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Re: [EquisMetaStock Group] Elliot Wave MetaStock code



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If you hunt around on the net, you'll be able to find an Elliott Wave course. When you get to lesson 28 or so you'll find they don't recommend it for stock trading. It will work on the bigger indices. However, if you engage 2 different Eliott traders, you tend to find three different opinions. One option might be to trade ABC corrections. The success level is relatively low (<40%) but if managed corretly, you could potentially make a good profit. this is the basis of MTPredictor - www.MTPredictor.com.  I attended a lecture by Griffiths some while ago at the STA - can't say i was overwhelmed. You might also have a look at David Murrin's site - www.wavecounts.com
----- Original Message -----
From: mwtang
Sent: Sunday, April 10, 2005 1:59 PM
Subject: Re: [EquisMetaStock Group] Elliot Wave MetaStock code

Dear Jose,
                 I had installed Elliott Wave Metastock code , But I still
don't know how to apply it to the market. Could you please explain how
to apply it to the market ? Thank you !

Mun Wai.

----- Original Message -----
From: "Jose" <josesilva22@xxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Thursday, December 30, 2004 1:25 AM
Subject: [EquisMetaStock Group] Elliot Wave MetaStock code





This Elliot argument has been thrashed around since the dawn of time.
It's unlikely to be resolved here, but the fact is, Elliot Waves can
and do generate wealth.
Here is an actual example:

"The two-day Beginner Elliot Wave class costs just $1499, and you keep
the entire 10-DVD set!
The 2-day Intermediate course costs just $2999."
The 2-day Advanced course needs a password login to view the cost.


Now, after years of staring at charts to the point of becoming
delusional, I am ready to divulge the complete Elliot Wave MetaStock
code, here, for free.


Normally $129, now exclusively free:

===========
Elliot Wave
===========
---8<-------------
{ ©Copyright 2004~2005 Jose Silva
  The grant of this license is for personal use
  only - no resale or repackaging allowed.
  All code remains the property of Jose Silva.
  http://users.bigpond.com/prominex/pegasus.htm }

{ User input }
pr:=Input("Elliot Wave minimum % move",
.001,100,2);

{ Beginner Elliot Wave stuff }
EWpk:=PeakBars(1,H,pr)=0;
EWtr:=TroughBars(1,L,pr)=0;

{ Intermediate Elliot Wave stuff }
zz:=Zig(C,pr,%);
zzHi:=Zig(H,pr,%);
zzLo:=Zig(L,pr,%);
avg:=(zzHi+zzLo)/2;

{ Advanced Elliot Wave stuff }
RetroSuccessSecret:=If(EWpk,zzHi,
If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));
EW:=Zig(RetroSuccessSecret,pr,%);

{ Plot on price chart }
EW
---8<-------------


Normally $129, now exclusively free:

=================
Elliot Wave Count
=================
---8<-------------
{ ©Copyright 2004~2005 Jose Silva
  The grant of this license is for personal use
  only - no resale or repackaging allowed.
  All code remains the property of Jose Silva.
  http://users.bigpond.com/prominex/pegasus.htm }

{ User input }
pr:=Input("Elliot Wave minimum % move",
.001,100,2);

{ Beginner Elliot Wave stuff }
EWpk:=PeakBars(1,H,pr)=0;
EWtr:=TroughBars(1,L,pr)=0;

{ Forget Intermediate, jump to Advanced Elliot Wave stuff }
EWcount:=Cum((EWpk+EWtr)/2);

{ Plot on own window }
EWcount
---8<-------------


Normally $(login here), now exclusively free:

===================
Elliot Wave Signals
===================
---8<--------------
{ ©Copyright 2004~2005 Jose Silva
  The grant of this license is for personal use
  only - no resale or repackaging allowed.
  All code remains the property of Jose Silva.
  http://users.bigpond.com/prominex/pegasus.htm }

{ User input }
pr:=Input("Elliot Wave minimum % move",
.001,100,2);

{ Elliot Wave engine }
EWpk:=PeakBars(1,H,pr)=0;
EWtr:=TroughBars(1,L,pr)=0;

zz:=Zig(C,pr,%);
zzHi:=Zig(H,pr,%);
zzLo:=Zig(L,pr,%);
avg:=(zzHi+zzLo)/2;

RetroSuccessSecret:=If(EWpk,zzHi,
If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));
EW:=Zig(RetroSuccessSecret,pr,%);

{ Buy/Sell Elliot Wave stuff }
EWbuy:=TroughBars(1,EW,pr)=0;
EWsell:=PeakBars(1,EW,pr)=0;

{ Plot on own window }
EWbuy-EWsell
---8<--------------


Normally $(login here), now exclusively free:

AIT method - Advanced Impulsive Trading method:
Buy when Elliot Wave Signals = 1;
Sell when Elliot Wave Signals = -1.

ACT method - Advanced Corrective Trading method:
Look for freshly-plotted EW troughs, buy in retrospect;
Look for freshly-plotted EW peaks, sell in retrospect.


jose '-)









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