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MG,
I don't normally do this but in this case I will.
I can't tell you about Roy's performance or track record. I can tell
you that I have seen a system that he developed with a greater than
80% successful track record. Roy's work is not about finding a
successful system though. It is about finding ways to work within the
Metastock formula language to successfully code indicators and
formulas. He has written a group of indicators called Trade Equity
that work within the explorer and perform as a system tester. Little
is said about this work but from my perspective I was personnally
floored to see its performance. Equis claimed it could not be done.
The same holds true for indicators/formulas that he writes.
Roy's publication is more about working around those wonderful
nuances that drive you stark raving bananas. If you write code then
his publication is a must! I am a subscriber and for my money its the
best buck I spend.
On the other hand there are those who write about trading, in this
case its a horse of a different color. Most of the work is
interesting but in reality I as well doubt their capability to
survive in the real world of trading.
Trading is not an easy road to follow. Learning how to do it takes a
lot of time and hard work. Success does not fall into your lap
overnight.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, mgf_za_1999 <no_reply@xxxx>
wrote:
> I feel bad about this post already, and wish I could take it back.
I
> really do not want an answer nor am I asking for Roy's track record.
>
> But....to be far.....
>
> What I really mean is this: you mention all the guys that write
books
> or magazines but won't survive trading. You also actively promote
> Roy's work.....
>
>
> Again, simply to be fair.....
>
> The same yardstick should apply don't you think.
>
> Regards
> MG Ferreira
> TsaTsa EOD Programmer and trading model builder
> http://www.ferra4models.com
> http://fun.ferra4models.com
>
> --- In equismetastock@xxxxxxxxxxxxxxx, mgf_za_1999 <no_reply@xxxx>
wrote:
> > To be fair, I should ask, hesitatingly so, if Roy trades the
markets
> > and what his track record is like.
> >
> > Regards
> > MG Ferreira
> > TsaTsa EOD Programmer and trading model builder
> > http://www.ferra4models.com
> > http://fun.ferra4models.com
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
<no_reply@xxxx>
> > wrote:
> > > I use the system tester, but I don't consider the results from
it or
> > > any tester to match what I'm going to get in live trading. The
results
> > > from the tester are relative. You can compare one systems test
to
> > > another systems test if you've used similar settings. This
gives you
> > > basic information as to the number of trades, duration of
trades, etc.
> > > That information can be used to rank systems, define conditions
under
> > > which one system works better than another system. However, if
the
> > > systems tester tells you you're going to get a 28.5% annual
rate of
> > > return and you believe that, oh well.
> > >
> > > After you've traded live for awhile, you should be able to
calculate
> > > the real rate of return for those market conditions. Each set of
> > > market conditions will have a different rate of return
regardless of
> > > the system design.
> > >
> > > I test almost all systems with buy or sell on open with a 1 bar
delay,
> > > even though I don't trade that way. It's all about keeping the
> > > comparisons relative. Once the system test is done, I go back
to my
> > > history files, pick periods corresponding to specific market
> > > conditions, and paper trade the system historically. That gives
me a
> > > feel for what's going to really happen in each of those market
> > > conditions. I keep those stats and compare them to the live
trading
> > > stats.
> > >
> > > Yes, it labor intensive but so is earning back the money you
lose if
> > > you believe anybody's system tests results are really right.
> > >
> > > I don't know Nora or JD.
> > >
> > > I use version 9 but it has a lot of bugs in it as all previous
> > > versions of MS have had, and Equis doesn't intend to fix any of
the
> > > bugs because there is no money in fixing bugs as long as the
basic
> > > functions work as described.
> > >
> > > Roy's newsletter is the best source of indicators and MS trading
> > > methods out there. He covers everything you will ever want to
know
> > > about the tester and explorer.
> > >
> > > I like some John Ehlers code. Most of it doesn't test out any
better
> > > than anyone else's. The IFT of the RSI is pretty good as is the
DCF.
> > > Both of them are fully explain in the newsletter.
> > >
> > > I like David's stuff.
http://www.alticom.com/indicators/overview.html
> > >
> > > Some of it is coded in Roy's newsletter. Equis has some of it
on their
> > > site but the code is wrong. The code in TASC is wrong also. The
B&Q is
> > > in the newsletter. I've coded several of his indicators, and
they work
> > > better than most of Ehlers except for the IFT and DCF. All of
David's
> > > stuff is hard to code. Oh, well.
> > >
> > > Have fun!
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "jim" <jimk_30045@xxxx>
wrote:
> > > > dear superfragilistic...how are you..i appreciate your
outrageous
> > > > unselfish and huge notes on anything you respomd too..i still
think
> > > > your JD...how's nora doing....and i hope your doing
> > > > well....anyway...here is my note...after reading all the
> > ^^(^^(*^*(^*^*
> > > > (^(*^(*^(*^(*^*(^ crap on the ST...do you use it...and the
delay
> is a
> > > > bunch of crap so do you do your alerts at 3:30pm as suggested
by
> the
> > > > classic Sprunger note to get an O H L C and do an order based
> on the
> > > > close....and place your trade by 4...i hope thiu is not
> > > > nonsense.......did you upgrade to 9.0.... the mesa note...do
you
> use
> > > > any on his code....or s. karnsisch code..thanks...
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