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Jhonny Gilla,
You should be fortunate enough to interact with "Jose" at your
initial learning phase.I was always the last boy of the class who
always toiled hard than others only to find himself amongst the last
10.Many mid night oil has to be burnt only to disect Jose's codes
step by step to learn MS.Nobody has the "Holy Grail" not even Larry
Williams ,who has demonstrated to the Trader world openly contesting
each year in the past with a fixed Equity capital ,given to all
contestants that he was THE BEST .Unfortunately he also does not have
THE indicator.It is not the indicators/Oscillators alone.By the by i
have never subscribed to Jose's famous ,system,but it is one of the
best.But i am truly a fan of Master coder like "Roy" "Jose" etc.They
have contributed freely & unknowingly helped to develop traders like
us.
Asish
--- In equismetastock@xxxxxxxxxxxxxxx, jony gila
<hypersteroid2000@xxx> wrote:
>
> I have to admit a few months ago I was a dumb. Not
now!!!!!!!!!!!!!!!!!!. Things ends when some one put an effort on his
work
>
> I presume your indicator can be used as a trigger signal which in
other words one wish to design a trading system by this indicator.
the logic behind this conversation is "if a one thing is soo good
often a person keeps it as his proprietary, however since he is not
too sure whether this indicator is usefull he try to throw it to
other let other tested. once the crappy report is generated, he will
imediatelly rubbing his hands to collect what ever the rubbish
result. " If you are so confident on this indicator why dont you use
the trade sim to test it you are the mechanical guy
right???????????????. Also talking on a fully mechanical system Its
been a while I didn't chase some wild goose mainly on the chart
pattern. one may say this is the lowest low or other might say this
is a head and shoulder. thus your trading signal become very
confusing and cause you headache
>
>
> Talking on designning an system, I agree if someone has to spend a
quality of time in his research and some heve to use a complex
arguments as well as a customed indicator. As your kitchen has to
steam up 3 times, there must be a limited time spend that has to
enacted.
>
> Sounds you are on top of every one. Do you have any open position
to trade ?????? I am not to sure as some of your systems are like
most of any cost averaging system. If you see trade station you may
find that the system's name are the same as your average system is
this just a coincidence????????
>
>
> I strongly suggest to those who see this conversation not to easily
fall into a cheap skate offer. If not sure DONT TRADE!!!!!!!!!!!!!!
>
> ----- Original Message ----
> From: Jose Silva <josesilva22@xxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Monday, 6 November, 2006 1:36:38 PM
> Subject: [EquisMetaStock Group] Re: Countback-type Oscillator and
signals
>
> Your inexperience shows in your post, Hypersteroid.
> Anyone that bases a complete trading strategy on any one single
basic
> indicator based on price alone, deserves to learn a hard lesson and
> lose some trading capital in the process.
>
> The main reason in posting the indicator is for members to learn
and
> experiment with it, not trade its basic signals.
>
> Eyeball a few charts with the oscillator, and you may yet find some
> useful patterns in conjunction with some basic market fundamentals.
>
> Experiment with the indicator's code, use some of it as a basis for
> other indicators, and learn some non-documented MetaStock
programming
> techniques in the process.
>
> In other words, the posted indicator is only the start of one of
many
> learning journeys, and not a Holy Grail destination.
>
> As for the second mouse, only crumbs left for him in this rat race
> I'm afraid. ;)
>
> jose '-)
> http://www.metastoc ktools.com
>
> --- In equismetastock@ yahoogroups. com,
> "hypersteroid2000" <hypersteroid2000@ ...> wrote:
> >
> > Geeeezeees. the coding looks fine but for me not more than a holy
> > junk bucket.
> > nah, to see how this indicator help your trading system just
traded
> > lively. IMO this indicator looks like any other average
indicator.
> > Just trade it in CFD market. I guarantee your account must be
> > bleeding red.
> >
> >
> > CUT AND PASTE THE FOLLOWING WISE WORDS------- --------- ---->
EARLY
> > BIRD MIGHT GET THE WORM BUT ALWAYS THE SECOND MOUSE THAT GET THE
> > BEST CHEESE
> >
> > ):
> >
> >
> >
> > --- In equismetastock@ yahoogroups. com, "Jose Silva"
> > <josesilva22@ > wrote:
> >
> > The countback nature?
> > To count events backwards.
> >
> > What does it do?
> > It counts events backwards.
> >
> > The general theory?
> > Count events backwards.
> >
> > I look forward to the countforward theory.
> >
> >
> > jose '-)
> > http://www.metastoc ktools.com
> >
> >
> >
> > --- In equismetastock@ yahoogroups. com,
> > "formulaprimer" <formulaprimer@ > wrote:
> >
> > What is the nature of the countback theory. what does it do
> > exactly.
> > what is the general theory for it?
> > thanks.
> >
> >
> >
> > --- In equismetastock@ yahoogroups. com, "Jose Silva"
<josesilva22@ >
> > wrote:
> >
> > I've been playing around with the Countback-type Oscillator
below,
> > and some signals based on it look promising on some charts.
> >
> > Indicators/Oscillat ors of this type don't generally suffer from
the
> > lagging characteristics of mainstream smoothed indicators (e.g.
> > Stoch, MACD, MAs, etc), and they lend themselves to promising
> > signals.
> >
> > Any suggestion for a suitable name for this oscillator is welcome.
> >
> >
> > MetaStock -> Tools -> Indicator Builder -> New
> > -> copy & paste complete formula between "---8<---" lines.
> >
> > ============ ========= ====
> > Countback-type Oscillator
> > ============ ========= ====
> > ---8<------- --------- --------- --------- ---
> >
> > { Countback-type oscillator & signals v2.0
> > Incorporating automatic overBought/Sold levels
> > Trade at own risk.
> >
> > ©Copyright 2005~2006 Jose Silva.
> > The grant of this license is for personal use
> > only - no resale or repackaging allowed.
> > http://www.metastoc ktools.com }
> >
> > { User inputs }
> > pds:=Input(" Oscillator countback periods",
> > 1,252,21);
> > plot:=Input( "plot: [1]Oscillator, [2]Signals",
> > 1,2,1);
> > type:=Input( "signals: [1]OBought/Sold, [2]Higher Lo, Lower Hi",
> > 1,2,1);
> >
> > { Countback oscillator }
> > C1:=Ref(C,-1) ;
> > x:=Sum((C>C1) *(C-C1),pds)
> > /Max(Sum(Abs( C-C1),pds) ,.000001) *100;
> >
> > { Automatic overBought/Sold levels }
> > avg:=Cum(x)/ Cum(IsDefined( x));
> > pk:=Ref(x,-1) =HHV(x,3) AND Ref(x,-1)>avg;
> > pkVal1:=ValueWhen( 1,pk,Ref( x,-1));
> > pkVal2:=ValueWhen( 2,pk,Ref( x,-1));
> > pkValAvg:=Cum( pkVal1)/Cum( IsDefined( pkVal1));
> >
> > tr:=Ref(x,-1) =LLV(x,3) AND Ref(x,-1)<avg;
> > trVal1:=ValueWhen( 1,tr,Ref( x,-1));
> > trVal2:=ValueWhen( 2,tr,Ref( x,-1));
> > trValAvg:=Cum( trVal1)/Cum( IsDefined( trVal1));
> >
> > { OverBought/Sold signals }
> > entry:=x<trValAvg;
> > exit:=x>pkValAvg;
> >
> > { Higher troughs / lower peaks signals }
> > entry:=If(type= 1,entry,
> > trVal1>trVal2 AND x>pkVal1);
> > exit:=If(type= 1,exit,
> > pkVal1<pkVal2 AND x<trVal1);
> >
> > { Clean signals }
> > init:=Cum(IsDefined (entry+exit) )=1;
> > bin:=ValueWhen( 1,entry-exit< >0 OR init,entry);
> > long:=bin*(Alert( bin=0,2)
> > OR entry*Cum(entry) =1);
> > short:=(bin= 0)*(Alert( bin,2)
> > OR exit*Cum(exit) =1);
> >
> > { Plot in own window }
> > If(plot=1,pkValAvg, 0); {Grey}
> > If(plot=1,avg, 0); {Grey}
> > If(plot=1,trValAvg, 0); {Grey}
> > If(plot=1,x, long-short)
> >
> > ---8<------- --------- --------- --------- ---
> >
> >
> > jose '-)
> > http://www.metastoc ktools.com
>
>
>
>
> Send instant messages to your online friends
http://au.messenger.yahoo.com
>
> [Non-text portions of this message have been removed]
>
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