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Hey, Kurekci, you're right divergence works best when the market isn't
trending. But I don't understand your question about not knowing how
to find the trend. I've posted several times about how to use weekly
and daily moving averges to figure out which direction to trade in.
If you aren't sure what I was getting at, ask a few questions.
--- In Metastockusers@xxxxxxxxxxxxxxx, "K U R E K C I" <kurekci@xxxx>
wrote:
> 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 -----
> From: Jay
> To: Metastockusers@xxxxxxxxxxxxxxx
> 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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