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To me a complete trading system means that it is totally mechanical and you
take every entry and exit signal. I have not found any "complete" system
that works with MetaStock.
However, while trying to use the MACDH system for my EOD futures trading I
have found several errors in it. Many times, it fails to generate signals
when there is in fact divergence; it generates signals when there is no
divergence; and the MACDH Exploration at times returns signals that are not
identified by the MACDH Expert. Also, the documentation is horribly lacking
and while this 'system' claims to be a MACD Histogram system, nowhere in any
of the documentation or in communication with Jose will he provide that
formula for the MACD Histogram
While Jose is a MetaStock savant, he becomes a raving maniac when you point
out the errors of his system and refuses to investigate them claiming that
his MACDH is "perfect" - as is. That is, he believes it has no errors.
If you wish to view divergence, you can plot the MACD Histogram (formula
below) and watch it for yourself. You do not need the MACDH software. The
MACD Histogram system is vastly overpriced, has many errors, and support is
very much lacking. The Walter Bressert system runs circles around it and is
much, much cheaper.
Jim
The MetaStock formula for the MACD Histogram is:
( Mov( C,12,E ) - Mov( C,26,E ) ) - Mov( ( Mov( C,12,E ) - Mov(
C,26,E ) ),9,E )
Kathay wrote:
> this is not a complete trading
> system but provides great signals and you will use your favourite
> money management methods to beat the market.
Sorry for my humble question but isn't that more sensible and more
marketable to sell it as a complete trading systems?
Kathay
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