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PureBytes Links
Trading Reference Links
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When people first start using TA, they often think they've found the
grail with formulas that use the zig zag and peak and trough functions
or even forward references.
You'll have to do some internet research on the zig zag and it's
dynamic last leg.
Spyros Raftopoulos is an expert on the zig zag and has written a few
articles on it. Most of those were in Technical Analysis of Stocks and
Commodities Magazine. If you go to there website and do a search for
his name, you'll find a number of articles you can download and he
explains it.
Spyros is not on this site any longer, I don't think. He stopped using
MS a couple of years ago so I doubt he monitors this board.
Anyway, most of the passworded formulas can be duplicated with simple
stuff once you get experience.
You were wise to question what you saw. Nothing and I mean nothing
works that good in the world of TA.
Have fun!
--- In equismetastock@xxxxxxxxxxxxxxx, Agustinus Handy Utama
<joyofwork101@xxxx> wrote:
> Appologize for disturbing question. That is not really my intention
to hack. I was doing EST(system tester) on 5min charts EURUSD using pp
Bollinger Bands. I saw 3 suspicious things. 1. It made money without
any drawdown. My equity curve is straight linear. 2.Since it never
fails, it has very effective positions. All positions are posisive &
zero. 3. The funiest thing is that all of them have open position &
close pos in exactly one bar. Hmm. it got buy & sell signal in the
same bar all the time. Wow, I just feel nonsense.
> It is quite sense as you explain if it has some future references
> (like peak, through, or zigzag) which none of equis manual telling
me about it.
> I hope that is not reason for password.
>
> Thank's for advice on Roy's newsletter.
>
> ********************************
> This isn't a website for hackers. Many of the developers monitor the
> site and wouldn't appreciate someone telling you how to break
> anybody's password protection. It's passworded for a reason.
>
> Most pivot programs use peak and trough functions. Those have dynamic
> last legs which means the signals will show up one day and disappear
> the next. In the systems tester, the signals test out very well,
> giving results that are too good to be true.
>
> If you open a chart or two, roll the date back and then walk it
> forward on day, several days past the signal, you'll see a number of
> them disappear a few days pasted the entry point.
>
> Since I haven't seen the code for the program you mentioned, I can't
> be 100% sure they don't use some type of zig zag or peak and trough
> code, but every pivot program I've ever looked at either uses those or
> has forward references in it, which means you won't actually see a
> signal until two or three days after it's passed. Sweet!
>
> Have fun and try a hackers board for password breaking.
>
> In general, when the results are too good to be true, they are. If
> this or any other TA program worked great, the TA crowd would jump on
> it and everyone would be rolling out the money. The bankers and
> trading houses have spend billions trying to find magical TA formulas
> that will beat the market. Most of them still rely on common sense,
> and a good set of moving averages. Rocket science has brought little
> to the party so don't expect a $300 program to get you anything except
> a few thousand in loses.
>
> If you really want to learn some interesting stuff about how MS works,
> how trading works and interesing ways to approach the market to
> improve your odds of winning, read Roy's newsletter.
>
> www.metastocktips.co.nz
>
> There some common sense trading techniques in there that might just
> give you what you're looking for.
>
>
>
>
> ---------------------------------
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