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Steve, Seen your name and website before. . Would like to see you
less bothered with Super's web postings and instead contributing to
this forum. You probably don't have the time to do that or "help"
anyone here.. so why go after Super who does? For myself, I do
appreciate all the suggestions he has made and also enjoy my
subscription to MSTT. I have incorporated several of them, read books
he has recommended. If you have the same type of background as he
does, why don't you seriously contribute? Have I just missed your
postings? Or do you just lurk in the background..
--- In equismetastock@xxxxxxxxxxxxxxx, "CedarCreekTrading"
<kernish@xxxx> wrote:
> Super,
>
> Hey, no problem...you don't sound like a broken record...you sound
like a shill (a huckster, a non-stop marketing, full-court press).
For a forum that doesn't allow advertising and marketing, I'm still
trying to figure out why pumrysh allows this day-to-day bombardment.
So, Preston, does this mean that all posters that actually "help"
people trade are allowed to pummel the list with unsolicited
advertising? Or, is this forum just for "certain" people to
advertise what they sell, everyday?? Inquiring minds want to know.
>
> Take care,
>
> Steve
> ----- Original Message -----
> From: superfragalist
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Sunday, April 03, 2005 4:05 PM
> Subject: [EquisMetaStock Group] Re: Metastock Add-Ons and Plug-Ins
>
>
>
> I don't mean to sound like a broken record, but I've used and/or
> tested almost all of the plug-ins and none of them are very good
in my
> opinion, especially for a longer term investor. I've benched
marked
> the plug-ins against all of the systems I use daily, so I know how
> they perform against my standards.
>
> The only one that's worth much is Bressert's, but it's really
designed
> for day trading. It can be used EOD also.
>
> Trade Oracle is almost the same as Performance systems but it has
more
> gloss on it. It's a lot of small formulas that catch an entry
here or
> there. Even though the formulas are simple, some of them work
okay. As
> far as exits go, there's nothing in there I would bother with.
Trade
> Oracle has the best front end of any MS product. Some of it is
better
> desgined and programmed than MS itself. It also costs nearly
twice as
> much.
>
> AlphOmega is Elliot wave wanta be stuff, but I think it uses peak
and
> through functions, which create their own problems.
>
> Chart patterns is so, so. Most patterns aren't reliable for a long
> term trader. Some chart patterns in general seem to work okay, but
> I've found higher probability ways to trade so I don't bother
with too
> much searching for patterns.
>
> Bollinger Bands was the least effective of the ones I looked at,
at
> least in my opinion. Candlesticks is okay, if you like candle
sticks.
> But there is no magic in there. Power Pivots is more peak and
trough
> functions.
>
> ICE is good for developing symbol specific systems. Most people
who
> buy it don't know how to use it properly. If they did they'd get
much
> better results. It's best for a trader who doesn't know anything
about
> systems development but wants to only trade a small group of
stocks. I
> like ICE because it will force you to struggle through systems
> development exercises until you learn about systems development--
well,
> some people will learn!
>
> Trend Medium is curve fitting but on a daily basis. ETS is one I
> haven't used--and I don't think many other people have either.
> MetaMarket is so low on the fundamental analysis scale it doesn't
> register as far as I'm concerned. SpyGlass is a mish-mash of old
tools.
>
> Now for the broken record part. The absolute best add-on you can
get
> for MS is Roy's newsletter, even if you don't want to learn to
program
> your own functions. www.metastocktips.co.nz
>
> Roy realized from the beginning there was a limited market for
> programming education so he added a lot of information on the
systems
> tester, explorations and now a trading series.
>
> I've tested and traded everything that's going into the first
trading
> series from Roy. In my opinion, all of the techniques in MSTT
produce
> better results than the other MS plug-ins and add-ons. The April
and
> May issues have some of the best information on trading using TA
that
> you're going to run across--well, again I should say, it's the
> clearest, most logical trading information I've run across.
Someone
> else may have better stuff so if they do, I wish they would share
it
> with Roy's subscribers so I can get a chance to test it.
>
> Most people who try to use TA go off on an indicator fascination
trip
> trying to find the one or two indicators that work in every
market and
> find the best entries. That's a wild goose chase. (grail chase)
>
> Using TA to trade stocks is not that difficult, if you understand
a
> few fundemental things and you use the right strategy and
approach to
> markets. Most people don't. They start out thinking that TA is
some
> magic bullet that's going to make them rich. Or that a specific
> indicator is going to tell then when to buy and sell a stock.
>
> After a couple of years chasing their butts, they figure out that
> they've missed the boat. Some get lucky and stumble on something
that
> works okay for them, but most spend thousands of dollars
listening to
> guru's fill their heads full of crap, and then they still don't
make
> any money. The statistics that say that 95% of TA users and want-
ta-be
> traders fail is true. How can so many people be chasing the wrong
stuff.
>
> Based on my experience, what's wrong is not TA itself, but the
> strategy and approach newbie's take trying to figure out what to
do
> with it. Why do you think that MS DOES NOT come with a template
that
> allows everyone to make money as soon as they install MS on their
> computers? Because there is no such thing, so Equis can't sell it
to you.
>
> Making money using TA is not about having the right indicators,
the
> right plug-ins, the right guru chart setups--it's about how you
see
> the markets and understand what works and why it works and when
it works.
>
> The reason I keep recommending Roy's newsletter is because it's
has
> information in it that will change the way people see trading. It
will
> open their eyes to how money can be made on a consistent basis.
>
> At this point, the skeptics are going to say, well if the stuff
in it
> works so well, why doesn't everyone use it. The techniques in
Roy's
> newsletter are simple. Some people like simple, some people don't.
> Some are happy making 80% of the maximum amount they could make
> without having to become a full time student of TA and get a Ph.D
in
> trading. Others want to move beyond the 80%, and they feel they're
> willing to pay the price to get there, or at least lose everything
> trying.
>
> That's fine. You only have to ask yourself a simple question--is
what
> I'm doing working or not!
>
> If it is: keep doing it. If it isn't, the cost of Roy's
newsletter is
> an inexpensive way to learn a lot of new stuff you didn't know
and get
> a chance to experiment with simple instead of complex. If it
works for
> you then it was worth many, many times it's price, and if it
doesn't,
> it was cheaper than a bunch of plug-ins that you have to sell on
ebay.
>
> Yes, it has coding instruction, indicators, system tester
information
> and explorer information in it, so everyone can get something
useful
> out of it to apply to their trading. However, what I think is the
most
> useful part of the newsletter is the way it will change people's
view
> of trading and could help them find a strategy that's comfortable,
> consistent and easy to execute.
>
> The April and May issues are going to consolidate many of the
things
> that have been said in back issues to this point. Then from June
> through the next few months Roy is going to have articles telling
you
> how other traders do things so readers can contrast other's
trading
> methods and find what works best for them.
>
> Rather than give Equis $250 or more for plug-ins you're not going
to
> get anything out of, you be far better off giving Roy $180 for 18
> months worth of learning about how use MS to make money.
>
> For those of you who are tired of hearing me say Roy's newsletter
is
> an important tool for learning to trade, sorry I bore you. I
guess you
> should stop reading my posts.
>
> If you're a subsriber, you know why I keep posting these
messages, and
> after May you'll feel even better about where you are and what
you've
> gotten.
>
> Maybe someone else will give you some feedback that one of the
> plug-ins is the cat's meow when it comes to trading. I don't
know.
>
> Have fun!
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "calc103" <calc103@xxxx>
wrote:
> >
> >
> > I have Metastock 8.0. I have been learning the system through
> > Metastock Programming Study Guide. I am a buy-and-hold trader.
> >
> > I am prepared to purchase three Metastock Add-On or Plug-Ins.
> >
> > Which three would best suit my purpose?
> >
> > Thanks for any advice.
> >
> > calc103
>
>
>
>
>
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