|
PureBytes Links
Trading Reference Links
|
Hi David,
"However, I do believe random entries would be the best entry, only if the
market was random" - I couldn't agree more with you, which is why I aim to entries >50%, ie., 51-53 % range.
I am not saying that entries are not important - for me they are; my point is that too much importance is put on them!
There are a lot of trading "gurus" milking well-meaning, but ignorant traders by just exploiting this fact, and quite frankly, it makes me sick.
So, if I can make a difference on this, I'll just try; use your set-ups, by all means, just as I use mines, but please, be aware of their limitations.
There are lots of people who trade by using fundamentals as their main decision making tool, do not even look at indicators like RSI or CCI or Stochastics, yet they are succesful and profitable traders - all they look in a chart is if the price is going up, that's all!
Exits are more important than entries - just try widening your stop losses and see how this affects your overall performance; of course, when I do this, I always ask myself: "have I got what it takes to trades this system?".
Now, that is another story.
Eduardo.
david <dwei9361@xxxxxxxxxxxxxx> wrote:
Hi Eduardo
I agree with your comments. There are some very insightful trading games
which can prove this point as well.
However, I do believe random entries would be the best entry, only if the
market was random ;)
Regards
Dave
_____
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Eduardo Gontan Pulgarin
Sent: Tuesday, 7 November 2006 8:53 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] Re: Countback-type Oscillator and
signals
paulyes.how can I put this in words?
I'll try; first at all, I do not trade intraday; my MS copy is EOD.
Secondly, did you know that the Holly Grail Indicator does exist? Yes, it
does!
But you've got to find it, and then learn to use it!
I can help you with the former, but not with the latter - although I shall
try!
And now the Holly Grail Indicator is (ta-chamm!).right between your ears!
Yes, that is your brain; that is the best indicator you will ever find, and
it is already pre-programmed for you! Fantastic, isn't it? It is even better
than any computer in the world!
Now, the hard part - please, follow this link: http://www.dayforex
<http://www.dayforex.com> .com and if you can, purchase the e-book; I found
it enlightening when it comes to trading Forex.
You know, I have earned money trading the markets; not much, though. But I
have lost all I have earned because I focused my attention on the wrong
things; indicators and explorations are as likely to make money for you, as
to make you lose it!
I prefer to concentrate on risk and money management, on testing exits as
opposed to entries.
Did you know, for example, that very, very few entries are significantly
above random odds, that is, >50%?
Well, now you do. Yet there are tonnes of indicators offering new, sometimes
"secret" timing entries which will make you a fortune.Test them with Jose's
tools, then we'll see the real chances of making it or, more likely, of
breaking the bank account!
How about exits, how do you go about testing them? Contrary to what you may
think, I am not patronising you nor mocking you here; in fact, I doubt many
people know how to answer this question in this forum. Yet exits are more
important than entries - they realise a profit or a loss; you can make money
with good exits and random entries, but it won't work the other way round!
And if you don't believe me, then by all means, go ahead, use your Trading
Advantage to your heart content - just make sure that your bank account has
lots, big lots of money in it, because you will need it.
Indicators and explorations are good if you know how to use them, but most
people do not know how to do that, a fact supported by the sad statistics
that 90%+ traders don't make it in this game.
Keep that in mind before posting *come on.* again.
I sincerely hope that the above will somehow help you; it did help me!
Eduardo.
paulyes <paulyes@xxxxxx <mailto:paulyes%40gmail.com> com> wrote: U should
try Forex Trader`s Advantage...great system
-----Original Message-----
From: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com [mailto:equismetastock@
<mailto:equismetastock%40yahoogroups.com> yahoogroups.com]
On Behalf Of Eduardo Gontan Pulgarin
Sent: Tuesday, November 07, 2006 1:16 AM
To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com
Subject: Re: [EquisMetaStock Group] Re: Countback-type Oscillator and
signals
Well yes, I do come!
Please, Sir, perhaps you would consider following this link at some point in
time, maybe when you feel that your finger will not break by the effort of
clicking the mouse, and then , reading the contents of the website:
http://www.metastoc <http://www.metastoc
<http://www.metastocktools.com/URSC/sysdev.htm> ktools.com/URSC/sysdev.htm>
ktools.com/URSC/sysdev.htm
A word of advice, though: the information herein contained is for trading
purposes, so be careful - you would not want your mind to be blown away!
Assuming that you survive the lecture of these articles, Sir, permit me, if
you please, to draw your attention to this other link: http://www.metastoc
<http://www.metastoc <http://www.metastocktools.com/URSC/URSC.htm>
ktools.com/URSC/URSC.htm> ktools.com/URSC/URSC.htm
And to this one: http://www.metastoc
<http://www.metastoc <http://www.metastocktools.com/URSC/URSC-US.pdf>
ktools.com/URSC/URSC-US.pdf> ktools.com/URSC/URSC-US.pdf
Do enjoy your lecture Sir.
And now, sarcasm apart, when I post a message to this forum, I do it with
the best intentions in the world; I do not, ever, take anybody as an idiot,
and do not take it kindly when someone replies "come on." to one of my
posts, specially as I can support it with facts.
So let's keep this straight: I am not an idiot either!
Good evening, Sir.
Eduardo.
tzh20pp2000 <paulyes@xxxxxx <mailto:paulyes%40gmail.com> com> wrote: "A
couple of points about this, jony:
1).It's been a year or so since Jose last used Tradesym; I know
because he told me, instead he uses his "profit indicators " which
come with with either the URSC kit or the Divergeance kit, on the
basis that Tradesym his not flexible enough for position sizing, and
David Samborsky, Compuvision boss, seemed uninterested when
contacted by Jose on this matter.
So Jose designed his own backtesting indicators."
Come on...
--- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, Eduardo Gontan Pulgarin
<con051204@xxx> wrote:
>
> A couple of points about this, jony:
> 1).It's been a year or so since Jose last used Tradesym; I know
because he told me, instead he uses his "profit indicators " which
come with with either the URSC kit or the Divergeance kit, on the
basis that Tradesym his not flexible enough for position sizing, and
David Samborsky, Compuvision boss, seemed uninterested when
contacted by Jose on this matter.
> So Jose designed his own backtesting indicators.
> 2).I think that everybody knows on this forum what a gentleman
Jose his, as he has been replying to lots of coding requests - and
to be fair, some of his solutions are quite complex, beyond the
ability of many in this forum, myself included.
> As a matter of fact, he has even warned (ad nauseam, I should
add) on the perils of such strategies based on the Zig Zag
indicator, and stressed that there is not such a thing as the Holly
Grail Indicator itself!
> I wish you could have a glimpse of the tools Jose and Roy Larsen
have designed, then you would realised how wrong you are - Jose
doesn't need anybody to test anything for him, as he is more than
capable to do so on his own.
> As the French say:"You have put your finger in your eye all the
way to the elbow!".
>
> Eduardo.
>
> pumrysh <no_reply@xxxxxxxxxx <mailto:no_reply%40yahoogroups.com> s.com>
wrote:
> jony,
>
> You need to spend some time rereading Jose's last post and
visiting
> his website.
>
> You should note the following statement from Jose:
>
> "The main reason in posting the indicator is for members to learn
> and experiment with it, not trade its basic signals."
>
> As far as putting money on the table, I believe his website
explains
> how much and with what system.
>
> The Countback Oscillator has some interesting concepts in it. You
> are correct that other indicators offer similar signals...that's
not
> the point though. The point is how the final signals were derived.
I
> personally enjoyed the "Automatic overBought/Sold levels" and will
> probably incorporate those in other indicators.
>
> The point of Jose's post was not that the countback oscillator
> should be used as a trading system nor was there anything "cheap
> skate" about it. If that was what you got out of the post then I
> believe your few months of study have been a waste of time.
>
> As an aside note, I agree with you that everyone should use due
> diligence in their trading. It takes a wise person to manage their
> money in a way that will allow it to grow larger.
>
> Preston
>
>
>
> --- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, jony gila
> <hypersteroid2000@> 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@>
> > To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com
> > 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.
> > >
> > > CCopyright 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 <http://www.metastoc
<http://www.metastocktools.com> ktools.com> ktools.com
> >
> >
> >
> >
> > Send instant messages to your online friends
> http://au.messenger <http://au.messenger <http://au.messenger.yahoo.com>
.yahoo.com> .yahoo.com
> >
> > [Non-text portions of this message have been removed]
> >
>
>
>
>
>
> Send instant messages to your online friends
http://uk.messenger <http://uk.messenger <http://uk.messenger.yahoo.com>
.yahoo.com> .yahoo.com
>
> [Non-text portions of this message have been removed]
>
Send instant messages to your online friends http://uk.messenger
<http://uk.messenger <http://uk.messenger.yahoo.com> .yahoo.com> .yahoo.com
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
Send instant messages to your online friends http://uk.messenger
<http://uk.messenger.yahoo.com> .yahoo.com
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
Send instant messages to your online friends http://uk.messenger.yahoo.com
[Non-text portions of this message have been removed]
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|