's code is exactly the problem with E Waves.
E Waves are great in hindsight.
Read: Fooled by Randomness
When the market is going up almost anything works (70% of the time).
You have to get used to Jose's sense of humour. This is a perfect
system in hindsight, but will not give you trading signals real-time.
The zigzag system will give you a signal only after the fact, once
the condition of the reversal change has been satisfied.
>
> Dusant
> ----- Original Message -----
> From: Arifin Latif
> To: equismetastock@xxxx
> Sent: Thursday, December 30, 2004 9:40 AM
> Subject: Re: [EquisMetaStock Group] Elliot Wave MetaStock code
>
>
> Dear Jose,
>
> I am still not getting the output correctly, sorry I
> am not that IT savvy. What I have tried was copying
> your EW, EW count, and EW signals separately as new
> indicators in the Indicator Builder... and the picture
> I got (for Malaysia's KLCI) is as in the attachment).
> However the indicators aren't giving me any insight,
> e.g. the EW signal is flashing out like a seismograph
> (Richter scale-like thing). Did I missed out any code
> like "$ (login here)"?
>
> Apprecaite some advice.... cos if it really works all
> of us can share it, if you don't mind. Al in all I am
> expecting some kind of output as in Advanced GET.
> Correct me if I misunderstood your codes.
>
> TQ. gracias.
>
> Arifin Latif
> "malaysiankgb"
>
>
> Normally $(login here), now exclusively free:
>
> AIT method - Advanced Impulsive Trading method:
> Buy when Elliot Wave Signals = 1;
> Sell when Elliot Wave Signals = -1.
>
> ACT method - Advanced Corrective Trading method:
> Look for freshly-plotted EW troughs, buy in
> retrospect;
> Look for freshly-plotted EW peaks, sell in retrospect.
>
>
> jose '-)
> Yahoo! India Matrimony: Find your life partneronline.
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