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whatever the system is i would test if it suits me
for some time eh?
divergence is cool, but it doesnt work all the
time, whats more i suppose it fails generally.
what i found out is especially if the market is
trending the divrgence trading fails. but if the market is not trending
(terminology by wilder) divergence trading works.
my problem is finding out a solid indicator to see
if market is trending or not...
maybe a composite indicator i dunno...
superfraga gave a very different angle to my
problem. he said it is not important to catch the tred, more important is that
you get on it at a point and not leave early..
i have to think about it but still my life would be
much easier if i caolu find something to see if market is treding or not. :
))
whatever discussio we have we should preserve the
friendly atmosphere here, right?
cheers
----- Original Message -----
Sent: Sunday, January 30, 2005 12:42
PM
Subject: [Metastockusers] RE:MACD
Histogram Divergence kit satisfaction
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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