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--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx>
wrote:
>
>
> Kut2k2, it seems that you've missed the gist of my post.
> Your intense diatribe seems typical of someone that is well
entrenched
> in his/her attachment to a particular idea or piece of software.
I'm attached to the idea of tools that actually work. You're attached
to the idea of Metastock uber alles.
>
>
> > Face it, Jose, you have more than an emotional investment, you
have
> > a financial investment in MS as well.
>
> Unlike yourself, I don't have an emotional investment in any
software
> all - I just happen to use what works best for me at the time.
> Linux is far superior to Windows, yet the latter is more useful and
> productive for me at the moment. The same applies to any AB vs MS
> argument - you will find none from me.
Windoze is only "more useful and productive" because Linux lacks the
applications that Windoze gets. Gates got his inferior OS out first
and farthest, so too few users and app companies support Linux to make
it practical for advanced trading software. Comparing that to AB vs
MS is like apples and oranges.
>
> I'm not interested in either being a software groupie, nor defending
a
> piece of code to the death.
> My investment is on life. Time is shorter and much more valuable
than
> most people believe.
What makes you assume I'm saying something different? Time is too
short to keep investing in an inferior product (MetaStock) that just
won't do the job of trading in the 21st century. The days of Richerd
Dennis using a simple channel breakout for wealth are over.
>
> When it comes to trading, I just can't find the time nor the
patience
> to dedicate my life and energy to purely intellectual pursuits.
> I certainly don't have the freely available time & patience to turn
> charting into a geeky hobby.
>
> My "financial investment" in MetaStock happens to be a side-effect
of
> trading. I enjoy helping others that are prepared to help
themselves,
> and will continue to do so for as long as I can.
>
> Furthermore, I feel that I have a responsibility to not only help
> others, but to point out the traps and mistakes which I have already
> been through myself.
>
>
> > Basic building blocks don't mean squat if you can't apply them in
> > innovative ways.
>
> Innovation comes from within, not from charting software.
Do you know the difference between theory and practice? It seems to be
a sticking point for you. Again, innovation means little if the tools
won't let you apply it.
> > That, plus all the nightmares I keep hearing about the system
tester
> > make me glad I never upgraded my MS and pushes me more and more
> > towards AB.
>
> The system tester is the most overrated and useless tool in both MS
&
> AB, for different reasons. Optimizing/curve-fitting system
parameters
> & backtesting without realistic expectations, no matter how
> impressively complex it may seem, are the biggest enemies of a true
> system developer.
> If you want real backtesting without associated distractions, try
> TradeSim.
In other words, I have to buy (and learn!) another expensive piece of
software to make MS "work". Yeah, there's real incentive to buy or
upgrade MS. Not. AB is improving at lightspeed compared to MS. Last
year they couldn't do portfolios, now they can. Why would I need
TradeSim when AB will be passing it any week now? For less than 200
bucks, I can custom trade at any time scale from months to minutes.
>
> > Ever want to try fixed-fractional position sizing your trades?
Good
> > luck doing that with MS.
>
> I can do this without any problem in MS.
Not from anything you got from Equis, which is what the paying
customer should expect.
> > Did Equis ever correct the code for vhf()? Just morbidly curious.
>
> Just morbidly curious - would you happen to know what to do with the
> Vertical Horizontal Filter?
I probably know VHF better than you do. You didn't know the MS code
was wrong, did you? It was almost the first thing I noticed when I
skimmed thru a hard copy of the TAAZ years ago. I immediately
discovered that Achelis hadn't corrected his error when I bought
MetaStock a year later. I now use my own custom CORRECT code for vhf
when I use it. Which is rarely anymore because I've since invented my
own improved trend indicator.
> If so, how would you use it in your
> trading strategy? Ask yourself: could this perhaps be another
> intellectual pursuit that has little or no relevance to real
trading?
Yeah, finding the trend is always "irrelevant" to trading strategy.
Maybe you're not as smart as you think you are, afterall.
> >...given that I KNOW the BHI is garbage,
>
> My advice here is: don't get caught-up on jargon and processes that
> have little or no relevance to real-world trading. Use the tools
that
> you are most comfortable with, which can extend and realize your
> potential without bogging you down with unproductive pursuits.
>
>
> > If you can't implement those thoughts because of a limited MFL,
what
> > good is it?
>
> You see, a limited formula language can have some unexpected
> usefulness - it can help prevent a potential trader from turning the
> whole system development process into a complex intellectual pastime
> that has little or no relevance to the real trading world. One only
> has to look at the thousands of useless indicators available, to
> understand this.
>
> Let's face it: if you are really interested in developing a
successful
> trading strategy, you certainly don't want to spend a great
proportion
> of your life with coding bits and pieces that have little or no
> relevance to the real markets. A degree in rocket science is not a
> prerequisite here.
What makes you assume I, or for that matter, other frustrated MS users
are wasting our time on "irrelevant" indicators and strategies? Keep
telling yourself that you're the only person capable of coming up with
practical indicators that beat anything in the public domain. That
smug ignorance is most revealing.
I've reverse-engineered Mark Jurik's CFB indicator. Can you claim the
same? If so, welcome to the club. If not, step back and stop
assuming you know everything a system designer "should" be able to do
with MetaStock.
> > For those of us who don't, some of your points don't make
> > a lot of sense.
>
> Take a deep breath, a step or two back, and you may catch a glimpse
of
> the bigger picture.
>
> Attachment to any specific idea, guru, or piece of software, is
deadly
> in this game. A warning sign is a lack of humor, and taking offense
> (even if none was intended) when one's favourite software seems to
be
> attacked. Let go, and you'll become both a better trader and human
> being.
Again, all I want is an advanced trading tool that *works*. I don't
care if it's called AmiBroker, MetaStock or Joe's Fancy System Trader.
What I do know right now is that that tool is NOT called MetaStock.
>
> All the power of modern hardware & software, is not really necessary
> to become a good trader: by all means, look for help out there, but
> search for the answers within.
This sounds suspiciously like discretionary trading. I'll pass.
kut2k2
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